0000070866-23-000023 | 10-Q | XBRL Viewer

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Defined Benefit Plans Disclosures

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


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	18		10		7		3		25		13
Expected return on plan assets	(16)		(16)		(9)		(7)		(25)		(23)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	2	$	(6)	$	(1)	$	(3)	$	1	$	(9)

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


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	2	$	2	$	2	$	2
Interest cost	36		20		14		6		50		26
Expected return on plan assets	(33)		(33)		(17)		(14)		(50)		(47)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	3	$	(13)	$	(1)	$	(6)	$	2	$	(19)

Schedule of Net Benefit Costs

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


	Three months ended June 30				Six months ended June 30
In millions	2023		2022		2023		2022
Net service cost	$	3	$	36	$	6	$	49
Interest cost	2		—		3		1
Amortization of:
Prior service benefit	(1)		—		(1)		(1)
Actuarial gain	(1)		—		(2)		—
Net benefit cost	$	3	$	36	$	6	$	49

Trade Receivables Facility	6 Months Ended
Trade Receivables Facility	Jun. 30, 2023
Receivables [Abstract]
TRADE RECEIVABLES FACILITY	6. TRADE RECEIVABLES FACILITY The Company maintains a 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 $268 million and $300 million as of June 30, 2023 and December 31, 2022, respectively. Excluding the trade receivables sold to PNC and other unaffiliated purchasers, the SPEs collectively owned $301 million and $321 million of trade receivable as of June 30, 2023 and December 31, 2022, 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. During the six months ended June 30, 2023, the Company paid $76 million to PNC and the other unaffiliated purchasers and received $33 million as the outstanding balance of receivables sold fluctuated during the quarter. 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 June 30, 2023 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. The T/R Facility includes other customary representations and warranties, affirmative and negative covenants and default and termination provisions, which provide for the acceleration of amounts owed to PNC and the other unaffiliated purchasers thereunder in circumstances including, but not limited to, failure to pay capital or yield when due, breach of representation, warranty or covenant, certain insolvency events or failure to maintain the security interest in the trade receivables, and defaults under other material indebtedness.

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
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	9		9		$ 16
Foreign exchange contracts	0		0		0
Interest rate swap agreements	0		0
Total	9		9		16
Interest rate swap agreements	0		0
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	1		1		1
Interest rate swap agreements	22		22
Total	23		23		64
Interest rate swap agreements	8		8
Foreign exchange contracts	3		3		2
Total	11		11		2
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					63
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
Interest rate swap agreements	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	9		9		16
Foreign exchange contracts	1		1		1
Interest rate swap agreements	22		22
Total	32		32		80
Interest rate swap agreements	8		8
Foreign exchange contracts	3		3		2
Total	$ 11		$ 11		2
Fair Value, Recurring \| Total \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap agreements					$ 63

Derivatives and Hedging Instruments - Narrative (Details) $ in Millions		6 Months Ended
	Jun. 14, 2023 USD ($)	Jun. 30, 2023 USD ($) currency	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Derivative [Line Items]
Number of functional currencies \| currency		45
Maximum period for cash flow hedging activity		15 months
Total stockholders’ equity		$ 1,554	$ 1,479
Derivative, cash received on hedge	$ 71
Minimum
Derivative [Line Items]
Average variable interest rate				2.79%
Maximum
Derivative [Line Items]
Average variable interest rate				3.251%
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Total stockholders’ equity		92	109
Foreign exchange contracts \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative [Line Items]
Total stockholders’ equity		$ 0	$ 0
Interest Rate Swap
Derivative [Line Items]
Derivative, notional amount	$ 2,400			$ 2,400
Interest Rate Swap \| Minimum
Derivative [Line Items]
Fixed interest rate	4.2395%
Interest Rate Swap \| Maximum
Derivative [Line Items]
Fixed interest rate	5.274%

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

Stock Compensation Plans - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Restricted stock units	$ 34	$ 28	$ 62	$ 54
Stock options	0	5	2	10
Employee stock purchase plan	2	2	4	5
Stock-based compensation expense	36	35	68	69
Tax benefit	(4)	(4)	(4)	(8)
Stock-based compensation expense (net of tax)	$ 32	$ 31	$ 64	$ 61

Goodwill and Purchased Intangible Assets - Goodwill by Segments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 4,709
Accumulated Impairment, beginning balance	(169)
Total beginning balance	4,540
Additions	0
Impairment	0
Other	4
Goodwill, ending balance	4,713
Accumulated Impairment, ending balance	(169)
Total	4,544
Retail
Goodwill [Roll Forward]
Goodwill, beginning balance	995
Accumulated Impairment, beginning balance	(34)
Total beginning balance	961
Additions	0
Impairment	0
Other	2
Goodwill, ending balance	997
Accumulated Impairment, ending balance	(34)
Total	963
Hospitality
Goodwill [Roll Forward]
Goodwill, beginning balance	288
Accumulated Impairment, beginning balance	(23)
Total beginning balance	265
Additions	0
Impairment	0
Other	1
Goodwill, ending balance	289
Accumulated Impairment, ending balance	(23)
Total	266
Digital Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	594
Accumulated Impairment, beginning balance	0
Total beginning balance	594
Additions	0
Impairment	0
Other	0
Goodwill, ending balance	594
Accumulated Impairment, ending balance	0
Total	594
Payments & Network
Goodwill [Roll Forward]
Goodwill, beginning balance	1,036
Accumulated Impairment, beginning balance	0
Total beginning balance	1,036
Additions	0
Impairment	0
Other	0
Goodwill, ending balance	1,036
Accumulated Impairment, ending balance	0
Total	1,036
Self-Service Banking
Goodwill [Roll Forward]
Goodwill, beginning balance	1,633
Accumulated Impairment, beginning balance	(101)
Total beginning balance	1,532
Additions	0
Impairment	0
Other	1
Goodwill, ending balance	1,634
Accumulated Impairment, ending balance	(101)
Total	1,533
Other
Goodwill [Roll Forward]
Goodwill, beginning balance	163
Accumulated Impairment, beginning balance	(11)
Total beginning balance	152
Additions	0
Impairment	0
Other	0
Goodwill, ending balance	163
Accumulated Impairment, ending balance	(11)
Total	$ 152

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
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)	12.7	7.4	12.7	11.4
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

Employee Benefit Plans - Postemployment Plan Net Cost (Details) - Postemployment Retirement Benefits - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 3	$ 36	$ 6	$ 49
Interest cost	2	0	3	1
Amortization of prior service benefit	(1)	0	(1)	(1)
Actuarial gain	1	0	2	0
Net benefit cost	$ 3	$ 36	$ 6	$ 49

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

The Company recorded the activity related to the warranty reserve for the six months ended June 30 as follows:


In millions	2023		2022
Warranty reserve liability
Beginning balance as of January 1	$	13	$	19
Accruals for warranties issued	7		9
Settlements (in cash or in kind)	(10)		(13)
Ending balance as of June 30	$	10	$	15

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
(Gain) loss reclassified from AOCI	$ 24	$ (5)	$ 43	$ (6)
Interest rate contracts \| Cash Flow Hedging \| Cost of services
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized	35	10	24	42
(Gain) loss reclassified from AOCI	(19)	5	(34)	6
Interest rate contracts \| Cash Flow Hedging \| Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized	0	11	0	36
(Gain) loss reclassified from AOCI	$ (5)	$ 0	$ (9)	$ 0

Supplemental Financial Information (Tables)

6 Months Ended

Jun. 30, 2023

Supplemental Financial Information [Abstract]

Schedule of Components of Accounts Receivable

The components of accounts receivable are summarized as follows:


In millions	June 30, 2023		December 31, 2022
Accounts receivable
Trade	$	984	$	1,056
Other	44		61
Accounts receivable, gross	1,028		1,117
Less: allowance for credit losses	(42)		(34)
Total accounts receivable, net	$	986	$	1,083

Schedule of Components of Inventory

The components of inventory are summarized as follows:


In millions	June 30, 2023		December 31, 2022
Inventories
Work in process and raw materials	$	72	$	107
Finished goods	223		252
Service parts	414		413
Total inventories	$	709	$	772

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Interest expense	$ 91	$ 67	$ 174	$ 130
(Gain) loss reclassified from AOCI	24	(5)	43	(6)
Net derivative-related gains reclassified into earnings	80		80
Cost of services
Derivative [Line Items]
Cost of revenue	970	982	1,939	1,945
Foreign exchange contracts \| Other income (expense), net
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	(3)	(12)	(8)	(18)
Interest rate contracts \| Cost of services \| Cash Flow Hedging
Derivative [Line Items]
(Gain) loss reclassified from AOCI	(19)	5	(34)	6
Interest rate contracts \| Cost of services \| Cost of services
Derivative [Line Items]
Derivative instruments not designated as hedging instruments, gain (loss), net	14	0	14	0
Interest rate contracts \| Interest expense \| Cash Flow Hedging
Derivative [Line Items]
(Gain) loss reclassified from AOCI	$ (5)	$ 0	$ (9)	$ 0

Stock Compensation Plans

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

STOCK COMPENSATION PLANS

8. STOCK COMPENSATION PLANS

As of June 30, 2023, the Company’s stock-based compensation consisted of restricted stock units, employee stock purchase plan and stock options. Stock-based compensation expense for the following periods were:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Restricted stock units	$	34	$	28	$	62	$	54
Stock options	—		5		2		10
Employee stock purchase plan	2		2		4		5
Stock-based compensation expense	36		35		68		69
Tax benefit	(4)		(4)		(4)		(8)
Stock-based compensation expense (net of tax)	$	32	$	31	$	64	$	61

Stock-based compensation expense is recognized in the Condensed Consolidated Financial Statements based upon fair value.

On February 13, 2023, the Company granted market-based restricted stock units vesting on December 31, 2025. The number of awards that vest are subject to the compound annual growth rate ("CAGR") of the Company's stock price from January 1, 2023 to December 31, 2025 (the "performance period"), subject to an alternative level of achievement based on the Company's relative total shareholder return ranking among a comparison group. The fair value of the awards was determined to be $35.04 per share based on using a Monte-Carlo simulation model and will be recognized over the requisite service period.

