0000070866-22-000018 | 8-K/A | XBRL Viewer

Cover	Apr. 13, 2022
Cover [Abstract]
Entity Registrant Name	NCR CORP
Document Type	8-K/A
Amendment Flag	true
Document Period End Date	Apr. 13, 2022
Entity File Number	001-00395
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
Local Phone Number	445-1936
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	NCR
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
City Area Code	937
Entity Central Index Key	0000070866
Amendment Description	Explanatory Note

Segment Reporting

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting Disclosure

Historical Segment Information (Unaudited)

The following is selected, recast segment financial data reflecting our new segment structure for the years ended December 31, 2021 and 2020 and for interim periods of 2021 and 2020.


	2021										2020
(in millions)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year		First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
Revenue by segment
Payments & Network	$	22	$	54	$	304	$	295	$	675	$	20	$	20	$	23	$	22	$	85
Digital Banking	123		129		128		133		513		116		120		118		118		472
Self-Service Banking	628		645		637		707		2,617		641		637		653		671		2,602
Retail	520		562		541		608		2,231		461		470		542		557		2,030
Hospitality	179		215		224		231		849		170		160		173		183		686
Corporate and Other	77		77		75		68		297		99		79		83		85		346
Eliminations	(5)		(5)		(8)		(8)		(26)		(4)		(2)		(3)		(5)		(14)
Consolidated Revenue	$	1,544	$	1,677	$	1,901	$	2,034	$	7,156	$	1,503	$	1,484	$	1,589	$	1,631	$	6,207

Adjusted EBITDA by segment
Payments & Network	$	3	$	19	$	111	$	105	$	238	$	2	$	1	$	6	$	6	$	15
Digital Banking	54		55		52		52		213		58		53		60		55		226
Self-Service Banking	137		140		155		148		580		117		111		154		141		523
Retail	98		121		104		119		442		61		73		129		127		390
Hospitality	36		39		44		39		158		10		25		37		43		115
Corporate and Other	(67)		(89)		(109)		(104)		(369)		(59)		(61)		(135)		(111)		(366)
Eliminations	(3)		(4)		(5)		(6)		(18)		(1)		(1)		(2)		(3)		(7)
Total Adjusted EBITDA	$	258	$	281	$	352	$	353	$	1,244	$	188	$	201	$	249	$	258	$	896

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

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

+ Details

Reconciliation Text Block List

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Other Operating Income and Expense

Reconciliation of Net Income from Continuing Operations Attributable to NCR (GAAP) to Earnings Before Interest, Depreciation, Taxes and Amortization (Adjusted EBITDA) (Unaudited)


	2021										2020
$ in millions	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year		First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
Net Income (Loss) from Continuing Operations Attributable to NCR (GAAP)	$	30	$	(9)	$	12	$	64	$	97	$	23	$	64	$	31	$	(125)	$	(7)
Pension mark-to-market adjustment	—		—		—		(118)		(118)		—		—		—		34		34
Transformation and restructuring costs	8		7		5		46		66		5		8		19		202		234
Acquisition-related amortization of intangibles	20		23		45		44		132		22		19		21		19		81
Acquisition-related costs	27		56		9		6		98		—		—		—		(6)		(6)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	70		76		104		107		357		63		68		70		74		275
Loss on Debt Extinguishment	—		—		42		—		42		—		—		20		—		20
Interest expense	45		61		68		64		238		50		57		60		51		218
Interest income	(3)		(1)		—		(4)		(8)		(1)		(1)		(3)		(3)		(8)

Income tax expense (benefit)	17		31		29		109		186		1		(34)		—		(20)		(53)
Stock-based compensation expense	44		37		38		35		154		25		20		31		32		108
Adjusted EBITDA (Non-GAAP)	$	258	$	281	$	352	$	353	$	1,244	$	188	$	201	$	249	$	258	$	896

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Revenue and Adjusted EBITDA

Historical Segment Information (Unaudited)

The following is selected, recast segment financial data reflecting our new segment structure for the years ended December 31, 2021 and 2020 and for interim periods of 2021 and 2020.


