0000070866-22-000026 | 10-Q | XBRL Viewer

Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2022

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

Assets and liabilities recorded at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 are set forth as follows:


	March 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)	$	17	$	17	$	—	$	—
Foreign exchange contracts (2)	1		—		1		—
Interest rate swap agreements (3)	23		—		23		—
Total	$	41	$	17	$	24	$	—
Liabilities:
Interest rate swap agreements (4)	$	13	$	—	$	13	$	—
Foreign exchange contracts (4)	3		—		3		—
Total	$	16	$	—	$	16	$	—


	December 31, 2021
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	17	$	17	$	—	$	—

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

Foreign exchange contracts (4)	$	1	$	—	$	1	$	—
Total	$	1	$	—	$	1	$	—

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

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

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

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

Business Combinations

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Mergers, Acquisitions and Dispositions Disclosures

2. BUSINESS COMBINATIONS

Acquisition of LibertyX

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

by the exchange ratio, and vested immediately. The value of the option awards was deemed attributable to services already rendered and was included as a portion of the purchase price. Total purchase consideration for the LibertyX acquisition was approximately $69 million. As a result of the acquisition, LibertyX became a wholly-owned subsidiary of NCR.

Recording of Assets Acquired and Liabilities Assumed The fair value of consideration transferred was allocated to the identifiable assets acquired and liabilities assumed based upon their estimated fair values as of the date of the acquisition as set forth below. The provisional amounts for intangible assets are based on third-party valuations performed. The allocation of the purchase price is provisional as of March 31, 2022 and may be subject to future adjustments, within the measurement period, as the Company obtains additional information to finalize the accounting for the business combination, including additional refinement to finalize valuations, among other items. The preliminary allocation of the purchase price is as follows:


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

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

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


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

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

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

Acquisition of Cardtronics plc (2021)

On June 21, 2021, NCR acquired all outstanding shares of Cardtronics plc (“Cardtronics”) for $39.00 per share (the “Cardtronics Transaction”). The fair value of consideration transferred to acquire Cardtronics was allocated to the identifiable assets acquired and liabilities assumed based upon their estimated fair values as of the date of the acquisition. The valuation of assets acquired and liabilities assumed is subject to revision. If additional information becomes available, the Company may further revise the purchase price allocation as soon as practical, but no later than one year from the acquisition date; however, material changes are not excepted. There have been no material adjustments to the allocation of purchase price since December 31, 2021.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income (loss)	$ (35)	$ 31
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1	0
Depreciation and amortization	147	92
Stock-based compensation expense	34	44
Deferred income taxes	4	7
Loss (gain) on disposal of property, plant and equipment	2	0
Changes in assets and liabilities, net of effects of business acquired:
Receivables	(129)	(91)
Inventories	(77)	(17)
Current payables and accrued expenses	(63)	34
Contract liabilities	105	74
Employee benefit plans	(8)	(10)
Other assets and liabilities	57	(9)
Net cash provided by operating activities	38	155
Investing activities
Expenditures for property, plant and equipment	(15)	(10)
Additions to capitalized software	(65)	(51)
Business acquisitions, net of cash acquired	(1)	(157)
Purchases of investments	0	(5)
Proceeds from sales of investments	0	5
Payments for (Proceeds from) Other Investing Activities	5	0
Net Cash Provided by (Used in) Investing Activities	(86)	(218)
Financing activities
Short term borrowings, net	2	0
Payments on term credit facilities	(2)	(8)
Payments on revolving credit facilities	(279)	(318)
Borrowings on revolving credit facilities	312	448
Payments of Debt Issuance Costs	0	(1)
Series A Convertible Preferred Stock cash payments	(4)	(4)
Proceeds from employee stock plans	6	8
Tax withholding payments on behalf of employees	(36)	(22)
Increase (Decrease) in Client Funds Held	6	0
Finance Lease, Principal Payments	(4)	(4)
Proceeds from (Payments for) Other Financing Activities	0	(1)
Net Cash Provided by (Used in) Financing Activities	1	98
Cash flows from discontinued operations
Net cash provided by (used in) operating activities of discontinued operations	(4)	(44)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(6)	(6)
Increase in cash, cash equivalents, and restricted cash	(57)	(15)
Cash, cash equivalents and restricted cash at beginning of period	749	406
Cash, cash equivalents and restricted cash at end of period	$ 692	$ 391

Goodwill and Long-Lived Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

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


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

Payments & Network	$	988	$	—	$	988	$	45	$	—	$	2	$	1,035	$	—	$	1,035
Digital Banking	595		—		595		—		—		1		596		—		596
Self-Service Banking	1,635		(101)		1,534		—		—		4		1,639		(101)		1,538
Retail	1,015		(34)		981		—		—		(1)		1,014		(34)		980
Hospitality	292		(23)		269		—		—		—		292		(23)		269
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,688	$	(169)	$	4,519	$	45	$	—	$	6	$	4,739	$	(169)	$	4,570

Schedule of Purchased Intangible Assets

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


	Amortization Period (in Years)	March 31, 2022				December 31, 2021
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,127	$	(409)	$	1,126	$	(391)
Intellectual property	2 - 8	1,041		(495)		1,008		(474)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	130		(85)		130		(83)
Total identifiable intangible assets		$	2,387	$	(1,078)	$	2,353	$	(1,037)

Schedule of Aggregate Amortization Expense

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


			For the years ended December 31
In millions	Remainder of 2022		2023		2024		2025		2026		2027
Amortization expense	$	133	$	174	$	163	$	151	$	141	$	125

Basis of Presentation and Summary of Significant Accounting Policies Cash and Cash equivalents (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounting Policies [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 412	$ 447	$ 319
Restricted Cash Included in Other Assets	7		8
Funds held for clients included in other current assets	54		44
Cash included in settlement processing assets included in other current assets	219		20
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at end of period	692		$ 391
Loss - Conflict in Eastern Europe	$ 19

Series A Convertible Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Dec. 04, 2015	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Temporary Equity, Shares Issued		300,000	300,000
Series A Convertible Preferred Stock
Class of Stock [Line Items]
Dividend rate	5.50%
Dividend rate for preferred shares; accrued but unpaid dividend	8.00%
Dividends, Preferred Stock, Cash		$ 4
Conversion price per share at option of holder (in dollars per share)	$ 30.00
Conversion rate per preferred share (in shares)	33.333
Financial instruments subject to redemption, settlement terms, maximum number of shares (in shares)		9,200,000

Leasing - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash Flow, Lessee [Abstract]
Finance Lease, Principal Payments	$ 4	$ 4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Total Stockholders Equity	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Non-Redeemable Noncontrolling Interests in Subsidiaries
Balance at beginning of period (in shares) at Dec. 31, 2020			129.0
Balance at beginning of period at Dec. 31, 2020		$ 1,051	$ 1	$ 368	$ 950	$ (271)	$ 3
Comprehensive income:
Net income		31			30		1
Other comprehensive income (loss)	$ (8)	(8)				(8)	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Continuing Operations		23			30	(8)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Nonredeemable Noncontrolling Interest							1
Employee stock purchase and stock compensation plans (in shares)			2.0
Employee stock purchase and stock compensation plans		30		30
Series A convertible preferred stock dividends					(4)
Series A convertible preferred stock dividends		(4)
Repurchase of Company common stock (in shares)			0.0
Stock Repurchased During Period, Value		0		0
Balance at end of period (in shares) at Mar. 31, 2021			131.0
Balance at end of period at Mar. 31, 2021		1,100	$ 1	398	976	(279)	4
Balance at beginning of period (in shares) at Dec. 31, 2021			132.0
Balance at beginning of period at Dec. 31, 2021	1,259	1,259	$ 1	515	1,031	(291)	3
Comprehensive income:
Net income		(35)			(34)		(1)
Other comprehensive income (loss)	$ 18	18				18	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Continuing Operations		(17)			(34)	18
Comprehensive Income (Loss), Net of Tax, Including Portion 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
Series A convertible preferred stock dividends		(4)			(4)
Balance at end of period (in shares) at Mar. 31, 2022	136.3		136.0
Balance at end of period at Mar. 31, 2022	$ 1,325	1,325	$ 1	602	$ 993	$ (273)	$ 2
Comprehensive income:
Stock issued in acquisition of LibertyX		$ 68	$ 1	$ 68

Debt Obligations - Senior Unsecured Notes (Details)	Mar. 31, 2022
5.750% Senior Notes due 2027
Debt Instrument [Line Items]
Debt stated interest rate	5.75%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Debt stated interest rate	5.00%
6.125% Senior Notes due 2029
Debt Instrument [Line Items]
Debt stated interest rate	6.125%
5.250% Senior Notes due 2030
Debt Instrument [Line Items]
Debt stated interest rate	5.25%
5.125% Notes
Debt Instrument [Line Items]
Debt stated interest rate	5.125%

Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2022

Supplemental Financial Information [Abstract]

Schedule of Components of Accounts Receivable

The components of accounts receivable are summarized as follows:


In millions	March 31, 2022		December 31, 2021
Accounts receivable
Trade	$	1,049	$	939
Other	48		44
Accounts receivable, gross	1,097		983
Less: allowance for credit losses	(26)		(24)
Total accounts receivable, net	$	1,071	$	959

Schedule of Components of Inventory

The components of inventory are summarized as follows:


In millions	March 31, 2022		December 31, 2021
Inventories
Work in process and raw materials	$	176	$	184
Finished goods	241		185
Service parts	388		385
Total inventories	$	805	$	754

Segment Information and Concentrations - Revenue by Products and Services (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from External Customer [Line Items]
Total revenue	$ 1,866	$ 1,544
Operating Segments
Revenue from External Customer [Line Items]
Total revenue	1,863	1,544
Recurring revenue
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,179	874
All other products and services
Revenue from External Customer [Line Items]
Total revenue	$ 687	$ 670

- 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.