Approximately 50% of these market-based restricted stock units granted include an accelerated vesting provision if a Qualified Transaction, as defined in the award agreement, takes place during the performance period (with a minimum vesting period of one year from the grant date). Upon the occurrence of a Qualified Transaction, the number of shares that vest are then based on the Company's 20-day volume-weighted average closing stock price immediately preceding the transaction date. If a qualifying transaction is deemed probable, the award will be recognized over the adjusted requisite service period at a fair value determined using a Monte-Carlo simulation model ranging from $35.09 to $41.77 per unit, dependent upon the estimated timing of the transaction. Transactions of this nature are subject to many variables that are highly uncertain, including the receipt of regulatory approvals and market conditions.

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 13, 2023:


Dividend yield	—	%
Risk-free interest rate	4.15	%
Expected volatility	55.90	%

Expected volatility for these restricted stock units is calculated as the historical volatility of the Company’s stock over a period of approximately 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 June 30, 2023, the total unrecognized compensation cost of $198 million related to unvested restricted stock grants is expected to be recognized over a weighted average period of approximately 1.1 years. As of June 30, 2023, the total unrecognized compensation cost related to unvested stock option grants was approximately zero.

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 June 30, 2023, employees purchased 0.3 million shares, at a discounted price of $19.93. For the three months ended June 30, 2022, employees purchased 0.2 million shares, at a discounted price of $26.44.

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Restricted Stock Units	Feb. 13, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%
Risk-free interest rate	4.15%
Expected volatility	55.90%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Fair Value of Assets and Liabilities

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and December 31, 2022 are set forth as follows:


	June 30, 2023
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)	$	9	$	9	$	—	$	—
Foreign exchange contracts (2)	1		—		1		—
Interest rate swap agreements (3)	22		—		22		—
Total	$	32	$	9	$	23	$	—
Liabilities:
Interest rate swap agreements (4)	$	8	$	—	$	8	$	—
Foreign exchange contracts (5)	3		—		3		—
Total	$	11	$	—	$	11	$	—


	December 31, 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)	$	16	$	16	$	—	$	—

Foreign exchange contracts (2)	1		—		1		—
Interest rate swap and cap agreements (3)	63		—		63		—
Total	$	80	$	16	$	64	$	—
Liabilities:

Foreign exchange contracts (5)	2		—		2		—
Total	$	2	$	—	$	2	$	—

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

(2) Included in Prepaid and other current assets in the Condensed Consolidated Balance Sheets.

(3) Included in Prepaid and other current assets and Other assets in the Condensed Consolidated Balance Sheets.

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

(5) 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 June 30, 2023, 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 six months ended June 30, 2023 and 2022.

- 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

Goodwill and Purchased Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND PURCHASED INTANGIBLE ASSETS

3. GOODWILL AND PURCHASED INTANGIBLE ASSETS

Goodwill by Segment The carrying amounts of goodwill by segment as of June 30, 2023 and December 31, 2022 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2022												June 30, 2023
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total

Retail	$	995	$	(34)	$	961	$	—	$	—	$	2	$	997	$	(34)	$	963
Hospitality	288		(23)		265		—		—		1		289		(23)		266
Digital Banking	594		—		594		—		—		—		594		—		594
Payments & Network	1,036		—		1,036		—		—		—		1,036		—		1,036
Self-Service Banking	1,633		(101)		1,532		—		—		1		1,634		(101)		1,533
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,709	$	(169)	$	4,540	$	—	$	—	$	4	$	4,713	$	(169)	$	4,544

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

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)	June 30, 2023				December 31, 2022
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,104	$	(500)	$	1,103	$	(463)
Intellectual property	2 - 8	1,030		(598)		1,030		(558)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	131		(103)		128		(95)
Total identifiable intangible assets		$	2,354	$	(1,290)	$	2,350	$	(1,205)

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


	Three months ended June 30				Six months ended June 30
In millions	2023		2022		2023		2022
Amortization expense	$	43	$	45	$	85	$	86

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


			For the years ended December 31
In millions	Remainder of 2023		2024		2025		2026		2027		2028
Amortization expense	$	87	$	161	$	150	$	139	$	124	$	106

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from External Customer [Line Items]
Total revenue	$ 1,986	$ 1,997	$ 3,877	$ 3,863
Recurring revenue
Revenue from External Customer [Line Items]
Total revenue	1,262	1,217	2,491	2,396
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 724	$ 780	$ 1,386	$ 1,467

- Definition

Amount, excluding 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
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Series A Convertible Preferred Stock (Details) - Series A Convertible Preferred Stock $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares Rate shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares Rate shares	Jun. 30, 2022 USD ($)	Dec. 31, 2022 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 \| $	$ 4	$ 4	$ 8	$ 8
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

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

+ Details

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 1,986	$ 1,997	$ 3,877	$ 3,863
Adjusted EBITDA by segment	504	445	924	819
Russia Conflict
Segment Reporting Information [Line Items]
Total revenue	0	6	0	9
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,945	1,942	3,792	3,745
Adjusted EBITDA by segment	504	445	924	819
Other
Segment Reporting Information [Line Items]
Total revenue	54	61	108	129
Eliminations
Segment Reporting Information [Line Items]
Total revenue	(13)	(12)	(23)	(20)
Retail \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	576	562	1,128	1,108
Adjusted EBITDA by segment	123	104	220	171
Hospitality \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	235	238	458	449
Adjusted EBITDA by segment	60	46	113	87
Digital Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	140	131	276	267
Adjusted EBITDA by segment	53	56	102	112
Payments & Network \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	333	332	656	631
Adjusted EBITDA by segment	99	97	182	195
Self-Service Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	661	679	1,274	1,290
Adjusted EBITDA by segment	$ 169	$ 142	$ 307	$ 254

Business Combinations	6 Months Ended
Business Combinations	Jun. 30, 2023
Business Combination and Asset Acquisition [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 digital currency solutions, including the ability to buy and sell Bitcoin, and conduct cross-border remittance. 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. The fair value of consideration transferred to acquire LibertyX was allocated to the identifiable assets and acquired liabilities assumed based upon their estimated fair values as of the date of acquisition. The allocation of purchase price was finalized as of December 31, 2022.

Debt Obligations - Other and Fair Value of Debt (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt value of long-term debt	$ 5,250	$ 5,180	$ 5,250
Banc of America Leasing & Capital, LLC \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 20		$ 20
Debt term	4 years	3 years 3 months 18 days	3 years 8 months 12 days
Long-term line of credit	$ 12	$ 11	$ 12
Interest rate during period		7.20%	7.21%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt Obligations

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


		June 30, 2023			December 31, 2022
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)		$	101	7.54%	$	100	6.54%
Other (1)		4		7.24%	4		7.05%
	Total short-term borrowings	$	105		$	104
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,726	7.63%	$	1,778	6.69%
	Revolving credit facility (1)	328		7.38%	523		6.79%
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		(45)			(49)
Other (1)		7		7.19%	9		7.1%
	Total long-term debt	$	5,316		$	5,561

(1) Interest rates are weighted-average interest rates as of June 30, 2023 and December 31, 2022.

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	$ 10		$ 24
Expected future benefit payment, remainder of fiscal year	75		75
Total estimated contributions by employer during fiscal year	51		51
Total Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	1	$ (9)	2	$ (19)
Total Pension Benefits \| Foreign Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	(1)	(3)	(1)	(6)
Plan assets contributions by employer	4		8
Expected future benefit payment, remainder of fiscal year	12		12
Total estimated contributions by employer during fiscal year	20		20
Total Pension Benefits \| United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net periodic benefit cost (income)	2	$ (6)	3	$ (13)
Plan assets contributions by employer	0		0
Expected future benefit payment, remainder of fiscal year	2		2
Total estimated contributions by employer during fiscal year	$ 2		$ 2