	2021										2020
(in millions)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year		First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
Revenue by segment
Payments & Network	$	22	$	54	$	304	$	295	$	675	$	20	$	20	$	23	$	22	$	85
Digital Banking	123		129		128		133		513		116		120		118		118		472
Self-Service Banking	628		645		637		707		2,617		641		637		653		671		2,602
Retail	520		562		541		608		2,231		461		470		542		557		2,030
Hospitality	179		215		224		231		849		170		160		173		183		686
Corporate and Other	77		77		75		68		297		99		79		83		85		346
Eliminations	(5)		(5)		(8)		(8)		(26)		(4)		(2)		(3)		(5)		(14)
Consolidated Revenue	$	1,544	$	1,677	$	1,901	$	2,034	$	7,156	$	1,503	$	1,484	$	1,589	$	1,631	$	6,207

Adjusted EBITDA by segment
Payments & Network	$	3	$	19	$	111	$	105	$	238	$	2	$	1	$	6	$	6	$	15
Digital Banking	54		55		52		52		213		58		53		60		55		226
Self-Service Banking	137		140		155		148		580		117		111		154		141		523
Retail	98		121		104		119		442		61		73		129		127		390
Hospitality	36		39		44		39		158		10		25		37		43		115
Corporate and Other	(67)		(89)		(109)		(104)		(369)		(59)		(61)		(135)		(111)		(366)
Eliminations	(3)		(4)		(5)		(6)		(18)		(1)		(1)		(2)		(3)		(7)
Total Adjusted EBITDA	$	258	$	281	$	352	$	353	$	1,244	$	188	$	201	$	249	$	258	$	896

Reconciliation Table List (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

other operating income and expense

Reconciliation of Net Income from Continuing Operations Attributable to NCR (GAAP) to Earnings Before Interest, Depreciation, Taxes and Amortization (Adjusted EBITDA) (Unaudited)


	2021										2020
$ in millions	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year		First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Full Year
Net Income (Loss) from Continuing Operations Attributable to NCR (GAAP)	$	30	$	(9)	$	12	$	64	$	97	$	23	$	64	$	31	$	(125)	$	(7)
Pension mark-to-market adjustment	—		—		—		(118)		(118)		—		—		—		34		34
Transformation and restructuring costs	8		7		5		46		66		5		8		19		202		234
Acquisition-related amortization of intangibles	20		23		45		44		132		22		19		21		19		81
Acquisition-related costs	27		56		9		6		98		—		—		—		(6)		(6)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	70		76		104		107		357		63		68		70		74		275
Loss on Debt Extinguishment	—		—		42		—		42		—		—		20		—		20
Interest expense	45		61		68		64		238		50		57		60		51		218
Interest income	(3)		(1)		—		(4)		(8)		(1)		(1)		(3)		(3)		(8)

Income tax expense (benefit)	17		31		29		109		186		1		(34)		—		(20)		(53)
Stock-based compensation expense	44		37		38		35		154		25		20		31		32		108
Adjusted EBITDA (Non-GAAP)	$	258	$	281	$	352	$	353	$	1,244	$	188	$	201	$	249	$	258	$	896

Segment Reporting (Details) - USD ($)	3 Months Ended								12 Months Ended
Segment Reporting (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,034,000,000	$ 1,901,000,000	$ 1,677,000,000	$ 1,544,000,000	$ 1,631,000,000	$ 1,589,000,000	$ 1,484,000,000	$ 1,503,000,000	$ 7,156,000,000	$ 6,207,000,000
Total Adjusted EBITDA	353,000,000	352,000,000	281,000,000	258,000,000	258,000,000	249,000,000	201,000,000	188,000,000	1,244,000,000	896,000,000
Payments and Network
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	295,000,000	304,000,000	54,000,000	22,000,000	22,000,000	23,000,000	20,000,000	20,000,000	675,000,000	85,000,000
Total Adjusted EBITDA	105,000,000	111,000,000	19,000,000	3,000,000	6,000,000	6,000,000	1,000,000	2,000,000	238,000,000	15,000,000
Digital Banking
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	133,000,000	128,000,000	129,000,000	123,000,000	118,000,000	118,000,000	120,000,000	116,000,000	513,000,000	472,000,000
Total Adjusted EBITDA	52,000,000	52,000,000	55,000,000	54,000,000	55,000,000	60,000,000	53,000,000	58,000,000	213,000,000	226,000,000
Self-Service Banking
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	707,000,000	637,000,000	645,000,000	628,000,000	671,000,000	653,000,000	637,000,000	641,000,000	2,617,000,000	2,602,000,000
Total Adjusted EBITDA	148,000,000	155,000,000	140,000,000	137,000,000	141,000,000	154,000,000	111,000,000	117,000,000	580,000,000	523,000,000
Retail Revenue
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	608,000,000	541,000,000	562,000,000	520,000,000	557,000,000	542,000,000	470,000,000	461,000,000	2,231,000,000	2,030,000,000
Total Adjusted EBITDA	119,000,000	104,000,000	121,000,000	98,000,000	127,000,000	129,000,000	73,000,000	61,000,000	442,000,000	390,000,000
Hospitality
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	231,000,000	224,000,000	215,000,000	179,000,000	183,000,000	173,000,000	160,000,000	170,000,000	849,000,000	686,000,000
Total Adjusted EBITDA	39,000,000	44,000,000	39,000,000	36,000,000	43,000,000	37,000,000	25,000,000	10,000,000	158,000,000	115,000,000
Corporate and Other
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	68,000,000	75,000,000	77,000,000	77,000,000	85,000,000	83,000,000	79,000,000	99,000,000	297,000,000	346,000,000
Total Adjusted EBITDA	(104,000,000)	(109,000,000)	(89,000,000)	(67,000,000)	(111,000,000)	(135,000,000)	(61,000,000)	(59,000,000)	(369,000,000)	(366,000,000)
Eliminations
Schedule of Segment Revenue and Adjusted EBITDA [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	(8,000,000)	(8,000,000)	(5,000,000)	(5,000,000)	(5,000,000)	(3,000,000)	(2,000,000)	(4,000,000)	(26,000,000)	(14,000,000)
Total Adjusted EBITDA	$ (6,000,000)	$ (5,000,000)	$ (4,000,000)	$ (3,000,000)	$ (3,000,000)	$ (2,000,000)	$ (1,000,000)	$ (1,000,000)	$ (18,000,000)	$ (7,000,000)