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

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021
Income Tax Contingency [Line Items]
Income tax expense (benefit)	$ 13	$ 17
Minimum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	5
Maximum
Income Tax Contingency [Line Items]
Reasonable possible decrease in unrecognized tax benefits	$ 13

- Definition

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

+ References + Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	7. INCOME TAXES Income tax provisions for interim (quarterly) periods are based on an estimated annual effective income tax rate calculated separately from the effect of significant, infrequent or unusual items. Income tax expense was $13 million for the three months ended March 31, 2022 compared to income tax expense of $17 million for the three months ended March 31, 2021. The change was primarily driven by a pre-tax book loss offset by the removal of tax benefit in certain foreign jurisdictions where the benefit will not be realized. Additionally, during the three months ended March 31, 2022, the Company did not recognize any material discrete tax consistent with the three months ended March 31, 2021. The Company engages in continuous discussions and negotiations with taxing authorities regarding tax matters, and the Company has determined that over the next 12 months it expects to resolve certain tax matters related to U.S. and foreign jurisdictions. As a result, as of March 31, 2022, we estimate that it is reasonably possible that gross unrecognized tax benefits may decrease by $5 million to $13 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.

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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
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-Paragraph 2
-Subparagraph (a)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Earnings Per Share - Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Income (loss) from continuing operations	$ (33,000,000)	$ 30,000,000
Series A convertible preferred stock dividends	(4,000,000)	(4,000,000)
Income (loss) from continuing operations attributable to NCR common stockholders	(37,000,000)	26,000,000
Loss from discontinued operations, net of tax	(1,000,000)	0
Net income (loss) attributable to NCR common stockholders	$ (38,000,000)	$ 26,000,000
Denominator:
Weighted average outstanding shares of common stock (in shares)	135.7	130.0
Basic earnings per share:
From continuing operations (in dollars per share)	$ (0.27)	$ 0.20
From discontinued operations (in dollars per share)	(0.01)	0
Total basic earnings (loss) per share (in dollars per share)	$ (0.28)	$ 0.20

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Total revenue	$ 1,866,000,000	$ 1,544,000,000
Selling, general and administrative expenses	313,000,000	238,000,000
Research and development expenses	65,000,000	66,000,000
Total operating expenses	1,833,000,000	1,434,000,000
Income (loss) from operations	33,000,000	110,000,000
Interest expense	(63,000,000)	(45,000,000)
Other income (expense), net	9,000,000	(17,000,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(21,000,000)	48,000,000
Income tax expense (benefit)	13,000,000	17,000,000
Income (loss) from continuing operations	(34,000,000)	31,000,000
Loss from discontinued operations, net of tax	(1,000,000)	0
Net income (loss)	(35,000,000)	31,000,000
Net income (loss) attributable to noncontrolling interests	(1,000,000)	1,000,000
Net income (loss) attributable to NCR	(34,000,000)	30,000,000
Amounts attributable to NCR common stockholders:
Income (loss) from continuing operations	(33,000,000)	30,000,000
Series A convertible preferred stock dividends	(4,000,000)	(4,000,000)
Income (loss) from continuing operations attributable to NCR common stockholders	(37,000,000)	26,000,000
Loss from discontinued operations, net of tax	(1,000,000)	0
Net income (loss) attributable to NCR common stockholders	$ (38,000,000)	$ 26,000,000
Income (loss) per common share from continuing operations
Basic (in dollars per share)	$ (0.27)	$ 0.20
Diluted (in dollars per share)	(0.27)	0.19
Net income (loss) per common share
Basic (in dollars per share)	(0.28)	0.20
Diluted (in dollars per share)	$ (0.28)	$ 0.19
Weighted average common shares outstanding
Basic (in shares)	135.7	130.0
Diluted (in shares)	135.7	134.7
Product
Total revenue	$ 516,000,000	$ 482,000,000
Cost of revenue	492,000,000	408,000,000
Services
Total revenue	1,350,000,000	1,062,000,000
Cost of revenue	$ 963,000,000	$ 722,000,000

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying Condensed Consolidated Financial Statements have been prepared by NCR Corporation (“NCR”, the “Company”, “we” or “us”) without audit pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2021 year-end Condensed Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). These financial statements should be read in conjunction with NCR’s Form 10-K for the year ended December 31, 2021.
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the period reported. Although our estimates contemplate current and expected future conditions, as applicable, it is reasonably possible that actual conditions could differ from our expectations, which could materially affect our results of operations and financial position. In particular, a number of estimates have been and will continue to be affected by the ongoing variants of the novel coronavirus (COVID-19) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, supply chain challenges and cost escalations including materials, interest, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19 and other external factors. Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets.
Evaluation of Subsequent Events	Evaluation of Subsequent Events The Company evaluated subsequent events through the date that our Condensed Consolidated Financial Statements were issued. No matters were identified that required adjustment to the Condensed Consolidated Financial Statements or additional disclosure other than subsequent events disclosed within the notes to the Condensed Consolidated Financial Statements.
Reclassifications	Reclassifications Certain prior-period amounts have been reclassified in the accompanying Condensed Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation. Reclassifications had no effect on prior year net income or shareholders’ equity.
Remaining Performance Obligations	Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of March 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $4.2 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 which affect the value of remaining performance obligations described above. We do not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the 'right to invoice' practical expedient.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adoption of New Accounting Pronouncements In August 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires an average stock price when calculating the denominator for diluted earnings per share to be used for stock units where the settlement of the number of shares is based on the stock price. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption was permitted no earlier than fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The adoption of this accounting standards update did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options, with new guidance for freestanding equity-classified written call options. The new guidance requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021, with early adoption permitted. The adoption of this accounting standards update did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition. Accounting Pronouncements Issued But Not Yet Adopted In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers. Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The adoption of this accounting standards update is not expected to have a material effect on the Company's net income, cash flows, earnings per share or financial condition. Although there are several other new accounting pronouncements issued by FASB, the Company does not believe any of these accounting pronouncements had or will have a material impact on its consolidated financial statements.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 20
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

+ Details

Stock Compensation Plans (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense for the following periods were:


In millions	Three months ended March 31
	2022		2021
Restricted stock units	$	26	$	36
Stock options	5		6
Employee stock purchase plan	3		2
Stock-based compensation expense	34		44
Tax benefit	(4)		(5)
Stock-based compensation expense (net of tax)	$	30	$	39

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

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



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

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (35)	$ 31
Currency translation adjustments
Currency translation gains (loss)	(26)	(7)
Derivatives
Unrealized gains (loss) on derivatives	57	0
Loss (gains) on derivatives recognized during the period	1	0
Less income tax	(13)	0
Employee benefit plans
Amortization of prior service cost (benefit)	(1)	(1)
Less income tax	0	0
Other comprehensive income (loss)	18	(8)
Total comprehensive income (loss)	(17)	23
Less comprehensive income attributable to noncontrolling interests:
Net income (loss)	(1)	1
Currency translation adjustments	0	0
Amounts attributable to noncontrolling interests	(1)	1
Comprehensive income (loss) attributable to NCR	$ (16)	$ 22

Debt Obligations - Trade Receivables Securitization Facility (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term borrowings	$ 83	$ 57
Trade receivables securitization facility, collateral at period end	$ 326	$ 228

Accumulated Other Comprehensive Income (Loss) (AOCI) - Changes in AOCI by Component (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (273)	$ (291)
Other comprehensive income (loss) before reclassifications	18
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0
Net current period other comprehensive (loss) income	18
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(301)	(275)
Other comprehensive income (loss) before reclassifications	(26)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0
Net current period other comprehensive (loss) income	(26)
Changes in Employee Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(25)	(24)
Other comprehensive income (loss) before reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(1)
Net current period other comprehensive (loss) income	(1)
Changes in Fair Value of Effective Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	53	$ 8
Other comprehensive income (loss) before reclassifications	44
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1
Net current period other comprehensive (loss) income	$ 45

- Definition

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

+ References + Details

Derivatives and Hedging Instruments - Narrative (Details)	3 Months Ended
	Mar. 31, 2022 USD ($) currency	Jan. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,325,000,000		$ 1,259,000,000
Number of functional currencies \| currency	50
Derivative, Notional Amount	$ 2,200,000,000
Derivative, Fixed Interest Rate	1.43%
Maximum period for cash flow hedging activity	15 months
Proceeds from Interest Rate Cap	$ 64,000,000
Minimum
Derivative [Line Items]
Derivative, Average Variable Interest Rate	2.078%
Maximum
Derivative [Line Items]
Derivative, Average Variable Interest Rate	2.443%
Accumulated Other Comprehensive (Loss) Income
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (273,000,000)		(291,000,000)	$ (279,000,000)	$ (271,000,000)
AOCI Attributable to interest rate derivatives
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	53,000,000		8,000,000
Foreign exchange contracts \| Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	0		$ 0
Swap
Derivative [Line Items]
Derivative, Notional Amount		$ 250,000,000
Terminated Interest Rate Cap
Derivative [Line Items]
Derivative, Notional Amount	$ 2,000,000,000

Stock Compensation Plans - Valuation Assumptions Used for Restricted Stock Units with a Market Condition (Details) - Restricted Stock Units	3 Months Ended
	Mar. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions, Volatility Rate Term	3 years
Risk-free interest rate period of U.S. Treasury yield	3 years
Restricted stock units granted February 23, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.73%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	59.26%

Employee Benefit Plans - Postemployment Plan (Details) - Postemployment Retirement Benefits - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Net service cost	$ 13	$ 6
Interest cost	1	1
Amortization of prior service benefit	(1)	(1)
Amortization of actuarial gain	0	0
Net benefit cost	$ 13	$ 6

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 412	$ 447
Accounts receivable, net of allowances of $26 and $24 as of March 31, 2022 and December 31, 2021, respectively	1,071	959
Inventories	805	754
Restricted cash	273	295
Other current assets	415	421
Total current assets	2,976	2,876
Property, plant and equipment, net	680	703
Goodwill	4,570	4,519
Intangibles, net	1,309	1,316
Operating lease assets	395	419
Prepaid pension cost	294	300
Deferred income taxes	716	732
Other assets	775	776
Total assets	11,715	11,641
Current liabilities
Short-term borrowings	83	57
Accounts payable	901	826
Payroll and benefits liabilities	229	389
Contract liabilities	625	516
Settlement liabilities	235	263
Other current liabilities	757	757
Total current liabilities	2,830	2,808
Long-term debt	5,516	5,505
Pension and indemnity plan liabilities	773	789
Postretirement and postemployment benefits liabilities	119	119
Income tax accruals	115	116
Operating lease liabilities	375	388
Other liabilities	388	383
Total liabilities	10,116	10,108
Commitments and Contingencies (Note 10)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively; redemption amount and liquidation preference of $276 as of March 31, 2022 and December 31, 2021, respectively	274	274
Stockholders’ equity
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 136.3 and 132.2 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	1	1
Paid-in capital	602	515
Retained earnings	993	1,031
Accumulated other comprehensive loss	(273)	(291)
Total NCR stockholders’ equity	1,323	1,256
Noncontrolling interests in subsidiaries	2	3
Total stockholders’ equity	1,325	1,259
Total liabilities and stockholders’ equity	$ 11,715	$ 11,641