Condensed Consolidated Statements of Changes in Stockholder's 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, 2021			132.0
Balance at beginning of period at Dec. 31, 2021		$ 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			132.0
Balance at beginning of period at Dec. 31, 2021		1,259	$ 1	515	1,031	(291)	3
Comprehensive income:
Other comprehensive income (loss)	$ (15)
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
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)	(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
Balance at beginning of period (in shares) at Dec. 31, 2022	138.0		138.0
Balance at beginning of period at Dec. 31, 2022	$ 1,479	1,479	$ 1	704	1,075	(300)	(1)
Comprehensive income:
Net income (loss)		10			9		1
Other comprehensive income (loss)		(20)				(19)	(1)
Total comprehensive income (loss)		(10)			9	(19)
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							0
Employee stock purchase and stock compensation plans (in shares)			2.0
Employee stock purchase and stock compensation plans		23		23
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Mar. 31, 2023			140.0
Balance at end of period at Mar. 31, 2023		1,488	$ 1	727	1,080	(319)	(1)
Balance at beginning of period (in shares) at Dec. 31, 2022	138.0		138.0
Balance at beginning of period at Dec. 31, 2022	$ 1,479	1,479	$ 1	704	1,075	(300)	(1)
Comprehensive income:
Other comprehensive income (loss)	$ (11)
Balance at end of period (in shares) at Jun. 30, 2023	140.4		140.0
Balance at end of period at Jun. 30, 2023	$ 1,554	1,554	$ 1	770	1,095	(311)	(1)
Balance at beginning of period (in shares) at Mar. 31, 2023			140.0
Balance at beginning of period at Mar. 31, 2023		1,488	$ 1	727	1,080	(319)	(1)
Comprehensive income:
Net income (loss)		18			19		(1)
Other comprehensive income (loss)	$ 9	9				8	1
Total comprehensive income (loss)		27			19	8
Total comprehensive income (loss), attributable to nonredeemable noncontrolling interest							0
Employee stock purchase and stock compensation plans		43		43
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Jun. 30, 2023	140.4		140.0
Balance at end of period at Jun. 30, 2023	$ 1,554	$ 1,554	$ 1	$ 770	$ 1,095	$ (311)	$ (1)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Net income (loss)	$ 28	$ 8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss (income) from discontinued operations	1	(5)
Depreciation and amortization	306	299
Stock-based compensation expense	68	69
Deferred income taxes	16	6
Impairment of other assets	1	0
Loss (gain) on disposal of property, plant and equipment and other assets	1	2
(Gain) loss on divestiture	(8)	0
Changes in assets and liabilities, net of effects of business acquired:
Receivables	91	(209)
Inventories	21	(202)
Current payables and accrued expenses	(104)	58
Contract liabilities	25	34
Employee benefit plans	(24)	6
Other assets and liabilities	122	52
Net cash provided by operating activities	544	118
Investing activities
Expenditures for property, plant and equipment	(70)	(32)
Proceeds from sale of property, plant and equipment and other assets	8	3
Additions to capitalized software	(134)	(142)
Business acquisitions, net of cash acquired	(6)	(1)
Proceeds from divestiture, net	8	0
Other investing activities, net	0	(5)
Net cash used in investing activities	(194)	(177)
Financing activities
Short term borrowings, net	0	2
Payments on term credit facilities	(50)	(4)
Payments on revolving credit facilities	(927)	(599)
Borrowings on revolving credit facilities	732	637
Payments on other financing arrangements	(2)	0
Cash dividend paid for Series A preferred shares dividends	(8)	(8)
Proceeds from employee stock plans	14	14
Tax withholding payments on behalf of employees	(16)	(36)
Net change in client funds obligations	0	(3)
Principal payments for finance lease obligations	(9)	(8)
Other financing activities	0	(2)
Net cash provided by (used in) financing activities	(266)	(7)
Cash flows from discontinued operations
Net cash provided by (used in) operating activities of discontinued operations	(6)	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(8)	(19)
Increase (decrease) in cash, cash equivalents, and restricted cash	70	(85)
Cash, cash equivalents and restricted cash at beginning of period	740	749
Cash, cash equivalents and restricted cash at end of period	$ 810	$ 664

Debt Obligations - Senior Secured Credit Facility (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
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	5,316	$ 5,561
Letters of credit outstanding	29
Remaining borrowing capacity	$ 943
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	1,827
Long-term debt	1,726	1,778
Term loan facility \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount	2,055
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 328	$ 523

Commitments and Contingencies

6 Months Ended

Jun. 30, 2023

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 above and 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 June 30, 2023, 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 NCR was one of eight entities that was formally notified by governmental and other entities that it was a PRP 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. 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, and carbonless copy paper “broke” the Company allegedly sold to other mills as 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. 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 has been shared with three parties (the previously reported API having fully satisfied its obligations in 2016, and is now bankrupt): B.A.T. Industries p.l.c. (“BAT”) as co-obligor, and AT&T Corp. (“AT&T”) and Nokia (as the successor to Lucent Technologies and Alcatel-Lucent USA) as indemnitors. Under a 1998 Cost Sharing Agreement and subsequent 2005 arbitration award (collectively, the “Cost Sharing Agreement”), from 2008 through 2014, BAT paid 60% of the cost of the Fox River clean-up and natural resource damages (“NRD”). Pursuant to a September 30, 2014

Funding Agreement (the “Funding Agreement”), BAT funded 50% of NCR’s Fox River remediation costs from October 1, 2014 forward; the Funding Agreement also provides NCR contractual avenues for a future payment of, via direct and third-party sources, (1) the difference between BAT’s 60% obligation under the Cost Sharing Agreement 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 for the period from April 2012 through September 2014 (collectively, the “Funding Agreement Receivable”). Pursuant to a June 12, 2015 Letter Agreement, NCR's contractual avenue for direct payment by BAT was effectively stayed pending completion of other unrelated lawsuits by BAT against third-parties. As of June 30, 2023 and December 31, 2022, the Funding Agreement Receivable 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 remaining reserve.

Additionally, under a 1996 Divestiture Agreement, AT&T and Nokia have been 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 (the “Divestiture Agreement Offsets”), if any. (The Divestiture 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 Company's remaining obligation over upcoming periods, in view of a final reconciliation of the Funding Agreement Receivable and the Divestiture Agreement Offsets. 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 June 30, 2023 and December 31, 2022, we have no remaining liability for remedial obligations for the Fox River matter. As of June 30, 2023 and December 31, 2022, the liability subject to final reconciliation with indemnitors under the Divestiture Agreement was approximately $22 million.

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.

The Company believes it has meritorious claims against BAT under the Cost Sharing Agreement, discussed above, for the Kalamazoo River remediation expenses as a so-called “future site.” To date, BAT has denied that the Kalamazoo River is a “future site.” On February 10, 2023, the Company filed an action against BAT in the Southern District of New York seeking a declaration that the Kalamazoo River is indeed a future site under the Cost Sharing Agreement. 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 Divestiture Agreement referenced above in the Fox River discussion. The Company believes that contractual threshold was met in December 2022.

As of June 30, 2023 and December 31, 2022, the total reserve for Kalamazoo was $88 million and $90 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 $155 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 June 30, 2023, NCR had disposed of approximately 96% of its lower-concentration wastes and approximately 75% 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 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 June 30, 2023 and December 31, 2022 is $3 million and $7 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 June 30, 2023, 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. 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 June 30, 2023 and December 31, 2022, 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 six months ended June 30 as follows:


In millions	2023		2022
Warranty reserve liability
Beginning balance as of January 1	$	13	$	19
Accruals for warranties issued	7		9
Settlements (in cash or in kind)	(10)		(13)
Ending balance as of June 30	$	10	$	15

In addition, NCR provides its customers with certain indemnification rights, subject to certain limitations and exceptions. NCR agrees to defend and indemnify its customers from third-party lawsuits alleging patent or other infringement of Company solutions based on its customers' use of them. On limited occasions the Company will undertake to indemnify a customer for business, rather than contractual, 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. Historically, the Company has not recorded a liability in connection with these indemnifications. From time to time, the Company has provided indemnification under these circumstances, none of which has resulted in material liabilities, and the Company expects these indemnities will continue to arise in the future.

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.

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 30.0	$ 0.0	$ 44.0	$ 13.0
Change in deferred tax assets valuation allowance, amount	2.0		2.0
Tax settlement, amount			2.0
Unrecognized tax benefits, interest on income taxes expense	2.0		4.0
Benefit related to uncertain tax position settlements	7.0			7.0
Recognized benefit from provision to return adjustments	6.0			$ 4.0
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	3.0		3.0
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 5.0		$ 5.0

Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, general and administrative expenses	$ (333)	$ (309)	$ (625)	$ (622)
Research and development expenses	(57)	(59)	(121)	(124)
Interest expense	(91)	(67)	(174)	(130)
Total before tax	19	37	29	3
Tax expense	(30)	0	(44)	(13)
Net income (loss) attributable to NCR common stockholders	15	37	20	(1)
Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(478)	(544)	(934)	(1,036)
Cost of services
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(970)	(982)	(1,939)	(1,945)
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)	0	(9)
Total before tax	(26)	5	(46)	5
Tax expense	5	(1)	10	(1)
Net income (loss) attributable to NCR common stockholders	(21)	4	(36)	4
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
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	(21)	5	(37)	5
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	0
Total before tax	(1)	0	(2)	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	(1)	0	(2)	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	0	0	0
Research and development expenses	0		0	0
Interest expense	0	0	0
Total before tax	(1)	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		0
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	(1)	0	(1)	(1)
Effective Cash Flow Hedge 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	(5)	0	(9)
Total before tax	(24)	5	(43)	6
Effective Cash Flow Hedge 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
Effective Cash Flow Hedge 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	$ (19)	$ 5	$ (34)	$ 6

Employee Benefit Plans - Postemployment Pension Plan (Details) - Total Pension Benefits - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 1	$ 1	$ 2	$ 2
Interest cost	25	13	50	26
Expected return on plan assets	(25)	(23)	(50)	(47)
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost (income)	1	(9)	2	(19)
United States
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	0	0	0	0
Interest cost	18	10	36	20
Expected return on plan assets	(16)	(16)	(33)	(33)
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost (income)	2	(6)	3	(13)
Foreign Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1	2	2
Interest cost	7	3	14	6
Expected return on plan assets	(9)	(7)	(17)	(14)
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost (income)	$ (1)	$ (3)	$ (1)	$ (6)

Basis of Presentation and Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Current portion of contract liabilities	$ 560	$ 537
Non-current portion of contract liabilities	$ 51	$ 49

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

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, 2022	$	(404)	$	(5)	$	109	$	(300)
Other comprehensive income (loss) before reclassifications	8		—		17		25
Amounts reclassified from AOCI	—		(2)		(34)		(36)
Net current period other comprehensive (loss) income	8		(2)		(17)		(11)
Balance as of June 30, 2023	$	(396)	$	(7)	$	92	$	(311)

Reclassifications Out of AOCI


		For the three months ended June 30, 2023
		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)		(19)		(21)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	(1)	$	(1)	$	(24)	$	(26)
	Tax expense							5
	Total reclassifications, net of tax							$	(21)


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


		For the six months ended June 30, 2023
		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	(2)		(1)		(34)		(37)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(9)		(9)
	Total before tax	$	(2)	$	(1)	$	(43)	$	(46)
	Tax expense							10
	Total reclassifications, net of tax							$	(36)


		For the six months ended June 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)		6		5
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—

	Total before tax	$	—	$	(1)	$	6	$	5
	Tax expense							(1)
	Total reclassifications, net of tax							$	4

Segment Information and Concentrations

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

4. SEGMENT INFORMATION AND CONCENTRATIONS

The Company manages and reports its operations in 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 point-of-sale ("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 and merchant acquiring 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, payment processing and merchant acquiring services, installation, maintenance, as well as managed and professional services.

•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 solutions to financial institutions, ATM management and services to retailers and other businesses, as well as payment processing and merchant acquiring services in the retail, hospitality and other industries.