Reconciliation Details List (Details) - USD ($)	3 Months Ended								12 Months Ended
Reconciliation Details List (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
GAAP
Reconciliation of Net Income (Loss) from Continuing Operations Attributable to NCR (GAAP) to Adjusted EBITDA (Non-GAAP) [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 64,000,000	$ 12,000,000	$ (9,000,000)	$ 30,000,000	$ (125,000,000)	$ 31,000,000	$ 64,000,000	$ 23,000,000	$ 97,000,000	$ (7,000,000)
Pension mark-to-market adjustment	(118,000,000)	0	0	0	34,000,000	0	0	0	(118,000,000)	34,000,000
Restructuring Charges	46,000,000	5,000,000	7,000,000	8,000,000	202,000,000	19,000,000	8,000,000	5,000,000	66,000,000	234,000,000
Amortization	44,000,000	45,000,000	23,000,000	20,000,000	19,000,000	21,000,000	19,000,000	22,000,000	132,000,000	81,000,000
Business Combination, Acquisition Related Costs	(6,000,000)	(9,000,000)	(56,000,000)	(27,000,000)	(6,000,000)	0	0	0	(98,000,000)	(6,000,000)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	107,000,000	104,000,000	76,000,000	70,000,000	74,000,000	70,000,000	68,000,000	63,000,000	357,000,000	275,000,000
Gain (Loss) on Extinguishment of Debt	0	42,000,000	0	0	0	20,000,000	0	0	42,000,000	20,000,000
Interest Expense	64,000,000	68,000,000	61,000,000	45,000,000	51,000,000	60,000,000	57,000,000	50,000,000	238,000,000	218,000,000
Interest Income, Other	(4,000,000)	0	(1,000,000)	(3,000,000)	(3,000,000)	(3,000,000)	(1,000,000)	(1,000,000)	(8,000,000)	(8,000,000)
Income Tax Expense (Benefit)	109,000,000	29,000,000	31,000,000	17,000,000	(20,000,000)	0	(34,000,000)	1,000,000	186,000,000	(53,000,000)
Stock-based compensation expense	35,000,000	38,000,000	37,000,000	44,000,000	32,000,000	31,000,000	20,000,000	25,000,000	154,000,000	108,000,000
Non-GAAP
Reconciliation of Net Income (Loss) from Continuing Operations Attributable to NCR (GAAP) to Adjusted EBITDA (Non-GAAP) [Line Items]
Adjusted EBITDA	$ 353,000,000	$ 352,000,000	$ 281,000,000	$ 258,000,000	$ 258,000,000	$ 249,000,000	$ 201,000,000	$ 188,000,000	$ 1,244,000,000	$ 896,000,000

Print Document View Excel Document
Cover Cover Segment Reporting Reconciliation Text Block List Notes Tables Segment Reporting (Tables) Reconciliation Table List (Tables) Notes Details Segment Reporting (Details) Reconciliation Details List (Details) All Reports