Leasing - Lease Balances (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Assets
Operating lease assets	$ 395	$ 419
Liabilities
Operating lease liabilities, noncurrent	$ 375	$ 388

Fair Value of Assets and Liabilities

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE OF ASSETS AND LIABILITIES

14. FAIR VALUE OF ASSETS AND LIABILITIES

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities recorded at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 are set forth as follows:


	March 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)	$	17	$	17	$	—	$	—
Foreign exchange contracts (2)	1		—		1		—
Interest rate swap agreements (3)	23		—		23		—
Total	$	41	$	17	$	24	$	—
Liabilities:
Interest rate swap agreements (4)	$	13	$	—	$	13	$	—
Foreign exchange contracts (4)	3		—		3		—
Total	$	16	$	—	$	16	$	—


	December 31, 2021
In millions	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Deposits held in money market mutual funds (1)	$	17	$	17	$	—	$	—

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

Foreign exchange contracts (4)	$	1	$	—	$	1	$	—
Total	$	1	$	—	$	1	$	—

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

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

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

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

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

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

Interest Rate Swap and Cap Agreements In order to add stability to interest expense and operating costs and to manage exposure to interest rate movements the Company utilizes interest rate swap contracts and interest rate cap agreements as part of its interest rate risk management strategy. The interest rate cap agreements are valued using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates rise above the strike rate of the caps. The variable interest rates used in the calculation of projected receipts on the cap are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The interest rate swap contracts are valued using an income model based on disparity between variable and fixed interest rates, the scheduled balance of underlying principal outstanding, yield curves, and other information readily available in the market. As such, the interest rate swap contracts and interest rate cap agreements are classified in Level 2 of the fair value hierarchy.

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

Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments utilize Level 3 inputs to evaluate the likelihood of both our own default and counterparty default. As of March 31, 2022, we determined that the credit valuation adjustments are not significant to the overall valuation of our derivatives and therefore, the valuations are classified in Level 2 of the fair value hierarchy.

Assets Measured at Fair Value on a Non-recurring Basis

From time to time, certain assets are measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3). NCR reviews the carrying values of investments when events and circumstances warrant and considers all available evidence in evaluating when declines in fair value are other-than-temporary declines. There were no material impairment charges or non-recurring fair value adjustments recorded during the three months ended March 31, 2022 and 2021.

- Definition

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

+ References + Details

Debt Obligations - Senior Secured Credit Facility (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Senior secured incremental term loan B facility	$ 750,000,000
Letters of credit outstanding	24,000,000
Aggregate Principal Amount of Term Loan A Facility	1,305,000,000
Long-term debt	$ 5,516,000,000	$ 5,505,000,000
Quarterly Payment of Term Loan Principal Amount	0.25%
Quarterly Payment of Term Loan A facility [Abstract]	1.875%
Line of Credit Facility, Remaining Borrowing Capacity	$ 861,000,000
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
5.125% Notes
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.125%
Long-term debt	$ 1,200,000,000	1,200,000,000
Revolving \| Secured Debt
Debt Instrument [Line Items]
Secured revolving credit facility principal amount	1,300,000,000
Term loan facility
Debt Instrument [Line Items]
Total Term Loan Balance Outstanding	1,938,000,000
Long-term debt	1,857,000,000	1,884,000,000
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 415,000,000	$ 380,000,000

Supplemental Financial Information - Components of Accounts Receivable (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 1,097		$ 983
Accounts Receivable, Allowance for Credit Loss, Current	(26)		(24)
Accounts Receivable, after Allowance for Credit Loss, Current, Total	1,071		959
Accounts Receivable, Allowance for Credit Loss, Writeoff	2	$ 12
Trade Accounts Receivable [Member]
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	1,049		939
Other Receivables [Member]
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 48		$ 44

Goodwill and Long-Lived Assets - Purchased Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 2,387	$ 2,353
Finite-Lived Intangible Assets, Accumulated Amortization	1,078	1,037
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,127	1,126
Finite-Lived Intangible Assets, Accumulated Amortization	$ 409	391
Customer Relationships \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Customer Relationships \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,041	1,008
Finite-Lived Intangible Assets, Accumulated Amortization	$ 495	474
Intellectual Property [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years
Intellectual Property [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	8 years
Customer Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 89	89
Finite-Lived Intangible Assets, Accumulated Amortization	$ 89	89
Finite-Lived Intangible Asset, Useful Life	8 years
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 130	130
Finite-Lived Intangible Assets, Accumulated Amortization	$ 85	$ 83
Trade Names \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Trade Names \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years

Goodwill and Long-Lived Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND LONG-LIVED ASSETS

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

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


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

Payments & Network	$	988	$	—	$	988	$	45	$	—	$	2	$	1,035	$	—	$	1,035
Digital Banking	595		—		595		—		—		1		596		—		596
Self-Service Banking	1,635		(101)		1,534		—		—		4		1,639		(101)		1,538
Retail	1,015		(34)		981		—		—		(1)		1,014		(34)		980
Hospitality	292		(23)		269		—		—		—		292		(23)		269
Other(1)	163		(11)		152		—		—		—		163		(11)		152
Total goodwill	$	4,688	$	(169)	$	4,519	$	45	$	—	$	6	$	4,739	$	(169)	$	4,570

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

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

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

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


	Amortization Period (in Years)	March 31, 2022				December 31, 2021
In millions		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Identifiable intangible assets
Reseller & customer relationships	1 - 20	$	1,127	$	(409)	$	1,126	$	(391)
Intellectual property	2 - 8	1,041		(495)		1,008		(474)
Customer contracts	8	89		(89)		89		(89)
Tradenames	1 - 10	130		(85)		130		(83)
Total identifiable intangible assets		$	2,387	$	(1,078)	$	2,353	$	(1,037)

Amortization expense related to identifiable intangible assets was $41 million and $20 million for the three months ended March 31, 2022 and 2021, respectively. The estimated aggregate amortization expense for identifiable intangible assets for the following periods is:


			For the years ended December 31
In millions	Remainder of 2022		2023		2024		2025		2026		2027
Amortization expense	$	133	$	174	$	163	$	151	$	141	$	125

Stock Compensation Plans - Stock-based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units	$ 26	$ 36
Stock options	5	6
Employee stock purchase plan	3	2
Stock-based compensation expense	34	44
Tax Benefit	(4)	(5)
Stock-based compensation expense (net of tax)	$ 30	$ 39

Employee Benefit Plans - Pension Plan (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
U.S. Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	$ 0	$ 0
Interest cost	10	9
Expected return on plan assets	(17)	(8)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	(7)	1
International Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1
Interest cost	3	2
Expected return on plan assets	(7)	(6)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	(3)	(3)
Plan assets contributions by employer	4
Total Pension Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Net service cost	1	1
Interest cost	13	11
Expected return on plan assets	(24)	(14)
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0	0
Net periodic benefit cost (income)	$ (10)	$ (2)

Employee Benefit Plans

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Benefit Plans

9. EMPLOYEE BENEFIT PLANS

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


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	10		$	9	3		2		13		11
Expected return on plan assets	(17)		(8)		(7)		(6)		(24)		(14)
Amortization of prior service cost	—		$	—	—		—		—		—
Net periodic benefit cost (income)	$	(7)	$	1	$	(3)	$	(3)	$	(10)	$	(2)

Net postretirement benefit was zero for the three months ending March 31, 2022 and 2021.

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


	Three months ended March 31
In millions	2022		2021
Net service cost	$	13	$	6
Interest cost	1		1
Amortization of:
Prior service benefit	(1)		(1)
Actuarial gain	—		—
Net benefit cost	$	13	$	6

Employer Contributions

Pension For the three months ended March 31, 2022, NCR contributed $4 million to its international pension plans. NCR anticipates contributing an additional $13 million to its international pension plans for a total of $17 million in 2022.

Postretirement For the three months ended March 31, 2022, NCR made no contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $1 million to its U.S. postretirement plan for a total of $1 million in 2022.

Postemployment For the three months ended March 31, 2022, NCR contributed $7 million to its postemployment plan. NCR anticipates contributing an additional $23 million to its postemployment plan for a total of $30 million in 2022.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Section 55
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Foreign exchange contracts \| Other Expense [Member]
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (6)	$ (15)

Segment Information and Concentrations - Revenue by Geography (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 1,866	$ 1,544
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	1,181	929
Europe, Middle East and Africa (EMEA)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	466	417
Asia Pacific (APJ)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 219	$ 198

- Definition

+ References

+ Details

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Components of Earnings Per Share

The components of basic earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2022		2021
Numerator:
Income (loss) from continuing operations	$	(33)	$	30
Dividends on Series A Convertible Preferred Stock	(4)		(4)

Income (loss) from continuing operations attributable to NCR common stockholders	(37)		26
Loss from discontinued operations, net of tax	(1)		—
Net income (loss) attributable to NCR common stockholders	$	(38)	$	26

Denominator:
Basic weighted average number of shares outstanding	135.7		130.0

Basic earnings per share:
From continuing operations	$	(0.27)	$	0.20
From discontinued operations	(0.01)		—
Total basic earnings per share	$	(0.28)	$	0.20

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2022		2021
Numerator:
Income (loss) from continuing operations	$	(33)	$	30
Dividends on Series A Convertible Preferred Stock	(4)		(4)

Income (loss) from continuing operations attributable to NCR common stockholders	(37)		26
Loss from discontinued operations, net of tax	(1)		—
Net income (loss) attributable to NCR common stockholders	$	(38)	$	26

Denominator:
Basic weighted average number of shares outstanding	135.7		130.0


Dilutive effect of restricted stock units and stock options	—		4.7
Weighted average diluted shares	135.7		134.7

Diluted earnings per share:
From continuing operations	$	(0.27)	$	0.19
From discontinued operations	(0.01)		—
Total diluted earnings per share	$	(0.28)	$	0.19