•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. We also offer solutions to manage and run the ATM channel end-to-end for financial institutions that includes back office, cash management, software management and ATM deployment, among others.

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, separation-related costs, cyber ransomware incident recovery costs, and transformation and restructuring charges (which includes integration, severance and other exit and disposal costs), among others. The special items are considered non-operational or non-recurring in nature, 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 in the first quarter of 2022. As of June 30, 2023, 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 six months ended June 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 recognized a pre-tax net loss of $22 million for the six months ended June 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 charges have been recognized for the six months ended June 30, 2023. We consider this to be a non-recurring special item and management has reviewed the results of its business segments excluding these impacts.

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 June 30				Six months ended June 30
	2023		2022		2023		2022
Revenue by segment
Retail	$	576	$	562	$	1,128	$	1,108
Hospitality	235		238		458		449
Digital Banking	140		131		276		267
Payments & Network	333		332		656		631
Self-Service Banking	661		679		1,274		1,290
Total segment revenue	$	1,945	$	1,942	$	3,792	$	3,745
Other (1)	54		61		108		129
Eliminations	(13)		(12)		(23)		(20)
Other adjustment (2)	—		6		—		9
Consolidated revenue	$	1,986	$	1,997	$	3,877	$	3,863

Adjusted EBITDA by segment
Retail	$	123	$	104	$	220	$	171
Hospitality	60		46		113		87
Digital Banking	53		56		102		112
Payments & Network	99		97		182		195
Self-Service Banking	169		142		307		254
Segment Adjusted EBITDA	$	504	$	445	$	924	$	819

(1) Other immaterial business operations that do not represent a reportable segment.

(2) Other adjustment reflects the revenue attributable to the Company's operations in Russia for the three and six months ended June 30, 2022 that were excluded from management's measure of revenue due to our previous announcement to suspend sales to Russia and orderly wind down of our operations in Russia beginning in the first quarter of 2022.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Segment Adjusted EBITDA	$	504	$	445	$	924	$	819
Less unallocated amounts:
Corporate and other income and expenses not allocated to reportable segments	106		98		216		195
Eliminations	9		8		17		14
Transformation and restructuring costs (1)	(1)		49		(1)		76
Acquisition-related amortization of intangibles	43		45		85		86
Acquisition-related costs (2)	1		3		1		8

Interest expense	91		67		174		130
Interest income	(3)		(2)		(6)		(3)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	109		104		215		207
Income tax expense (benefit)	30		—		44		13
Stock-based compensation expense	36		35		68		69
Separation costs (3)	52		—		71		—
Cyber ransomware incident recovery costs (4)	11		—		11		—
Russia	—		3		—		22
Net income (loss) from continuing operations attributable to NCR	$	20	$	35	$	29	$	2

(1) Represents integration, severance, and other exit and disposal costs, which are considered non-operational in nature.

(2) Represents professional fees, retention bonuses, and other costs incurred related to acquisitions, which are considered non-operational in nature.

(3) Represents professional fees specific to separation preparation including separation management, organizational design, and legal fees.

(4) Represents expenses to respond to, remediate and investigate the April 13, 2023 cyber ransomware incident, which is considered a non-recurring special item. Additional details regarding this cyber ransomware incident are discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”.

The following table presents revenue by geography for NCR:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
United States	$	1,121	$	1,075	$	2,214	$	2,073
Americas (excluding United States)	199		201		381		384
Europe, Middle East and Africa	446		498		858		964
Asia Pacific	220		223		424		442
Total revenue	$	1,986	$	1,997	$	3,877	$	3,863

The following table presents the recurring revenue for NCR:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Recurring revenue (1)	$	1,262	$	1,217	$	2,491	$	2,396
All other products and services	724		780		1,386		1,467
Total revenue	$	1,986	$	1,997	$	3,877	$	3,863

(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, Bitcoin-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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 547	$ 505
Accounts receivable, net of allowances of $42 and $34 as of June 30, 2023 and December 31, 2022, respectively	986	1,083
Inventories	709	772
Restricted cash	254	228
Prepaid and other current assets	458	494
Total current assets	2,954	3,082
Property, plant and equipment, net	677	663
Goodwill	4,544	4,540
Intangibles, net	1,064	1,145
Operating lease assets	353	371
Prepaid pension cost	222	212
Deferred income taxes	589	598
Other assets	876	896
Total assets	11,279	11,507
Current liabilities
Short-term borrowings	105	104
Accounts payable	832	942
Payroll and benefits liabilities	208	207
Contract liabilities	560	537
Settlement liabilities	263	250
Other current liabilities	689	673
Total current liabilities	2,657	2,713
Long-term debt	5,316	5,561
Pension and indemnity plan liabilities	617	614
Postretirement and postemployment benefits liabilities	92	91
Income tax accruals	98	97
Operating lease liabilities	336	353
Other liabilities	334	324
Total liabilities	9,450	9,753
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 June 30, 2023 and December 31, 2022, respectively; redemption amount and liquidation preference of $276 as of June 30, 2023 and December 31, 2022, respectively	275	275
NCR stockholders’ equity
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 140.4 and 138.0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	1	1
Paid-in capital	770	704
Retained earnings	1,095	1,075
Accumulated other comprehensive loss	(311)	(300)
Total NCR stockholders’ equity	1,555	1,480
Noncontrolling interests in subsidiaries	(1)	(1)
Total stockholders’ equity	1,554	1,479
Total liabilities and stockholders’ equity	$ 11,279	$ 11,507

Business Combinations - Additional Information (Details) - LibertyX $ / shares in Units, shares in Millions, $ in Millions	Jan. 05, 2022 USD ($) $ / shares shares
Business Acquisition [Line Items]
Share consideration value \| $	$ 1
Shares issued (in shares) \| shares	1.4
Acquired share price (in dollars per share) \| $ / shares	$ 42.13
Number of shares converted (in shares) \| shares	0.2
Consideration transferred \| $	$ 69

Supplemental Financial Information

6 Months Ended

Jun. 30, 2023

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

16. SUPPLEMENTAL FINANCIAL INFORMATION

The components of accounts receivable are summarized as follows:


In millions	June 30, 2023		December 31, 2022
Accounts receivable
Trade	$	984	$	1,056
Other	44		61
Accounts receivable, gross	1,028		1,117
Less: allowance for credit losses	(42)		(34)
Total accounts receivable, net	$	986	$	1,083

Our allowance for credit losses as of June 30, 2023 and December 31, 2022 was $42 million and $34 million, respectively. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable as well as risks to specific industries or countries and adjust the reserves accordingly. The impact to our allowance for credit losses for the three and six months ended June 30, 2023 was an expense of $4 million and $8 million, respectively. The impact to our allowance for credit losses for the three and six months ended June 30, 2022 was an expense of $4 million and $8 million, respectively. The Company recorded recoveries against the reserve for the three months ended June 30, 2023 of $1 million. The Company recorded write-offs against the reserve for the three months ended June 30, 2022 of $4 million. The Company recorded write-offs against the reserve for the six months ended June 30, 2023 and 2022 of approximately zero and $6 million, respectively.

The components of inventory are summarized as follows:


In millions	June 30, 2023		December 31, 2022
Inventories
Work in process and raw materials	$	72	$	107
Finished goods	223		252
Service parts	414		413
Total inventories	$	709	$	772

Segment Information and Concentrations - Net Income Reconciled to Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Adjusted EBITDA by segment	$ 504	$ 445	$ 924	$ 819
Corporate and other income and expenses not allocated to reportable segments	106	98	216	195
Eliminations	9	8	17	14
Transformation and restructuring costs	(1)	49	(1)	76
Amortization expense	43	45	85	86
Acquisition-related costs	1	3	1	8
Interest expense	91	67	174	130
Interest income	(3)	(2)	(6)	(3)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	109	104	215	207
Income tax expense (benefit)	30	0	44	13
Stock-based compensation expense	36	35	68	69
Separation costs	52	0	71	0
Cyber ransomware incident recovery costs	11	0	11	0
Russia	0	3	0	22
Income (loss) from continuing operations	$ 20	$ 35	$ 29	$ 2

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Cyber ransomware incident recovery costs	$ 11		$ 0	$ 11	$ 0
Compensation expense		$ 10
Revenue recognized that was included in contract liabilities				265	$ 309
Remaining performance obligations	3,900			3,900
Capitalized software development costs for software sold to customers	$ 573			$ 573		$ 554
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing of satisfaction	12 months			12 months
Remaining performance obligation, percentage	0.75%			0.75%

Basis of Presentation and Summary of Significant Accounting Policies - Cash and Cash equivalents (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 547	$ 505	$ 398
Restricted Cash and Cash Equivalents, Current, Statement of Financial Position [Extensible Enumeration]	Restricted cash		Restricted cash
Short term restricted cash	$ 6		$ 0
Long term restricted cash	9		11
Funds held for client	0		45
Cash included in settlement processing assets	248		210
Total cash, cash equivalents and restricted cash	$ 810		$ 664

Stock Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30				Six months ended June 30
	2023		2022		2023		2022
Restricted stock units	$	34	$	28	$	62	$	54
Stock options	—		5		2		10
Employee stock purchase plan	2		2		4		5
Stock-based compensation expense	36		35		68		69
Tax benefit	(4)		(4)		(4)		(8)
Stock-based compensation expense (net of tax)	$	32	$	31	$	64	$	61

Schedule of Valuation Assumptions Used To Estimate Fair Value of Stock Options

The table below details the significant assumptions used in determining the fair value of the market-based restricted stock units granted on February 13, 2023:


Dividend yield	—	%
Risk-free interest rate	4.15	%
Expected volatility	55.90	%

Commitments and Contingencies - Warranty Reserve (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance as of January 1	$ 13	$ 19
Accruals for warranties issued	7	9
Settlements (in cash or in kind)	(10)	(13)
Ending balance as of June 30	$ 10	$ 15

Goodwill and Purchased Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The carrying amounts of goodwill by segment as of June 30, 2023 and December 31, 2022 are included in the table below. Foreign currency fluctuations are included within other adjustments.