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

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Reconciliation of cash, cash equivalents, and restricted cash

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


In millions		March 31
	Balance Sheet Location	2022		2021
Cash and cash equivalents	Cash and cash equivalents	$	412	$	319
Long term restricted cash	Other assets	7		8
Funds held for client	Restricted cash	54		44
Cash included in settlement processing assets	Restricted cash	219		20
Total cash, cash equivalents and restricted cash		$	692	$	391

Schedule of Net Contract Assets and Contract Liabilities Balances

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


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2022		December 31, 2021
Current portion of contract liabilities	Contract liabilities	$	625	$	516
Non-current portion of contract liabilities	Other liabilities	$	65	$	69

Segment Information and Concentrations - Revenue and Operating Income By Segments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Total revenue	$ 1,866,000,000	$ 1,544,000,000
Adjusted EBITDA	271,000,000	258,000,000
Net income (loss)	1,000,000	(1,000,000)
Income (loss) from continuing operations	(33,000,000)	30,000,000
Restructuring Costs	27,000,000	8,000,000
Amortization expense three months ended 2020	41,000,000	20,000,000
Business Combination, Acquisition Related Costs	5,000,000	27,000,000
Interest Expense	63,000,000	45,000,000
Interest and Other Income	(1,000,000)	(3,000,000)
depreciation and amortization (excluding acquisition-related amortization of intangibles)	103,000,000	70,000,000
Income tax expense (benefit)	13,000,000	17,000,000
Stock-based compensation expense	34,000,000	44,000,000
Russia	19,000,000	0
Revenue Attributable to Russia Operations	8,000,000
Russia Conflict
Segment Reporting Information [Line Items]
Total revenue	3,000,000	0
All other products and services
Segment Reporting Information [Line Items]
Total revenue	687,000,000	670,000,000
Operating Segments
Segment Reporting Information [Line Items]
Total revenue	1,863,000,000	1,544,000,000
Adjusted EBITDA	271,000,000	258,000,000
Hospitality \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	211,000,000	179,000,000
Adjusted EBITDA	41,000,000	36,000,000
Other \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	68,000,000	77,000,000
Adjusted EBITDA	(97,000,000)	(67,000,000)
Payments & Network Segment \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	299,000,000	22,000,000
Adjusted EBITDA	98,000,000	3,000,000
Digital Banking \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	136,000,000	123,000,000
Adjusted EBITDA	56,000,000	54,000,000
Self-Service Banking Segments \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	611,000,000	628,000,000
Adjusted EBITDA	112,000,000	137,000,000
Retail Segments \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	546,000,000	520,000,000
Adjusted EBITDA	67,000,000	98,000,000
Eliminations \| Operating Segments
Segment Reporting Information [Line Items]
Total revenue	(8,000,000)	(5,000,000)
Adjusted EBITDA	$ (6,000,000)	$ (3,000,000)

Debt Obligations - Short-term Borrowings and Long-term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Short-term borrowings	$ 83	$ 57
Long-term debt	5,516	5,505
Unamortized Debt Issuance Expense	(57)	(60)
Term loan facility
Debt Instrument [Line Items]
Long-term debt	$ 1,857	$ 1,884
Weighted-average interest rate on long-term debt	2.47%	2.63%
Revolving credit facility
Debt Instrument [Line Items]
Long-term debt	$ 415	$ 380
Weighted-average interest rate on long-term debt	2.54%	2.36%
5.750% Senior Notes due 2027
Debt Instrument [Line Items]
Long-term debt	$ 500	$ 500
Debt stated interest rate	5.75%
5.000% Senior Notes due 2028
Debt Instrument [Line Items]
Long-term debt	$ 650	650
Debt stated interest rate	5.00%
5.125% Notes
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	$ 1	$ 1
Weighted-average interest rate on long-term debt	6.60%	6.62%
Term loan facility
Debt Instrument [Line Items]
Current portion of Senior Secured Credit Facility	$ 81	$ 56
Weighted-Average interest rate on short-term borrowings	2.31%	2.63%
Other
Debt Instrument [Line Items]
Short-term borrowings	$ 2	$ 1
Weighted-Average interest rate on short-term borrowings	2.13%	2.13%

Debt Obligations - Fair Value of Debt (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt value of long-term debt	$ 5,540	$ 5,740

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2022

Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

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


In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2022		2021		2022		2021		2022		2021
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	10		$	9	3		2		13		11
Expected return on plan assets	(17)		(8)		(7)		(6)		(24)		(14)
Amortization of prior service cost	—		$	—	—		—		—		—
Net periodic benefit cost (income)	$	(7)	$	1	$	(3)	$	(3)	$	(10)	$	(2)

Postretirement Plan

Defined Benefit Plan Disclosure [Line Items]

Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Business Combinations - Acquisition of Freshop, Terafina, & Dumac (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Business Acquisition [Line Items]
Acquired Goodwill	$ 45

Earnings Per Share - Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Income (loss) from continuing operations	$ (33,000,000)	$ 30,000,000
Preferred Stock Dividends Income Statement Impact Included in Diluted Earnings Per Share From Continuing Operations	4,000,000	4,000,000
Income (loss) from continuing operations attributable to NCR common stockholders	(37,000,000)	26,000,000
Loss from discontinued operations, net of tax	(1,000,000)	0
Net income (loss) attributable to NCR common stockholders	$ (38,000,000)	$ 26,000,000
Weighted average outstanding shares of common stock (in shares)	135.7	130.0
Dilutive effect of restricted stock units (in shares)	0.0	4.7
Denominator (in shares)	135.7	134.7
Diluted earnings per share:
From continuing operations (in dollars per share)	$ (0.27)	$ 0.19
From discontinued operations (in dollars per share)	(0.01)	0
Total diluted earnings (loss) per share (in dollars per share)	$ (0.28)	$ 0.19
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred Stock Dividends Income Statement Impact Included in Diluted Earnings Per Share From Continuing Operations	$ 4,000,000	$ 4,000,000
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
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)	11.2	5.0

Supplemental Financial Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Supplemental Financial Information [Abstract]
Provision for Other Credit Losses	$ 4	$ 0
Accounts Receivable, Allowance for Credit Loss, Writeoff	$ 2	$ 12

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Convertible Preferred Stock:
Temporary Equity, Par or Stated Value Per Share	$ 0.01	$ 0.01
Temporary Equity, Shares Authorized	3,000,000.0	3,000,000.0
Temporary Equity, Shares Issued	300,000	300,000
Temporary Equity, Shares Outstanding	300,000	300,000
Temporary Equity, Aggregate Amount of Redemption Requirement	$ 276	$ 276
Temporary Equity, Liquidation Preference	$ 276	$ 276
Stockholders' Equity:
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	100,000,000.0	100,000,000.0
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000,000.0	500,000,000.0
Common Stock, Shares, Issued	136,300,000
Common Stock, Shares, Outstanding	136,300,000
Cash and Cash Equivalents, at Carrying Value	$ 412	$ 447
Accounts receivable, net of allowances of $26 and $24 as of March 31, 2022 and December 31, 2021, respectively	1,071	959
Inventories	805	754
Restricted cash	273	295
Other current assets	415	421
Total current assets	2,976	2,876
Property, plant and equipment, net	680	703
Goodwill	4,570	4,519
Intangibles, net	1,309	1,316
Operating lease assets	395	419
Prepaid pension cost	294	300
Deferred income taxes	716	732
Other assets	775	776
Assets	11,715	11,641
Short-term Debt	83	57
Accounts payable	901	826
Payroll and benefits liabilities	229	389
Contract liabilities	625	516
Settlement liabilities	235	263
Other current liabilities	757	757
Liabilities, Current	2,830	2,808
Long-term debt	5,516	5,505
Pension and indemnity plan liabilities	773	789
Postretirement and postemployment benefits liabilities	119	119
Income tax accruals	115	116
Operating lease liabilities	375	388
Other liabilities	388	383
Liabilities	10,116	10,108
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively; redemption amount and liquidation preference of $276 as of March 31, 2022 and December 31, 2021, respectively	274	274
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	0	0
Common stock: par value $0.01 per share, 500.0 shares authorized, 136.3 and 132.2 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively	1	1
Paid-in capital	602	515
Retained earnings	993	1,031
Accumulated other comprehensive loss	(273)	(291)
Stockholders' Equity Attributable to Parent	1,323	1,256
Noncontrolling interests in subsidiaries	2	3
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,325	1,259
Liabilities and Equity	11,715	11,641
Accounts Receivable, Allowance for Credit Loss, Current	$ (26)	$ (24)

Stock Compensation Plans

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

STOCK COMPENSATION PLANS

8. STOCK COMPENSATION PLANS

As of March 31, 2022, the Company’s primary type of stock-based compensation was restricted stock units and stock options. Stock-based compensation expense for the following periods were:


In millions	Three months ended March 31
	2022		2021
Restricted stock units	$	26	$	36
Stock options	5		6
Employee stock purchase plan	3		2
Stock-based compensation expense	34		44
Tax benefit	(4)		(5)
Stock-based compensation expense (net of tax)	$	30	$	39

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

On February 25, 2022, the Company granted market-based restricted stock units with 100% of the award vesting on December 31, 2024. The number of awards that vest are subject to the performance of the Company's stock price from the date of grant to December 31, 2024. The fair value was determined to be $57.67 based on using a Monte-Carlo simulation model and will be recognized over the requisite service period. The table below details the assumptions used in determining the fair value of the market-based restricted stock units.



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

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

As of March 31, 2022, the total unrecognized compensation cost of $228 million related to unvested restricted stock grants is expected to be recognized over a weighted average period of approximately 1.2 years. As of March 31, 2022, the total unrecognized compensation cost of $15 million related to unvested stock option grants is expected to be recognized over a weighted average period of approximately 0.5 years.

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

For the three months ended March 31, 2022, employees purchased 0.3 million shares, at a discounted price of $34.16. For the three months ended March 31, 2021, employees purchased 0.2 million shares, at a discounted price of $30.82.