	December 31, 2022												June 30, 2023
In millions	Goodwill		Accumulated Impairment		Total		Additions		Impairment		Other		Goodwill		Accumulated Impairment		Total

Retail	$	995	$	(34)	$	961	$	—	$	—	$	2	$	997	$	(34)	$	963
Hospitality	288		(23)		265		—		—		1		289		(23)		266
Digital Banking	594		—		594		—		—		—		594		—		594
Payments & Network	1,036		—		1,036		—		—		—		1,036		—		1,036
Self-Service Banking	1,633		(101)		1,532		—		—		1		1,634		(101)		1,533
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,709	$	(169)	$	4,540	$	—	$	—	$	4	$	4,713	$	(169)	$	4,544

(1) Other segment includes the goodwill associated with our Telecommunications & Technology 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)	June 30, 2023				December 31, 2022
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,104	$	(500)	$	1,103	$	(463)
Intellectual property	2 - 8	1,030		(598)		1,030		(558)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	131		(103)		128		(95)
Total identifiable intangible assets		$	2,354	$	(1,290)	$	2,350	$	(1,205)

Schedule of Aggregate Amortization Expense

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


	Three months ended June 30				Six months ended June 30
In millions	2023		2022		2023		2022
Amortization expense	$	43	$	45	$	85	$	86

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


			For the years ended December 31
In millions	Remainder of 2023		2024		2025		2026		2027		2028
Amortization expense	$	87	$	161	$	150	$	139	$	124	$	106

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Derivatives and Hedging Instruments (Tables)

6 Months Ended

Jun. 30, 2023

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
	June 30, 2023
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives not designated as hedging instruments
Interest rate swap contracts	Prepaid and other current assets			$	20	Other current liabilities			$	—
Interest rate swap contracts	Other Assets			2		Other liabilities			(8)
Total interest rate swap contracts		$	2,431	$	22		$	—	$	(8)

Foreign exchange contracts	Prepaid and other current assets			$	1	Other current liabilities			$	(3)
Total foreign exchange contracts		$	276	$	1		$	534	$	(3)
Total derivatives not designated as hedging instruments				$	23				$	(11)


	Fair Values of Derivative Instruments
	December 31, 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	Prepaid and other current assets			$	36	Other current liabilities			$	—
Interest rate swap contracts	Other Assets			27		Other liabilities			—
Total derivatives designated as hedging instruments		$	2,423	$	63		$	—	$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	1	Other current liabilities			$	(2)
Total derivatives not designated as hedging instruments		$	376	$	1		$	373	$	(2)
Total derivatives				$	64				$	(2)

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

The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2023 and 2022 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 June 30, 2023		For the three months ended June 30, 2022		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended June 30, 2023		For the three months ended June 30, 2022
Interest rate contracts	$	35	$	10	Cost of services	$	(19)	$	5
Interest rate contracts	$	—	$	11	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 six months ended June 30, 2023		For the six months ended June 30, 2022		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the six months ended June 30, 2023		For the six months ended June 30, 2022
Interest rate contracts	$	24	$	42	Cost of services	$	(34)	$	6
Interest rate contracts	$	—	$	36	Interest expense	$	(9)	$	—

Derivatives Not Designated as Hedging Instruments


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended June 30				Six months ended June 30
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2023		2022		2023		2022
Foreign exchange contracts	Other income (expense), net	$	(3)	$	(12)	$	(8)	$	(18)
Interest rate contracts	Cost of services	$	14	$	—	$	14	$	—

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The following tables show the impact of the Company's cash flow hedge accounting relationships on the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2023 and 2022.


	Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the three months ended June 30:
In millions	Cost of Services				Interest Expense
	2023		2022			2023		2022
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	970	$	982		$	91	$	67

Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense	$	(19)	$	5		$	(5)	$	—


	Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the six months ended June 30:
In millions	Cost of Services				Interest Expense
	2023		2022			2023		2022
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	1,939	$	1,945		$	174	$	130

Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense	$	(34)	$	6		$	(9)	$	—

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	$ 1,028	$ 1,117
Less: allowance for credit losses	(42)	(34)
Total accounts receivable, net	986	1,083
Trade
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	984	1,056
Other
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts receivable, gross	$ 44	$ 61

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total revenue	$ 1,986	$ 1,997	$ 3,877	$ 3,863
Selling, general and administrative expenses	333	309	625	622
Research and development expenses	57	59	121	124
Total operating expenses	1,838	1,894	3,619	3,727
Income (loss) from operations	148	103	258	136
Interest expense	(91)	(67)	(174)	(130)
Other income (expense), net	(8)	1	(11)	10
Income (loss) from continuing operations before income taxes	49	37	73	16
Income tax expense (benefit)	30	0	44	13
Income (loss) from continuing operations	19	37	29	3
Income (loss) from discontinued operations, net of tax	(1)	6	(1)	5
Net income (loss)	18	43	28	8
Net income (loss) attributable to noncontrolling interests	(1)	2	0	1
Net income (loss) attributable to NCR	19	41	28	7
Amounts attributable to NCR common stockholders:
Income (loss) from continuing operations	20	35	29	2
Series A convertible preferred stock dividends	(4)	(4)	(8)	(8)
Income (loss) from continuing operations attributable to NCR common stockholders	16	31	21	(6)
Income (loss) from discontinued operations, net of tax	(1)	6	(1)	5
Net income (loss) attributable to NCR common stockholders	$ 15	$ 37	$ 20	$ (1)
Income (loss) per common share from continuing operations
Basic (in dollars per share)	$ 0.11	$ 0.23	$ 0.15	$ (0.04)
Diluted (in dollars per share)	0.11	0.22	0.15	(0.04)
Net income (loss) per common share
Basic (in dollars per share)	0.11	0.27	0.14	(0.01)
Diluted (in dollars per share)	$ 0.11	$ 0.26	$ 0.14	$ (0.01)
Weighted average common shares outstanding
Basic (in shares)	140.4	136.6	140.0	136.2
Diluted (in shares)	141.9	140.8	142.0	136.2
Product
Total revenue	$ 576	$ 614	$ 1,097	$ 1,130
Cost of revenue	478	544	934	1,036
Services
Total revenue	1,410	1,383	2,780	2,733
Cost of revenue	$ 970	$ 982	$ 1,939	$ 1,945

Debt Obligations

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

DEBT OBLIGATIONS

5. DEBT OBLIGATIONS

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


		June 30, 2023			December 31, 2022
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)		$	101	7.54%	$	100	6.54%
Other (1)		4		7.24%	4		7.05%
	Total short-term borrowings	$	105		$	104
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,726	7.63%	$	1,778	6.69%
	Revolving credit facility (1)	328		7.38%	523		6.79%
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		(45)			(49)
Other (1)		7		7.19%	9		7.1%
	Total long-term debt	$	5,316		$	5,561

(1) Interest rates are weighted-average interest rates as of June 30, 2023 and December 31, 2022.

Senior Secured Credit Facility The Company is party to a Senior Secured Credit Facility, as amended, 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 June 30, 2023, the term loan facilities (the TLA Facility and the TLB Facility) under the Senior Secured Credit Facility have an aggregate principal amount of $2.055 billion, of which $1.827 billion remained outstanding. Additionally, as of June 30, 2023, there was $328 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 June 30, 2023, outstanding letters of credit were $29 million. Our borrowing capacity under our Revolving Credit Facility was $943 million at June 30, 2023.

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 certain of the Company's domestic material subsidiaries (including the Guarantor Subsidiary and the Cardtronics Guarantors that joined as guarantors on October 14, 2021), 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. These covenants are subject to significant exceptions and qualifications. For example, if these notes are assigned an “investment grade” rating by Moody's or S&P and no default has occurred or is continuing, certain covenants will be terminated.

Other Debt In December 2022, the Company entered into a borrowing agreement with Banc of America Leasing & Capital, LLC to direct funds to NCR in exchange for installment repayments and for security interest in ATM equipment in corresponding ATM-as-a-Service ("ATMaaS") contracts. The total amount available under the financing program is $20 million with repayment terms up to four years. As of June 30, 2023 total debt outstanding under the financing program was $11 million with a weighted average interest rate of 7.20% and a weighted average term of 3.3 years. As of December 31, 2022, total debt outstanding was $12 million with a weighted average interest rate of 7.21% and a weighted average term of 3.7 years.

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 June 30, 2023 and December 31, 2022 was $5.18 billion and $5.25 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Debt Obligations - Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term borrowings	$ 105	$ 104
Long-term debt	5,316	5,561
Deferred financing fees	(45)	(49)
Term loan facility
Debt Instrument [Line Items]
Long-term debt	$ 1,726	$ 1,778
Weighted-average interest rate on long-term debt	7.63%	6.69%
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 328	$ 523
Weighted-average interest rate on long-term debt	7.38%	6.79%
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	$ 7	$ 9
Weighted-average interest rate on long-term debt	7.19%	7.10%
Term loan facility
Debt Instrument [Line Items]
Current portion of Senior Secured Credit Facility	$ 101	$ 100
Weighted-average interest rate on short term debt	7.54%	6.54%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 4	$ 4
Weighted-average interest rate on short term debt	7.24%	7.05%

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
	Feb. 13, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in dollars per share)	$ 35.04
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)		0.3	0.2
Discounted price per share of stocks purchased by employees (in dollar per share)		$ 19.93	$ 26.44
Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	35.09
Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value (in dollars per share)	$ 41.77
Performance Shares \| Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	50.00%
Vesting period of awards granted	1 year
Weighted average closing stock price per day volume	20 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value assumptions, expected term				3 years
Unrecognized compensation cost related to unvested awards		$ 198		$ 198
Weighted average period to recognized compensation cost related to unvested awards				1 year 1 month 6 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards		$ 0		$ 0

Earnings Per Share - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Income (loss) from continuing operations	$ 20	$ 35	$ 29	$ 2
Dividends on Series A Convertible Preferred Stock	(4)	(4)	(8)	(8)
Income (loss) from continuing operations attributable to NCR common stockholders	16	31	21	(6)
Income from discontinued operations, net of tax	(1)	6	(1)	5
Net income (loss) attributable to NCR common stockholders	$ 15	$ 37	$ 20	$ (1)
Denominator:
Weighted average outstanding shares of common stock (in shares)	140.4	136.6	140.0	136.2
Dilutive effect of restricted stock units (in shares)	1.5	4.2	2.0	0.0
Weighted average diluted shares (in shares)	141.9	140.8	142.0	136.2
Diluted earnings per share:
From continuing operations (in dollars per share)	$ 0.11	$ 0.22	$ 0.15	$ (0.04)
From discontinued operations (in dollars per share)	0	0.04	(0.01)	0.03
Total diluted earnings (loss) per share (in dollars per share)	$ 0.11	$ 0.26	$ 0.14	$ (0.01)

Earnings Per Share

6 Months Ended

Jun. 30, 2023

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 June 30				Six months ended June 30
	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	20	$	35	$	29	$	2
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(8)		(8)

Income (loss) from continuing operations attributable to NCR common stockholders	16		31		21		(6)
Income (loss) from discontinued operations, net of tax	(1)		6		(1)		5
Net income (loss) attributable to NCR common stockholders	$	15	$	37	$	20	$	(1)

Denominator:
Basic weighted average number of shares outstanding	140.4		136.6		140.0		136.2

Basic earnings per share:
From continuing operations	$	0.11	$	0.23	$	0.15	$	(0.04)
From discontinued operations	—		0.04		(0.01)		0.03
Total basic earnings per share	$	0.11	$	0.27	$	0.14	$	(0.01)

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	20	$	35	$	29	$	2
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(8)		(8)

Income (loss) from continuing operations attributable to NCR common stockholders	16		31		21		(6)
Income from discontinued operations, net of tax	(1)		6		(1)		5
Net income (loss) attributable to NCR common stockholders	$	15	$	37	$	20	$	(1)

Denominator:
Basic weighted average number of shares outstanding	140.4		136.6		140.0		136.2


Dilutive effect of restricted stock units and stock options	1.5		4.2		2.0		—
Weighted average diluted shares	141.9		140.8		142.0		136.2

Diluted earnings per share:
From continuing operations	$	0.11	$	0.22	$	0.15	$	(0.04)
From discontinued operations	—		0.04		(0.01)		0.03
Total diluted earnings per share	$	0.11	$	0.26	$	0.14	$	(0.01)

For the three months ended June 30, 2023, 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 12.7 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the three months ended June 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 7.4 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the six months ended June 30, 2023, 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 six months ended June 30, 2023, weighted average restricted stock units and stock options of 12.7 million were excluded from the diluted share count because their effect would have been anti-dilutive.

For the six months ended June 30, 2022, due to the net loss from continuing operations attributable to NCR common stockholders, potential common shares that would cause dilution, such as the Series A Convertible Preferred Stock, restricted stock units and stock options, have been excluded from the diluted share count because their effect would have been anti-dilutive. The weighted average outstanding shares of common stock were not adjusted by 9.2 million for the as-if converted Series A Preferred Stock because their effect would have been anti-dilutive. For the six months ended June 30, 2022, weighted average restricted stock units and stock options of 11.4 million were excluded from the diluted share count because their effect would have been anti-dilutive.

Commitments and Contingencies - Loss Contingencies (Details) $ in Millions	Oct. 27, 2022 USD ($)	Mar. 29, 2018 USD ($) company	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2013 company	Dec. 31, 2010 defendant affiliateCorporation	Nov. 30, 2010 company
Loss Contingencies [Line Items]
Ebina waste disposal percentage; low concentration			96.00%
Ebina waste disposal percentage; high concentration			75.00%
Fox River
Loss Contingencies [Line Items]
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			0.0	0.0
Net loss contingency accrual			22.0	22.0
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			88.0	90.0
Ebina
Loss Contingencies [Line Items]
Loss contingency accrual			3.0	$ 7.0
Cloud of Change LLC
Loss Contingencies [Line Items]
Ruling against the Company	$ 13.0
Loss contingency, range of possible loss			13.0
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%
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			$ 155.0

Segment Information and Concentrations - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting [Abstract]
Russia	$ 0	$ 3	$ 0	$ 22

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Inventory, Net [Abstract]
Work in process and raw materials	$ 72	$ 107
Finished goods	223	252
Service parts	414	413
Total inventories	$ 709	$ 772

Segment Information and Concentrations (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30				Six months ended June 30
	2023		2022		2023		2022
Revenue by segment
Retail	$	576	$	562	$	1,128	$	1,108
Hospitality	235		238		458		449
Digital Banking	140		131		276		267
Payments & Network	333		332		656		631
Self-Service Banking	661		679		1,274		1,290
Total segment revenue	$	1,945	$	1,942	$	3,792	$	3,745
Other (1)	54		61		108		129
Eliminations	(13)		(12)		(23)		(20)
Other adjustment (2)	—		6		—		9
Consolidated revenue	$	1,986	$	1,997	$	3,877	$	3,863

Adjusted EBITDA by segment
Retail	$	123	$	104	$	220	$	171
Hospitality	60		46		113		87
Digital Banking	53		56		102		112
Payments & Network	99		97		182		195
Self-Service Banking	169		142		307		254
Segment Adjusted EBITDA	$	504	$	445	$	924	$	819

(1) Other immaterial business operations that do not represent a reportable segment.

The following table reconciles Segment Adjusted EBITDA to Net income (loss) from continuing operations attributable to NCR:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Segment Adjusted EBITDA	$	504	$	445	$	924	$	819
Less unallocated amounts:
Corporate and other income and expenses not allocated to reportable segments	106		98		216		195
Eliminations	9		8		17		14
Transformation and restructuring costs (1)	(1)		49		(1)		76
Acquisition-related amortization of intangibles	43		45		85		86
Acquisition-related costs (2)	1		3		1		8

Interest expense	91		67		174		130
Interest income	(3)		(2)		(6)		(3)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	109		104		215		207
Income tax expense (benefit)	30		—		44		13
Stock-based compensation expense	36		35		68		69
Separation costs (3)	52		—		71		—
Cyber ransomware incident recovery costs (4)	11		—		11		—
Russia	—		3		—		22
Net income (loss) from continuing operations attributable to NCR	$	20	$	35	$	29	$	2

(1) Represents integration, severance, and other exit and disposal costs, which are considered non-operational in nature.

(2) Represents professional fees, retention bonuses, and other costs incurred related to acquisitions, which are considered non-operational in nature.

(3) Represents professional fees specific to separation preparation including separation management, organizational design, and legal fees.

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 June 30				Six months ended June 30
	2023		2022		2023		2022
United States	$	1,121	$	1,075	$	2,214	$	2,073
Americas (excluding United States)	199		201		381		384
Europe, Middle East and Africa	446		498		858		964
Asia Pacific	220		223		424		442
Total revenue	$	1,986	$	1,997	$	3,877	$	3,863

Schedule of Revenues from Products and Services

The following table presents the recurring revenue for NCR:


In millions	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Recurring revenue (1)	$	1,262	$	1,217	$	2,491	$	2,396
All other products and services	724		780		1,386		1,467
Total revenue	$	1,986	$	1,997	$	3,877	$	3,863

Goodwill and Purchased Intangible Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,354	$ 2,350
Accumulated Amortization	(1,290)	(1,205)
Reseller & customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,104	1,103
Accumulated Amortization	$ (500)	(463)
Reseller & customer relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Amortization Period (in Years)	1 year
Reseller & 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	$ 1,030	1,030
Accumulated Amortization	$ (598)	(558)
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	131	128
Accumulated Amortization	$ (103)	$ (95)
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

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXESIncome 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 $30 million for the three months ended June 30, 2023 compared to income tax expense of approximately zero for the three months ended June 30, 2022. The change was primarily driven by discrete tax expenses and benefits and higher income before taxes in the three months ended June 30, 2023, compared to the prior year. In the three months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey and a $2 million expense related to interest on uncertain tax benefits. In the three months ended June 30, 2022, the Company recognized a $6 million benefit from provision to return adjustments and a $7 million benefit related to uncertain tax position settlements and statute of limitation lapses.Income tax expense was $44 million for the six months ended June 30, 2023 compared to income tax expense of $13 million for the six months ended June 30, 2022. The change was primarily driven by discrete tax expenses and benefits and higher income before taxes in the six months ended June 30, 2023, compared to the prior year. In the six months ended June 30, 2023, the Company recognized a $2 million expense from recording a valuation allowance against deferred tax assets in Turkey, a $2 million expense related to tax audit settlements, and a $4 million expense related to interest on uncertain tax benefits. In the six months ended June 30, 2022, the Company recognized a $4 million benefit from provision to return adjustments and a $7 million benefit related to uncertain tax position settlements and statute of limitation lapses.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 June 30, 2023, we estimate that it is reasonably possible that gross unrecognized tax benefits may decrease by $3 million to $5 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Goodwill and Purchased Intangible Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 43	$ 45	$ 85	$ 86
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Remainder of 2023	87		87
2024	161		161
2025	150		150
2026	139		139
2027	124		124
2028	$ 106		$ 106

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

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, 2022	$	(404)	$	(5)	$	109	$	(300)
Other comprehensive income (loss) before reclassifications	8		—		17		25
Amounts reclassified from AOCI	—		(2)		(34)		(36)
Net current period other comprehensive (loss) income	8		(2)		(17)		(11)
Balance as of June 30, 2023	$	(396)	$	(7)	$	92	$	(311)

Reclassification out of AOCI

Reclassifications Out of AOCI


		For the three months ended June 30, 2023
		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)		(19)		(21)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(5)		(5)
	Total before tax	$	(1)	$	(1)	$	(24)	$	(26)
	Tax expense							5
	Total reclassifications, net of tax							$	(21)


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


		For the six months ended June 30, 2023
		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	(2)		(1)		(34)		(37)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(9)		(9)
	Total before tax	$	(2)	$	(1)	$	(43)	$	(46)
	Tax expense							10
	Total reclassifications, net of tax							$	(36)


		For the six months ended June 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)		6		5
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—

	Total before tax	$	—	$	(1)	$	6	$	5
	Tax expense							(1)
	Total reclassifications, net of tax							$	4

Basis of Presentation and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2023

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 2022 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, 2022.