Segment Information and Concentrations (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Revenue and Operating Income by Segment

The following table presents revenue and Adjusted EBITDA by segment:


In millions	Three months ended March 31
	2022		2021
Revenue by segment
Payments & Network	$	299	$	22
Digital Banking	136		123
Self-Service Banking	611		628
Retail	546		520
Hospitality	211		179
Other	68		77
Eliminations	(8)		(5)
Total segment revenue	$	1,863	$	1,544
Other adjustment (1)	3		—
Consolidated revenue	$	1,866	$	1,544

Adjusted EBITDA by segment
Payments & Network	$	98	$	3
Digital Banking	56		54
Self-Service Banking	112		137
Retail	67		98
Hospitality	41		36
Corporate and Other	(97)		(67)
Eliminations	(6)		(3)
Total Adjusted EBITDA	$	271	$	258

(1) Other adjustment reflects the revenue attributable to the Company's operations in Russia for the three months ending March 31, 2022 that were excluded from management's measure of revenue due to our announcement to suspend sales to Russia and anticipated orderly wind down of our operations in Russia. The revenue attributable to the Russia operations for the prior period of $8 million are included in the respective segments.

For the three months ended March 31, 2022, the operations of Cardtronics are included in the Payments & Network and Self-Service Banking segments.

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


In millions	Three months ended March 31
	2022		2021
Net income (loss) from continuing operations attributable to NCR	$	(33)	$	30
Transformation costs	27		8
Acquisition-related amortization of intangibles	41		20
Acquisition-related costs	5		27

Interest expense	63		45
Interest income	(1)		(3)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	103		70
Income tax expense (benefit)	13		17
Stock-based compensation expense	34		44
Russia	19		—
Total Adjusted EBITDA	$	271	$	258

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

The following table presents revenue by geography for NCR:


In millions	Three months ended March 31
	2022		2021
Americas	$	1,181	$	929
Europe, Middle East and Africa (EMEA)	466		417
Asia Pacific (APJ)	219		198
Total revenue	$	1,866	$	1,544

Schedule of Revenues from Products and Services

The following table presents the recurring revenue for NCR:


In millions	Three months ended March 31
	2022		2021
Recurring revenue (1)	$	1,179	$	874
All other products and services	687		670
Total revenue	$	1,866	$	1,544

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

Goodwill and Long-Lived Assets - Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense three months ended 2020	$ 41	$ 20
Amortization expense remainder of 2020 (estimated)	133
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Finite-Lived Intangible Asset, Expected Amortization, Year One	174
2023	163
2024	151
2025	141
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 125

Supplemental Financial Information - Components of Inventory (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Work in process and raw materials	$ 176	$ 184
Finished goods	241	185
Service parts	388	385
Total inventories	$ 805	$ 754

Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

12. EARNINGS PER SHARE

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

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

The holders of Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not have nonforfeitable rights to common stock dividends or common stock dividend equivalents. Accordingly, the Series A Convertible Preferred Stock, unvested restricted stock units and stock options do not qualify as participating securities. See Note 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 March 31
	2022		2021
Numerator:
Income (loss) from continuing operations	$	(33)	$	30
Dividends on Series A Convertible Preferred Stock	(4)		(4)

Income (loss) from continuing operations attributable to NCR common stockholders	(37)		26
Loss from discontinued operations, net of tax	(1)		—
Net income (loss) attributable to NCR common stockholders	$	(38)	$	26

Denominator:
Basic weighted average number of shares outstanding	135.7		130.0

Basic earnings per share:
From continuing operations	$	(0.27)	$	0.20
From discontinued operations	(0.01)		—
Total basic earnings per share	$	(0.28)	$	0.20

The components of diluted earnings per share are as follows:


In millions, except per share amounts	Three months ended March 31
	2022		2021
Numerator:
Income (loss) from continuing operations	$	(33)	$	30
Dividends on Series A Convertible Preferred Stock	(4)		(4)

Income (loss) from continuing operations attributable to NCR common stockholders	(37)		26
Loss from discontinued operations, net of tax	(1)		—
Net income (loss) attributable to NCR common stockholders	$	(38)	$	26

Denominator:
Basic weighted average number of shares outstanding	135.7		130.0


Dilutive effect of restricted stock units and stock options	—		4.7
Weighted average diluted shares	135.7		134.7

Diluted earnings per share:
From continuing operations	$	(0.27)	$	0.19
From discontinued operations	(0.01)		—
Total diluted earnings per share	$	(0.28)	$	0.19

For the three months ended March 31, 2022, due to the net loss attributable to NCR common stockholders, potential common shares that would cause dilution, such as Series A Convertible Preferred Stock, restricted stock units and stock options, have been excluded from the diluted share count because their effect would 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 Convertible Preferred Stock because the effect would be anti-dilutive. Additionally, weighted average restricted stock units and stock options of 11.2 million were excluded from the diluted share count because their effect would have been anti-dilutive.

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

Basis of Presentation and Summary of Significant Accounting Policies Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Contract liabilities	$ 625		$ 516
Contract with Customer, Liability, Noncurrent	65		$ 69
Revenue recognized that was included in contract liabilities	228	$ 255
Remaining performance obligations	$ 4,200

Fair Value of Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset Impairment Charges	$ 0	$ 0
Ebina Waste Disposal Percentage; Low Concentration	68.00%
Ebina Waste Disposal Percentage; High Concentration	47.00%
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 17		$ 17
Foreign Currency Contract, Asset, Fair Value Disclosure	0		0
Assets, Fair Value Disclosure	17		17
Interest Rate Derivative Liabilities, at Fair Value	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Derivative Asset, Notional Amount	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure			0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Foreign Currency Contract, Asset, Fair Value Disclosure	1		1
Assets, Fair Value Disclosure	24		19
Interest Rate Derivative Liabilities, at Fair Value	13
Foreign Currency Contracts, Liability, Fair Value Disclosure	3		1
Financial and Nonfinancial Liabilities, Fair Value Disclosure	16		1
Derivative Asset, Notional Amount	23
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure			18
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0		0
Foreign Currency Contract, Asset, Fair Value Disclosure	0		0
Assets, Fair Value Disclosure	0		0
Interest Rate Derivative Liabilities, at Fair Value	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Derivative Asset, Notional Amount	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure			0
Fair Value, Recurring [Member] \| Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	17		17
Foreign Currency Contract, Asset, Fair Value Disclosure	1		1
Assets, Fair Value Disclosure	41		36
Interest Rate Derivative Liabilities, at Fair Value	13
Foreign Currency Contracts, Liability, Fair Value Disclosure	3		1
Financial and Nonfinancial Liabilities, Fair Value Disclosure	16		1
Derivative Asset, Notional Amount	$ 23
Fair Value, Recurring [Member] \| Estimate of Fair Value Measurement [Member] \| Interest Rate Cap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure			$ 18

Segment Information and Concentrations

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION AND CONCENTRATIONS

4. SEGMENT INFORMATION AND CONCENTRATIONS

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

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

•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.

•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.

•Retail - We offer software-led solutions to customers in the retail industry, leading with digital to connect retail operations end to end to integrate all aspects of a customer’s operations in indoor and outdoor settings from POS, to payments, inventory management, fraud and loss prevention applications, loyalty and consumer engagement. These solutions include retail-oriented technologies such as comprehensive API-point of sale retail software platforms and applications, hardware terminals, self-service kiosks including self-checkout ("SCO"), payment processing solutions, and bar-code scanners.

•Hospitality - We offer technology solutions to customers in the hospitality industry, including table-service, quick-service and fast casual restaurants of all sizes, that are designed to improve operational efficiency, increase customer satisfaction, streamline order and transaction processing and reduce operating costs. Our solutions include POS hardware and software solutions, installation, maintenance, managed and professional services as well as payment processing solutions.

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

These segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the chief operating decision maker in assessing segment performance and in allocating the Company's resources. Management evaluates the performance of the segments based on revenue and Adjusted EBITDA. Adjusted EBITDA is defined as GAAP net income (loss) from continuing operations attributable to NCR plus interest expense, net; plus income tax expense (benefit); plus depreciation and amortization; plus stock-based compensation expense; plus other income

(expense); plus pension mark-to-market adjustments, pension settlements, pension curtailments and pension special termination benefits and other special items, including amortization of acquisition-related intangibles, restructuring charges, among others. The special items are considered non-operational so are excluded from the Adjusted EBITDA metric utilized by our chief operating decision maker in evaluating segment performance and are separately delineated to reconcile back to total reported GAAP net income (loss) from continuing operations attributable to NCR.

Special Item Related to Russia The war in Eastern Europe and related sanctions imposed on Russia and related actors by the United States and other jurisdictions required us to orderly wind down our operations in Russia beginning in the first quarter of 2022. As a result, for the three months ending March 31, 2022, our presentation of segment revenue and Adjusted EBITDA exclude the impact of our operating results in Russia, as well as the impact of impairments taken to write down the carrying value of assets and liabilities, severance charges, and the assessment of collectability on revenue recognition. We consider this to be a special item and management has reviewed the results of its business segments excluding these impacts. We have not adjusted the presentation of the prior year period due to the immaterial impact of Russia to income from continuing operations for the three months ended March 31, 2021.

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

The following table presents revenue and Adjusted EBITDA by segment:


In millions	Three months ended March 31
	2022		2021
Revenue by segment
Payments & Network	$	299	$	22
Digital Banking	136		123
Self-Service Banking	611		628
Retail	546		520
Hospitality	211		179
Other	68		77
Eliminations	(8)		(5)
Total segment revenue	$	1,863	$	1,544
Other adjustment (1)	3		—
Consolidated revenue	$	1,866	$	1,544

Adjusted EBITDA by segment
Payments & Network	$	98	$	3
Digital Banking	56		54
Self-Service Banking	112		137
Retail	67		98
Hospitality	41		36
Corporate and Other	(97)		(67)
Eliminations	(6)		(3)
Total Adjusted EBITDA	$	271	$	258

For the three months ended March 31, 2022, the operations of Cardtronics are included in the Payments & Network and Self-Service Banking segments.