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. The current target is to complete the separation in the fourth quarter of 2023.

In connection with the planned separation into two independent, publicly traded companies, the restricted stock units and stock options of certain members of executive management, including our named executive officers, will be converted into restricted stock units and stock options of NCR (RemainCo) and NCR ATMCo (SpinCo) on the same basis as is applicable to our stockholders.

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 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 these 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 stockholders’ equity.

Cyber ransomware incident On April 13, 2023, NCR determined that a single data center outage impacting certain of its commerce customers was caused by a cyber ransomware incident. Upon such determination, NCR immediately started contacting customers, enacted its cybersecurity protocol and engaged outside experts to contain the incident and begin the recovery process. We concluded that this incident is limited to specific functionality in Aloha cloud-based services and Counterpoint. Our investigation also indicated no financial reporting systems were impacted.

We have incurred, and may continue to incur, certain expenses related to this attack, including expenses to respond to, remediate and investigate this matter. During the three months ended June 30, 2023, we recognized $11 million related to this matter in Cost of services and Selling, general and administrative expenses. While the Company’s response to this incident is ongoing, at this time we do not believe such impact of the incident will ultimately have a material adverse effect on our business, results of operations or financial condition; however, we remain subject to risks and uncertainties as a result of the incident. We continue to assess the security event and cannot definitively determine, at this time, the full extent of the impact from such event on our business, results of operations or financial condition or whether such impact will ultimately have a material adverse effect.

Other In the first quarter of 2023, the Company recorded a $10 million out-of-period adjustment to increase operating expenses and an employee-related liability in order to correct for an understatement of such same balances during the fourth quarter of 2022. The Company evaluated the impact of the error and out-of-period adjustment and concluded it was not material to any previously issued interim or annual consolidated financial statements and the adjustment is not expected to be material to the year ending December 31, 2023.

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		June 30
	Balance Sheet Location	2023		2022
Cash and cash equivalents	Cash and cash equivalents	$	547	$	398
Short term restricted cash	Restricted cash	6		—
Long term restricted cash	Other assets	9		11
Funds held for client	Restricted cash	—		45
Cash included in settlement processing assets	Restricted cash	248		210
Total cash, cash equivalents and restricted cash		$	810	$	664

Contract Assets and Liabilities The following table presents the net contract liability balances as of June 30, 2023 and December 31, 2022.


In millions	Location in the Condensed Consolidated Balance Sheet	June 30, 2023		December 31, 2022
Current portion of contract liabilities	Contract liabilities	$	560	$	537
Non-current portion of contract liabilities	Other liabilities	$	51	$	49

During the six months ended June 30, 2023, the Company recognized $265 million in revenue that was included in contract liabilities as of December 31, 2022. During the six months ended June 30, 2022, the Company recognized $309 million in revenue that was included in contract liabilities as of December 31, 2021.

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 June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.9 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.

Capitalized Software Capitalized development costs for internal-use software and software that will be sold, leased or otherwise marketed were $573 million and $554 million as of June 30, 2023 and December 31, 2022, respectively, presented within Other assets on the Condensed Consolidated Balance Sheets.

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements

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 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 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.

Although there are 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 condensed consolidated financial statements.

Accounting Pronouncements Issued But Not Yet Adopted

Although there are 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 condensed consolidated financial statements.

Derivatives and Hedging Instruments

6 Months Ended

Jun. 30, 2023

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.

The Company assesses, both at inception of the hedge and on an ongoing basis, whether derivatives used as hedging instruments are highly effective in offsetting the changes in the fair value or cash flow of the hedged items. If it is determined that a derivative is not highly effective as a hedge or ceases to be highly effective, the Company discontinues hedge accounting prospectively.

Foreign Currency Exchange Risk

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

Our risk management strategy includes hedging, on behalf of certain subsidiaries, a portion of our forecasted, non-functional currency denominated cash flows for a period of up to 15 months. As a result, some of the impact of currency fluctuations on non-functional currency denominated transactions (and hence on subsidiary operating income, as stated in the functional currency), is mitigated in the near term. 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 June 30, 2023 and December 31, 2022, 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 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 had fixed rates ranging from 2.790% to 3.251%, 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. On June 14, 2023, the Company terminated all open interest rate swap contracts for cash proceeds of $71 million. Based on the assessed “reasonably possible” probability of the future separation of the ATM business from NCR, further discussed in Note 1, “Basis of Presentation and Summary of Significant Accounting Policies”, the net derivative-related gains associated with these swaps were deferred into Accumulated other comprehensive income and will be reclassified into earnings from Accumulated other comprehensive income through April 1, 2025, corresponding to the term of the original interest rate swap agreements.

On June 14, 2023, the Company executed new $2.4 billion aggregate notional amount interest rate swap contracts effective June 14, 2023 and terminating on December 31, 2025. These interest rate swap contracts have fixed rates ranging from 4.2395% to 5.2740% and were designed to hedge the floating rate interest associated with the Company's U.S. Dollar and U.K. Pound Sterling vault cash agreements. However, due to the assessed “reasonably possible” probability of the future separation of the ATM business from NCR, the interest rate swap contracts did not qualify for cash flow hedge accounting treatment and are considered ineffective. As a result, changes in the fair value of the interest rate swaps will be recorded to Cost of services in the accompanying Condensed Consolidated Statements of Operations. In the three and six months ended June 30, 2023, the Company recognized a gain of $14 million in Cost of services related to the active interest rate swaps.

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 of June 30, 2023 and December 31, 2022, the balance in AOCI related to Interest Rate Derivatives was $92 million and $109 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
	June 30, 2023
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives not designated as hedging instruments
Interest rate swap contracts	Prepaid and other current assets			$	20	Other current liabilities			$	—
Interest rate swap contracts	Other Assets			2		Other liabilities			(8)
Total interest rate swap contracts		$	2,431	$	22		$	—	$	(8)

Foreign exchange contracts	Prepaid and other current assets			$	1	Other current liabilities			$	(3)
Total foreign exchange contracts		$	276	$	1		$	534	$	(3)
Total derivatives not designated as hedging instruments				$	23				$	(11)


	Fair Values of Derivative Instruments
	December 31, 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	Prepaid and other current assets			$	36	Other current liabilities			$	—
Interest rate swap contracts	Other Assets			27		Other liabilities			—
Total derivatives designated as hedging instruments		$	2,423	$	63		$	—	$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Prepaid and other current assets			$	1	Other current liabilities			$	(2)
Total derivatives not designated as hedging instruments		$	376	$	1		$	373	$	(2)
Total derivatives				$	64				$	(2)


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 June 30, 2023		For the three months ended June 30, 2022		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the three months ended June 30, 2023		For the three months ended June 30, 2022
Interest rate contracts	$	35	$	10	Cost of services	$	(19)	$	5
Interest rate contracts	$	—	$	11	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 six months ended June 30, 2023		For the six months ended June 30, 2022		Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations	For the six months ended June 30, 2023		For the six months ended June 30, 2022
Interest rate contracts	$	24	$	42	Cost of services	$	(34)	$	6
Interest rate contracts	$	—	$	36	Interest expense	$	(9)	$	—


In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended June 30				Six months ended June 30
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2023		2022		2023		2022
Foreign exchange contracts	Other income (expense), net	$	(3)	$	(12)	$	(8)	$	(18)
Interest rate contracts	Cost of services	$	14	$	—	$	14	$	—


	Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the three months ended June 30:
In millions	Cost of Services				Interest Expense
	2023		2022			2023		2022
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	970	$	982		$	91	$	67

Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense	$	(19)	$	5		$	(5)	$	—


	Location and Amount of (Gain) Loss Recognized in Income on Cash Flow Hedging Relationships for the six months ended June 30:
In millions	Cost of Services				Interest Expense
	2023		2022			2023		2022
Total amount of expense presented in the Condensed Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	1,939	$	1,945		$	174	$	130

Amount of (gain) loss reclassified from Accumulated other comprehensive loss, net of expense	$	(34)	$	6		$	(9)	$	—

As of June 30, 2023, the Company expects to reclassify $80 million of net derivative-related gains contained in Accumulated other comprehensive loss into earnings during the next twelve months.

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 June 30, 2023 and December 31, 2022, we did not have any major concentration of credit risk related to financial instruments.

Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30, 2023 and December 31, 2022 are set forth as follows:


	June 30, 2023
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)	$	9	$	9	$	—	$	—
Foreign exchange contracts (2)	1		—		1		—
Interest rate swap agreements (3)	22		—		22		—
Total	$	32	$	9	$	23	$	—
Liabilities:
Interest rate swap agreements (4)	$	8	$	—	$	8	$	—
Foreign exchange contracts (5)	3		—		3		—
Total	$	11	$	—	$	11	$	—


	December 31, 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)	$	16	$	16	$	—	$	—

Foreign exchange contracts (2)	1		—		1		—
Interest rate swap and cap agreements (3)	63		—		63		—
Total	$	80	$	16	$	64	$	—
Liabilities:

Foreign exchange contracts (5)	2		—		2		—
Total	$	2	$	—	$	2	$	—

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

(2) Included in Prepaid and other current assets in the Condensed Consolidated Balance Sheets.

(3) Included in Prepaid and other current assets and Other assets in the Condensed Consolidated Balance Sheets.