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


In millions	Three months ended March 31
	2022		2021
Net income (loss) from continuing operations attributable to NCR	$	(33)	$	30
Transformation costs	27		8
Acquisition-related amortization of intangibles	41		20
Acquisition-related costs	5		27

Interest expense	63		45
Interest income	(1)		(3)
Depreciation and amortization (excluding acquisition-related amortization of intangibles)	103		70
Income tax expense (benefit)	13		17
Stock-based compensation expense	34		44
Russia	19		—
Total Adjusted EBITDA	$	271	$	258

The following table presents revenue by geography for NCR:


In millions	Three months ended March 31
	2022		2021
Americas	$	1,181	$	929
Europe, Middle East and Africa (EMEA)	466		417
Asia Pacific (APJ)	219		198
Total revenue	$	1,866	$	1,544

The following table presents the recurring revenue for NCR:


In millions	Three months ended March 31
	2022		2021
Recurring revenue (1)	$	1,179	$	874
All other products and services	687		670
Total revenue	$	1,866	$	1,544

- 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
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-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
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 280
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-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
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-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
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-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Derivatives and Hedging Instruments - Gain (Loss) on Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$ (1)	$ 0
Unrealized gains (loss) on derivatives	57	0
Interest Rate Contract \| Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized Gain (Loss) on Investments	57	0
Interest Rate Contract \| Cash Flow Hedging \| Cost of service
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$ 1	$ 0

Commitments and Contingencies - Warranty Reserve (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance as of January 1	$ 19	$ 18
Accruals for warranties issued	5	7
Settlements (in cash or in kind)	(7)	(7)
Ending balance as of March 31	$ 17	$ 18

Stock Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount stock purchase price percentage	15.00%
Look-back feature period of discount stock purchase price	3 months
Minimum contribution by participant percentage	1.00%
Maximum contribution by participant percentage	10.00%
Stocks purchased by employees during the period (in shares)	0.3	0.2
Discounted price per share of stocks purchased by employees (in dollar per share)	$ 34.16	$ 30,820,000
Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	3 years
Restricted Stock Units \| Restricted stock units granted February 23, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 57.67
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 228
Weighted average period to recognized compensation cost related to unvested awards	1 year 2 months 12 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested awards	$ 15
Weighted average period to recognized compensation cost related to unvested awards	6 months

Business Combinations - Acquisition of Cardtronics plc (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		3 Months Ended
	Jan. 05, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 25, 2021
Business Acquisition [Line Items]
Goodwill		$ 4,570	$ 4,519
Acquired Goodwill		45
Cardtronics
Business Acquisition [Line Items]
Acquired share price (in dollars per share)				$ 39.00
LibertyX
Business Acquisition [Line Items]
Acquired share price (in dollars per share)	$ 42.13
Purchase consideration		69
Liabilities assumed		(4)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		38
Shares issued (in shares)	1,400
Cash Acquired from Acquisition		2
Tangible assets acquired		3
Acquired intangible assets other than goodwill		38
Acquired Goodwill		41
Deferred Tax Liabilities		(11)
LibertyX \| Customer Relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 5
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
LibertyX \| Patented Technology
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 30
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		13 years
LibertyX \| Noncompete Agreements
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 1
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		1 year
LibertyX \| Trade Names
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 2
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		2 years

Supplemental Financial Information

3 Months Ended

Mar. 31, 2022

Supplemental Financial Information [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

16. SUPPLEMENTAL FINANCIAL INFORMATION

The components of accounts receivable are summarized as follows:


In millions	March 31, 2022		December 31, 2021
Accounts receivable
Trade	$	1,049	$	939
Other	48		44
Accounts receivable, gross	1,097		983
Less: allowance for credit losses	(26)		(24)
Total accounts receivable, net	$	1,071	$	959

Our allowance for credit losses as of March 31, 2022 and December 31, 2021 was $26 million and $24 million, respectively. The impact to our allowance for credit losses for the three months ended March 31, 2022 was an expense of $4 million. We continue to evaluate our reserves in light of the age and quality of our outstanding accounts receivable, risks to specific industries or countries, as well as the COVID-19 pandemic, and adjust the reserves accordingly. Our allowance for credit losses charged to expense for the three months ended March 31, 2021 was zero. The Company recorded write-offs against the reserve for the three months ended March 31, 2022 and 2021 of $2 million and $12 million, respectively.

The components of inventory are summarized as follows:


In millions	March 31, 2022		December 31, 2021
Inventories
Work in process and raw materials	$	176	$	184
Finished goods	241		185
Service parts	388		385
Total inventories	$	805	$	754

Series A Convertible Preferred Stock	3 Months Ended
Series A Convertible Preferred Stock	Mar. 31, 2022
Series A Preferred Stock [Abstract]
SERIES A CONVERTIBLE PREFERRED STOCK	11. SERIES A CONVERTIBLE PREFERRED STOCK Holders of Series A Convertible Preferred Stock are entitled to a cumulative dividend at the rate of 5.5% per annum, payable quarterly in arrears. Beginning in the first quarter of 2020, dividends are payable in cash or in-kind at the option of the Company. If the Company does not declare and pay a dividend, the dividend rate will increase to 8.0% per annum until all accrued but unpaid dividends have been paid in full. During the three months ended March 31, 2022 and 2021, the Company paid cash dividends of $4 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 March 31, 2022 and December 31, 2021, the maximum number of common shares that could be required to be issued upon conversion of the outstanding shares of Series A Convertible Preferred Stock was 9.2 million shares.

Receivables, Loans, Notes Receivable, and Others	3 Months Ended
Receivables, Loans, Notes Receivable, and Others	Mar. 31, 2022
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure	6. TRADE RECEIVABLES FACILITY The Company continues to maintain its trade receivables facility (the “T/R Facility”) with PNC Bank, National Association (“PNC”), which allows the Company's wholly-owned, bankruptcy remote subsidiary, NCR Receivables LLC (the “U.S. SPE”), to sell certain trade receivables on a revolving basis to PNC and the other unaffiliated purchasers participating in the T/R Facility. The T/R Facility, as amended, became effective September 30, 2021 and has a term of two years, which the Company and the U.S. SPE intend to renew. Under the T/R Facility, the Company and certain United States and Canadian operating subsidiaries of the Company continuously sell their trade receivables as they are originated to the U.S. SPE and a Canadian bankruptcy-remote special purpose entity (collectively, the “SPEs”), as applicable. None of the assets or credit of either SPE is available to satisfy the debts and obligations owed to the creditors of the Company or any other person until the obligations of the SPEs under the T/R Facility have been satisfied. The Company controls and therefore consolidates the SPEs in its condensed consolidated financial statements. As cash is collected on the trade receivables, the U.S. SPE has the ability to continuously transfer ownership and control of new qualifying receivables to PNC and the other unaffiliated purchasers such that the total outstanding balance of trade receivables sold can be up to $300 million at any point in time, which is the maximum purchase commitment of PNC and the other unaffiliated purchasers. The future outstanding balance of trade receivables that are sold is expected to vary based on the level of activity and other factors and could be less than the maximum purchase commitment of $300 million. The total outstanding balance of trade receivables that have been sold and derecognized by the U.S. SPE to PNC and the other unaffiliated purchasers is approximately $300 million as of March 31, 2022 and December 31, 2021. Excluding the trade receivables sold to PNC and other unaffiliated purchasers, the SPEs collectively owned $326 million and $228 million of trade receivable as of March 31, 2022 and December 31, 2021, respectively, and these amounts are included in Accounts receivable, net in the Company’s Condensed Consolidated Balance Sheets. Continuous cash activity related to the T/R Facility is reflected in Net cash provided by operating activities in the Condensed Consolidated Statements of Cash Flows. The U.S. SPE incurs fees due and payable to PNC and the other unaffiliated purchasers participating in the T/R Facility. Those fees, which are immaterial, are recorded within Other income (expense), net in the Condensed Consolidated Statements of Operations. In addition, each of the SPEs has provided a full recourse guarantee in favor of PNC and the other unaffiliated purchasers of the full and timely payment of all trade receivables sold to them by the U.S. SPE. The guarantee is collateralized by all the trade receivables owned by each of the SPEs that have not been sold to PNC or the other unaffiliated purchasers. The reserve recognized for this recourse obligation as of March 31, 2022 is not material. The Company, or in the case of any Canadian trade receivables, NCR Canada Corp., continues to be involved with the trade receivables even after they are transferred to the SPEs (or further transferred to PNC and the other unaffiliated purchasers) by acting as servicer. In addition to any obligations as servicer, the Company and each of its subsidiaries acting as an originator under the T/R Facility provide the SPEs with customary recourse in respect of (i) certain dilutive events with respect to the trade receivables sold to the SPEs that are caused by the Company or another originator and (ii) in the event of certain violations by the Company or another originator of their representations and warranties with respect to the trade receivables sold to the SPEs. These servicing and originator liabilities of the Company and its subsidiaries (other than the SPEs) under the T/R Facility are not expected to be material, given the high quality of the customers underlying the receivables and the anticipated short collection period.

Debt Obligations

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

5. DEBT OBLIGATIONS

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


		March 31, 2022			December 31, 2021
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility (1)		$	81	2.31%	$	56	2.63%
Other (1)		2		2.13%	1		2.13%
	Total short-term borrowings	$	83		$	57
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,857	2.47%	$	1,884	2.63%
	Revolving credit facility (1)	415		2.54%	380		2.36%
Senior notes:

	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	1,200			1,200
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(57)			(60)
Other (1)		1		6.60%	1		6.62%
	Total long-term debt	$	5,516		$	5,505

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

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

As of March 31, 2022, $1.938 billion remained outstanding under the Term Loan Facilities. Additionally, as of March 31, 2022, there was $415 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 March 31, 2022, outstanding letters of credit were $24 million. Our borrowing capacity under our Revolving Credit Facility was $861 million at March 31, 2022.

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

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

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

The obligations under the Senior Secured Credit Facility are guaranteed by certain of the Company’s domestic material subsidiaries including the Guarantor Subsidiary and certain domestic subsidiaries acquired through the Cardtronics Transaction (collectively, the “Cardtronics Guarantors” and together with the Guarantor Subsidiary, the “Guarantors”). The obligations under the Senior Secured Credit Facility and the above described guarantee are secured by a first priority lien and security interest in certain equity interests owned by the Company and the Guarantors in certain of their respective domestic and foreign subsidiaries, and a first priority lien and security interest in substantially all of the assets of the Company and the Guarantors, subject to certain exclusions. These security interests would be released if the Company achieves an “investment grade” rating and will remain released so long as the Company maintains an “investment grade” rating.

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

•A consolidated leverage ratio on the last day of any fiscal quarter, not to exceed (i) in the case of any fiscal quarter ending on or prior to December 31, 2021, 5.50 to 1.00, (ii) in the case of any fiscal quarter ending on or prior to September 30, 2022, 5.25 to 1.00, and (iii) in the case of any fiscal quarter ending on or after December 31, 2022, 4.75 to 1.00.

Senior Unsecured Notes The Company’s senior unsecured notes are guaranteed by the Guarantors, which have guaranteed fully and unconditionally the obligations to pay principal and interest for the Company’s senior unsecured notes. The terms of the indentures for the Company’s senior unsecured notes limit the ability of the Company and certain of its subsidiaries to, among other things, incur additional debt or issue redeemable preferred stock; pay dividends or make certain other restricted payments or investments; incur liens; sell assets; incur restrictions on the ability of the Company's subsidiaries to pay dividends to the Company; enter into affiliate transactions; engage in sale and leaseback transactions; and consolidate, merge, sell or otherwise dispose of all or substantially all of the Company's or such subsidiaries' assets.

Fair Value of Debt The Company utilized Level 2 inputs, as defined in the fair value hierarchy, to measure the fair value of the long-term debt, which, as of March 31, 2022 and December 31, 2021 was $5.54 billion and $5.74 billion, respectively. Management's fair value estimates were based on quoted prices for recent trades of NCR’s long-term debt, quoted prices for similar instruments, and inquiries with certain investment communities.

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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-Name Accounting Standards Codification
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+ Details

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Cash and cash equivalents	$ 412
Restricted cash	273
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	692
LibertyX
business combination, consideration transferred, non-cash	68
Noncash or Part Noncash Acquisition, Debt Assumed	$ 2

Accumulated Other Comprehensive Income (Loss) (AOCI)

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Income (Loss) [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)

15. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance as of December 31, 2021	$	(275)	$	(24)	$	8	$	(291)
Other comprehensive income (loss) before reclassifications	(26)		—		44		18
Amounts reclassified from AOCI	—		(1)		1		—
Net current period other comprehensive (loss) income	(26)		(1)		45		18
Balance as of March 31, 2022	$	(301)	$	(25)	$	53	$	(273)

Reclassifications Out of AOCI


		For the three months ended March 31, 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)		1		—
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Total before tax	$	—	$	(1)	$	1	$	—
	Tax expense							—
	Total reclassifications, net of tax							$	—


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



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

Receivables, Loans, Notes Receivable, and Others (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Receivables [Abstract]
Accounts Receivable Sales Agreement Amount	$ 300
Accounts Receivable, Sale	$ 300

Commitments and Contingencies - Loss Contingencies (Details) $ in Millions		3 Months Ended
	Mar. 29, 2018 USD ($) company	Mar. 31, 2022 USD ($) entity party defendant number_of_companies affiliate_corporations	Dec. 31, 2021 USD ($)	Mar. 31, 2021 USD ($)	Aug. 22, 2017 party	Dec. 31, 2013 company	Nov. 13, 2007 entity
Loss Contingencies [Line Items]
Ebina Waste Disposal Percentage; Low Concentration		68.00%
Ebina Waste Disposal Percentage; High Concentration		47.00%
Fox River
Loss Contingencies [Line Items]
Number of potentially responsible parties \| entity		8					8
Threshold amount for environmental cleanup costs			$ 75
Percentage of funding obligation under cost sharing agreement		50.00%
Percentage of obligation under cost sharing agreement		60.00%
Receivable under funding agreement		$ 54	54
Number of parties that appealed \| party					1
Number of defendants \| defendant		2
Number of parties \| party		2
Gross loss contingency accrual		$ 4
Net loss contingency accrual		26
Funding remainder		$ 0	0
Total amount received from settlements with insurance carriers				$ 205
Kalamazoo River
Loss Contingencies [Line Items]
Number of additional companies receiving general notice letters \| number_of_companies		3
Number of additional defendants \| defendant		2
Number of total corporation plaintiffs \| affiliate_corporations		3
Number of companies tried to the court \| company						4
Costs incurred in the pasted related to loss contingency	$ 50
Loss contingency, value of damages sought	105
Loss contingency, value of damages sought	$ 55
NCR share of costs related to loss contingency	5.00%
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		$ 96	99
Ebina [Member]
Loss Contingencies [Line Items]
Loss contingency accrual		$ 15	16
Fox River
Loss Contingencies [Line Items]
Percentage of portion of costs below threshold		45.00%
Percentage of portion of costs exceeding threshold		40.00%
Percentage of Company's award responsibility to indemnitors and co-obligators		25.00%
Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			10
Minimum \| Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			46
Maximum \| Fox River \| General Contractor Arbitration [Member]
Loss Contingencies [Line Items]
Loss contingency, range of possible loss			$ 53
Kalamazoo River \| Minimum
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors		$ 70
Kalamazoo River \| Maximum
Loss Contingencies [Line Items]
Anticipated contribution from co-obligors and indemnitors		$ 150

Employee Benefit Plans - Postretirement Plan (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022 USD ($)
Postretirement Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets contributions by employer	$ 0

- Definition

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

+ References + Details

Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

10. COMMITMENTS AND CONTINGENCIES

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

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

Fox River NCR is one of eight entities that were formally notified by governmental and other entities, such as local Native American tribes, that they are PRPs for environmental claims (under CERCLA and other statutes) arising out of the presence of polychlorinated biphenyls (“PCBs”) in sediments in the lower Fox River and in the Bay of Green Bay in Wisconsin. Such notice was provided on September 30, 2003. The other Fox River PRPs that received notices include Appleton Papers Inc. (“API”; now known as Appvion, Inc.), P.H. Glatfelter Company (“Glatfelter”), Georgia-Pacific Consumer Products LP (“GP”, successor to Fort James Operating Company), and others. NCR was identified as a PRP because of alleged PCB discharges from two carbonless copy paper manufacturing facilities it previously owned, which were located along the Fox River. NCR sold its facilities in 1978 to API. The parties have also contended that NCR is responsible for PCB discharges from paper mills owned by other companies because NCR carbonless copy paper “broke” was allegedly purchased by those other mills as a raw material.

The United States Environmental Protection Agency (“USEPA”) and Wisconsin Department of Natural Resources (together, “the Governments”) developed clean-up plans for the upper and lower parts of the Fox River and for portions of the Bay of

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

NCR and API, along with B.A.T Industries p.l.c. (“BAT”), share among themselves a portion of the cost of the Fox River clean-up and natural resource damages (“NRD”) based upon a 1998 agreement (the “Cost Sharing Agreement”), a 2005 arbitration award (subsequently confirmed as a judgment), and a September 30, 2014 Funding Agreement (the “Funding Agreement”). The Cost Sharing Agreement and the arbitration resolved disputes that arose out of the Company's 1978 sale of its Fox River facilities to API. The Cost Sharing Agreement and arbitration award resulted in a 45% share for NCR of the first $75 million of such costs (a threshold that was reached in 2008), and a 40% share for amounts in excess of $75 million. The Funding Agreement arose out of a 2012 to 2014 arbitration dispute between NCR and API, and provides for regular, ongoing funding of NCR incurred Fox River remediation costs via contributions, made to a new limited liability corporation created by the Funding Agreement, by BAT, API and, for 2014, API's indemnitor, Windward Prospects. The Funding Agreement creates an obligation on BAT and API to fund 50% of NCR’s Fox River remediation costs from October 1, 2014 forward (API’s Fox River-related obligations under the Funding Agreement were fully satisfied in 2016); the Funding Agreement also provides NCR contractual avenues for payment of, via direct and third-party sources, (1) the difference between BAT’s and API’s 60% obligation under the Cost Sharing Agreement and arbitration award on the one hand and their ongoing (since September 2014) 50% payments under the Funding Agreement on the other, as well as (2) the difference between the amount NCR received under the Funding Agreement and the amount owed to it under the Cost Sharing Agreement and arbitration award for the period from April 2012 through September 2014. As of March 31, 2022 and December 31, 2021, the receivable under the Funding Agreement was approximately $54 million and was included in Other assets in the Condensed Consolidated Balance Sheets. The timing of collection of sums related to the receivable is uncertain, subject and pursuant to the terms of the Funding Agreement and related agreements. This receivable is not taken into account in calculating the Company’s Fox River net reserve.

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

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

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

Company’s indemnitors and co-obligors, described below, were responsible for the majority of the award, with the Company’s share being approximately 25% of the award.

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

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

While it is possible there could be additional changes to some elements of the reserve over upcoming periods, all in river-remediation, site demolition and site decommissioning have been completed. Final reporting and site completion certification is expected this year. Nonetheless, 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 March 31, 2022 and December 31, 2021, the gross reserve for the Fox River matter was approximately $4 million. As of March 31, 2022 and December 31, 2021, the net reserve for the Fox River matter was approximately $26 million. NCR contributes to the LLC to fund remediation activities and generally, by contract, has funded certain amounts of remediation expenses in advance. As of March 31, 2022 and December 31, 2021, approximately zero remained from this funding. NCR's reserve for the Fox River matter is reduced as the LLC makes payments to the remediation contractor and other vendors with respect to remediation activities.

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

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

In connection with the Kalamazoo River site, in December 2010 the Company, along with two other defendants, was sued in federal court by three GP affiliate corporations in a private-party contribution and cost recovery action for alleged pollution. The suit, pending in Michigan, asks that the Company and other defendants pay a “fair portion” of these companies’ costs. Various removal and remedial actions remain to be decided upon and performed at the Kalamazoo River site, the total costs for which generally remain undetermined; in 2017, Records of Decisions were issued for two parts of the river, and in 2018 such a

decision was issued for another part of the river, but such decisions for the majority of the work are expected to be made only over the next several years. The suit alleges that the Company is liable to the GP entities as an “arranger” under CERCLA. The initial phase of the case was tried in a Michigan federal court in February 2013; on September 26, 2013 the court issued a decision that held NCR was liable as an “arranger” as of at least March 1969. (PCB-containing carbonless copy paper was produced from approximately 1954 to April 1971, and the majority of contamination at the Kalamazoo River site had occurred prior to 1969). NCR preserved its right to appeal the September 2013 decision.