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

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

Earnings Per Share - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator:
Income (loss) from continuing operations	$ 20	$ 35	$ 29	$ 2
Series A convertible preferred stock dividends	(4)	(4)	(8)	(8)
Income (loss) from continuing operations attributable to NCR common stockholders	16	31	21	(6)
Income (loss) from discontinued operations, net of tax	(1)	6	(1)	5
Net income (loss) attributable to NCR common stockholders	$ 15	$ 37	$ 20	$ (1)
Denominator:
Weighted average outstanding shares of common stock (in shares)	140.4	136.6	140.0	136.2
Basic earnings per share:
From continuing operations (in dollars per share)	$ 0.11	$ 0.23	$ 0.15	$ (0.04)
From discontinued operations (in dollars per share)	0	0.04	(0.01)	0.03
Total basic earnings (loss) per share (in dollars per share)	$ 0.11	$ 0.27	$ 0.14	$ (0.01)

Series A Convertible Preferred Stock	6 Months Ended
Series A Convertible Preferred Stock	Jun. 30, 2023
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 June 30, 2023 and 2022, the Company paid cash dividends of $4 million. During the six months ended June 30, 2023 and 2022, the Company paid cash dividends of $8 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 June 30, 2023 and December 31, 2022, 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.

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

6 Months Ended

Jun. 30, 2023

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		June 30
	Balance Sheet Location	2023		2022
Cash and cash equivalents	Cash and cash equivalents	$	547	$	398
Short term restricted cash	Restricted cash	6		—
Long term restricted cash	Other assets	9		11
Funds held for client	Restricted cash	—		45
Cash included in settlement processing assets	Restricted cash	248		210
Total cash, cash equivalents and restricted cash		$	810	$	664

Schedule of Net Contract Assets and Contract Liabilities Balances

The following table presents the net contract liability balances as of June 30, 2023 and December 31, 2022.


In millions	Location in the Condensed Consolidated Balance Sheet	June 30, 2023		December 31, 2022
Current portion of contract liabilities	Contract liabilities	$	560	$	537
Non-current portion of contract liabilities	Other liabilities	$	51	$	49

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 42	$ 34
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)	140,400,000	138,000,000.0
Common stock, shares outstanding (in shares)	140,400,000	138,000,000.0

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 23	$ 64
Derivative liabilities, fair value	$ (11)	$ (2)
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, Prepaid and other current assets	Other assets, Prepaid and other current assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other current liabilities, Other liabilities	Other current liabilities, Other liabilities
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount		$ 2,423
Derivative assets, fair value		63
Derivative liability, notional amount		0
Derivative liabilities, fair value		0
Designated as Hedging Instrument \| Interest Rate Swap \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value		36
Designated as Hedging Instrument \| Interest Rate Swap \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value		0
Designated as Hedging Instrument \| Interest Rate Swap \| Other assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value		27
Designated as Hedging Instrument \| Interest Rate Swap \| Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value		0
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount		376
Derivative assets, fair value		1
Derivative liability, notional amount		373
Derivative liabilities, fair value		2
Not Designated as Hedging Instrument \| Interest Rate Swap
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	$ 2,431
Derivative assets, fair value	22
Derivative liability, notional amount	0
Derivative liabilities, fair value	8
Not Designated as Hedging Instrument \| Interest Rate Swap \| Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	20
Not Designated as Hedging Instrument \| Interest Rate Swap \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	0
Not Designated as Hedging Instrument \| Interest Rate Swap \| Other assets
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	2
Not Designated as Hedging Instrument \| Interest Rate Swap \| Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	8
Not Designated as Hedging Instrument \| Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	276
Derivative assets, fair value	1	1
Derivative liability, notional amount	534
Derivative liabilities, fair value	$ 3	$ 2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
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 2022 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, 2022.
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 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 these 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 stockholders’ 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 June 30, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $3.9 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 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 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 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. Although there are 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 condensed consolidated financial statements. Accounting Pronouncements Issued But Not Yet Adopted Although there are 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 condensed consolidated financial statements.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-19

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-18

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-18

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-20

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-20

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (e)
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483426/235-10-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI by Component (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (311)	$ (300)
Other comprehensive income (loss) before reclassifications	25
Amounts reclassified from AOCI	(36)
Net current period other comprehensive (loss) income	(11)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(396)	(404)
Other comprehensive income (loss) before reclassifications	8
Amounts reclassified from AOCI	0
Net current period other comprehensive (loss) income	8
Changes in Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(7)	(5)
Other comprehensive income (loss) before reclassifications	0
Amounts reclassified from AOCI	(2)
Net current period other comprehensive (loss) income	(2)
Effective Cash Flow Hedge Loss (Gain)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	92	$ 109
Other comprehensive income (loss) before reclassifications	17
Amounts reclassified from AOCI	(34)
Net current period other comprehensive (loss) income	$ (17)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Cover Page - shares shares in Millions	6 Months Ended
Cover Page - shares shares in Millions	Jun. 30, 2023	Jul. 21, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-00395
Entity Registrant Name	NCR CORPORATION
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		140.9
Entity Central Index Key	0000070866
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 18	$ 43	$ 28	$ 8
Currency translation adjustments
Currency translation gains (loss)	4	(53)	8	(79)
Derivatives
Unrealized gains (loss) on derivatives	35	21	24	78
Loss (gains) on derivatives recognized during the period	(24)	5	(43)	6
Less income tax	(5)	(6)	2	(19)
Employee benefit plans
Amortization of prior service cost (benefit)	(1)	0	(1)	(1)
Amortization of actuarial loss (gains)	(1)	0	(2)	0
Less income tax	1	0	1	0
Other comprehensive income (loss)	9	(33)	(11)	(15)
Total comprehensive income (loss)	27	10	17	(7)
Less comprehensive income (loss) attributable to noncontrolling interests:
Net income (loss)	(1)	2	0	1
Currency translation gains (losses)	1	(1)	0	(1)
Amounts attributable to noncontrolling interests	0	1	0	0
Comprehensive income (loss) attributable to NCR	$ 27	$ 9	$ 17	$ (7)

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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 June 30				Six months ended June 30
	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	20	$	35	$	29	$	2
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(8)		(8)

Income (loss) from continuing operations attributable to NCR common stockholders	16		31		21		(6)
Income (loss) from discontinued operations, net of tax	(1)		6		(1)		5
Net income (loss) attributable to NCR common stockholders	$	15	$	37	$	20	$	(1)

Denominator:
Basic weighted average number of shares outstanding	140.4		136.6		140.0		136.2

Basic earnings per share:
From continuing operations	$	0.11	$	0.23	$	0.15	$	(0.04)
From discontinued operations	—		0.04		(0.01)		0.03
Total basic earnings per share	$	0.11	$	0.27	$	0.14	$	(0.01)

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended June 30				Six months ended June 30
	2023		2022		2023		2022
Numerator:
Income (loss) from continuing operations	$	20	$	35	$	29	$	2
Dividends on Series A Convertible Preferred Stock	(4)		(4)		(8)		(8)

Income (loss) from continuing operations attributable to NCR common stockholders	16		31		21		(6)
Income from discontinued operations, net of tax	(1)		6		(1)		5
Net income (loss) attributable to NCR common stockholders	$	15	$	37	$	20	$	(1)

Denominator:
Basic weighted average number of shares outstanding	140.4		136.6		140.0		136.2


Dilutive effect of restricted stock units and stock options	1.5		4.2		2.0		—
Weighted average diluted shares	141.9		140.8		142.0		136.2

Diluted earnings per share:
From continuing operations	$	0.11	$	0.22	$	0.15	$	(0.04)
From discontinued operations	—		0.04		(0.01)		0.03
Total diluted earnings per share	$	0.11	$	0.26	$	0.14	$	(0.01)

Supplemental Financial Information - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Supplemental Financial Information [Abstract]
Allowance for credit losses	$ 42		$ 42		$ 34
Provision for other credit losses	4	$ 4	8	$ 8
Allowance for credit loss, recovery	$ 1
Allowance for credit loss, writeoff		$ 4	$ 0	$ 6

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,986	$ 1,997	$ 3,877	$ 3,863
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,121	1,075	2,214	2,073
Americas (excluding United States)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	199	201	381	384
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	446	498	858	964
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 220	$ 223	$ 424	$ 442

- Definition

+ References

+ Details

Trade Receivables Facility (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2021
Receivables [Abstract]
Trade receivables securitization facility, term			2 years
Accounts receivable sales agreement amount	$ 300.0
Accounts receivable, sale	268.0	$ 300.0
Trade receivables securitization facility, collateral at period end	301.0	$ 321.0
Payments to PNC and other unaffiliated purchasers	76.0
Proceeds from receivables sold	$ 33.0

Employee Benefit Plans

6 Months Ended

Jun. 30, 2023

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 June 30 were as follows:


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	18		10		7		3		25		13
Expected return on plan assets	(16)		(16)		(9)		(7)		(25)		(23)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	2	$	(6)	$	(1)	$	(3)	$	1	$	(9)

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


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	2	$	2	$	2	$	2
Interest cost	36		20		14		6		50		26
Expected return on plan assets	(33)		(33)		(17)		(14)		(50)		(47)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	3	$	(13)	$	(1)	$	(6)	$	2	$	(19)

Net postretirement benefit was zero for the three and six months ending June 30, 2023 and 2022.

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


	Three months ended June 30				Six months ended June 30
In millions	2023		2022		2023		2022
Net service cost	$	3	$	36	$	6	$	49
Interest cost	2		—		3		1
Amortization of:
Prior service benefit	(1)		—		(1)		(1)
Actuarial gain	(1)		—		(2)		—
Net benefit cost	$	3	$	36	$	6	$	49

Employer Contributions

Pension For the three and six months ended June 30, 2023, NCR contributed $4 million and $8 million respectively, to its international pension plans. NCR anticipates contributing an additional $12 million to its international pension plans for a total of $20 million in 2023.

Postretirement For the three and six months ended June 30, 2023, NCR made no contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $2 million to its U.S. postretirement plan for a total of $2 million in 2023.

Postemployment For the three and six months ended June 30, 2023, NCR contributed $10 million and $24 million respectively, to its postemployment plan. NCR anticipates contributing an additional $51 million to its postemployment plan for a total of $75 million in 2023.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details