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

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

During the pendency of the Sixth Circuit stay, the Company negotiated a settlement of the Kalamazoo River matter with the USEPA and other government agencies having oversight over the river. On December 5, 2019, the Company entered into a Consent Decree, filed with the District Court on December 11, 2019, and on December 2, 2020, the District Court approved the Consent Decree, which has now resolved all litigation associated with the river clean-up, including the Sixth Circuit appeal. The Consent Decree requires the Company to pay GP its 40% share of past costs, to pay the USEPA and state agencies their past and future administrative costs, and to dismiss its Sixth Circuit appeal. The Consent Decree further requires the Company to take responsibility for the remediation of a portion, but not all, of the Kalamazoo River. The Consent Decree further provides the Company protection from other PRPs, including GP, seeking contribution for their costs associated with the clean-up anywhere on the river, thereby resolving the allocation of future costs left unresolved by the June 19, 2019 judgment.

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

As of March 31, 2022 and December 31, 2021, the total reserve for Kalamazoo was $96 million and $99 million, respectively. The reserve is reported on a basis that is net of expected contributions from the Company's co-obligors and indemnitors, subject to when the applicable threshold is reached. While the Company believes its co-obligors' and indemnitors' obligations are as previously reported, the reserve reflects changes in positions taken by some of those co-obligors and indemnitors with respect to the Kalamazoo River. The contributions from its co-obligors and indemnitors are expected to range from $70 million to $150 million and the Company will continue to pursue such contribution.

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

verifiable, it is possible that the reserve the Company has taken to discontinued operations reflected in this paragraph could more than approximately double the reflected reserve.

Ebina The Company is engaged in cooperative regulatory compliance activities with the government of Japan in connection with certain environmental contaminants generated in its past operations in that country. The Company has quantities of PCB and other wastes primarily from its former plant at Oiso, Japan, including capsulated undiluted solutions manufactured in the past, capacitors, light ballasts and PCB-affected soil from the Oiso plant that was excavated and placed in steel drums. These wastes are stored in a facility at Ebina, Japan in accordance with Japanese regulations governing such materials. Over the past several years Japan has enacted and amended legislation governing such wastes, and has set a current deadline for treating and disposing of (at government-constructed disposal facilities) the highest-concentration wastes by 2027. Lower-concentration wastes can be and have been disposed of via private contractors, and as of March 31, 2022, NCR had disposed of approximately 68% of its lower-concentration wastes and approximately 47% of its higher-concentration wastes.

The Company and its consultants have met and communicated regularly with the Japanese agency charged with administration of the law, and are working with that agency on a program to manage disposal of the high-concentration wastes, including tests of technologies to make the disposal more efficient. The government has given its final approvals, and the Company started to dispose of the high-concentration wastes in 2021, with final deadlines for various of the government-constructed disposal sites currently set for 2022, 2023 and later. Low-concentration wastes are required to be contracted for disposal by 2027, a timetable that the Company expects to meet. In September 2019, the Company’s environmental consultants, following a series of communications and meetings with the Japanese agency, at the Company’s request prepared an estimate of remaining disposal costs over the coming several years. While the estimate is subject to a range of assumptions and uncertainties, including prospects of cost reduction in coordination with the agency as certain field testing to separate high-concentration and low-concentration waste progresses over the coming years, the Company adjusted its existing reserve for the matter to take into account this cost estimate. The reserve as of March 31, 2022 and December 31, 2021 is $15 million and $16 million, respectively. The Japan environmental waste issue is treated as a compliance matter and not as litigation or enforcement, and the Company has received no threats of litigation or enforcement.

Environmental-Related Insurance Recoveries In connection with the Fox River and other environmental sites, through March 31, 2022, NCR has received a combined gross total of approximately $205 million in settlements reached with various of its insurance carriers. Portions of many of these settlements agreed in the 2010 through 2013 timeframe are payable to a law firm that litigated the claims on the Company's behalf. Some of the settlements cover not only the Fox River but also other environmental sites; some are limited to either the Fox River or the Kalamazoo River site. Some of the settlements are directed to defense costs and some are directed to indemnity; some settlements cover both defense costs and indemnity. The Company does not anticipate that further material insurance recoveries specific to Kalamazoo River remediation costs will be available to it, but is currently in settlement discussions with certain carriers over amounts potentially owed to the Company. In December 2021, the Company recovered approximately $3 million as a result of those discussions. Settlement discussions are continuing with the remaining 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 March 31, 2022 and December 31, 2021, NCR had no material obligations related to such guarantees, and therefore its Condensed Consolidated Financial Statements do not have any associated liability balance.

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

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

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


In millions	2022		2021
Warranty reserve liability
Beginning balance as of January 1	$	19	$	18
Accruals for warranties issued	5		7
Settlements (in cash or in kind)	(7)		(7)
Ending balance as of March 31	$	17	$	18

In addition, NCR provides its customers with certain indemnification rights. In general, NCR agrees to indemnify the customer if a third-party asserts patent or other infringement on the part of its customers for its use of the Company’s products subject to certain conditions that are generally standard within the Company’s industries. On limited occasions the Company will undertake additional indemnification obligations for business reasons. From time to time, NCR also enters into agreements in connection with its acquisition and divestiture activities that include indemnification obligations by the Company. The fair value of these indemnification obligations is not readily determinable due to the conditional nature of the Company’s potential obligations and the specific facts and circumstances involved with each particular agreement. The Company has not recorded a liability in connection with these indemnifications, and no current indemnification instance is material to the Company’s financial position. Historically, payments made by the Company under these types of agreements have not had a material effect on the Company’s condensed consolidated financial condition, results of operations or cash flows.

Purchase Commitments The Company has purchase commitments for materials, supplies, services, and property, plant and equipment as part of the normal course of business. This includes a long-term service agreement with Accenture, under which many of NCR's key transaction processing activities and functions are performed.

Accumulated Other Comprehensive Income (Loss) (AOCI) - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	$ (313)	$ (238)
Research and development expenses	(65)	(66)
Interest Expense	63	45
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(34)	31
Income tax expense	(13)	(17)
Net income (loss) attributable to NCR common stockholders	(38)	26
Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(492)	(408)
Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	(963)	(722)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	(1)
Income tax expense	0	0
Net income (loss) attributable to NCR common stockholders	0	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Research and development expenses	0
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	(1)
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1	0
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Research and development expenses	0
Changes in Fair Value of Effective Cash Flow Hedges \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	1	0
Effective Cash Flow Hedge Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	0
Effective Cash Flow Hedge Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Research and development expenses	0
Effective Cash Flow Hedge Loss (Gain) \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Selling, General and Administrative Expense	0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(1)	(1)
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Product
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	0	0
Research and development expenses	0
Amortization of Prior Service Benefit \| Reclassification out of Accumulated Other Comprehensive Income [Member] \| Service [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Cost of revenue	$ (1)	$ (1)

Stock Compensation Plans - Valuation Assumptions Used for Stock Options (Details)	3 Months Ended
	Mar. 31, 2022
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate period of U.S. Treasury yield	3 years

Employee Benefit Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	$ 4
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	13
Total estimated contributions by employer during fiscal year	17
Postretirement Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Plan assets contributions by employer	0
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	1
Total estimated contributions by employer during fiscal year	1
Postemployment Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net benefit cost	13	$ 6
Plan assets contributions by employer	7
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year	30
Total estimated contributions by employer during fiscal year	$ 23

- Definition

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

+ References + Details

Derivatives and Hedging Instruments - Derivative Fair Values (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	$ 24	$ 19
Derivative Liabilities, Fair Value	16	1
Proceeds from Interest Rate Cap	$ 64
Minimum
Derivatives, Fair Value [Line Items]
Derivative, Average Variable Interest Rate	2.078%
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	$ 23	18
Derivative Liabilities, Fair Value	13	0
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount		2,000
Derivative Assets, Fair Value		18
Derivatives designated as hedging instruments \| Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities, Fair Value		0
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	2,250
Derivative Assets, Fair Value	23
Derivatives designated as hedging instruments \| Interest Rate Cap \| Other Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	196
Derivative Liabilities, Fair Value	13
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value	1	1
Derivative Liabilities, Fair Value	3	1
Derivatives not designated as hedging instruments \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Assets, Fair Value		1
Derivatives not designated as hedging instruments \| Foreign exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Notional Amount	224	278
Derivative Assets, Fair Value	1
Derivatives not designated as hedging instruments \| Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount	459	396
Derivative Liabilities, Fair Value	$ 3	$ 1

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

3 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Changes in AOCI by Component

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component


In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance as of December 31, 2021	$	(275)	$	(24)	$	8	$	(291)
Other comprehensive income (loss) before reclassifications	(26)		—		44		18
Amounts reclassified from AOCI	—		(1)		1		—
Net current period other comprehensive (loss) income	(26)		(1)		45		18
Balance as of March 31, 2022	$	(301)	$	(25)	$	53	$	(273)

Reclassification out of AOCI

Reclassifications Out of AOCI


		For the three months ended March 31, 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)		1		—
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Total before tax	$	—	$	(1)	$	1	$	—
	Tax expense							—
	Total reclassifications, net of tax							$	—


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



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

Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Debt Obligations

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


		March 31, 2022			December 31, 2021
In millions, except percentages		Amount		Weighted-Average Interest Rate	Amount		Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility (1)		$	81	2.31%	$	56	2.63%
Other (1)		2		2.13%	1		2.13%
	Total short-term borrowings	$	83		$	57
Long-Term Debt
Senior Secured Credit Facility:
	Term loan facility (1)	$	1,857	2.47%	$	1,884	2.63%
	Revolving credit facility (1)	415		2.54%	380		2.36%
Senior notes:

	5.750% Senior Notes due 2027	500			500
	5.000% Senior Notes due 2028	650			650
	5.125% Senior Notes due 2029	1,200			1,200
	6.125% Senior Notes due 2029	500			500
	5.250% Senior Notes due 2030	450			450
Deferred financing fees		(57)			(60)
Other (1)		1		6.60%	1		6.62%
	Total long-term debt	$	5,516		$	5,505

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

Goodwill and Long-Lived Assets - Goodwill by Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	$ (169)
Period End Goodwill, Total	4,570	$ 4,519
Acquired Goodwill	45
Impairment	0
Other	6
Goodwill, Impaired, Accumulated Impairment Loss	(169)
Goodwill, Gross	4,739	4,688
Payments & Network Segment
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	0
Period End Goodwill, Total	1,035	988
Acquired Goodwill	45
Impairment	0
Other	2
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, Gross	1,035	988
Digital Banking
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	0
Period End Goodwill, Total	596	595
Acquired Goodwill	0
Impairment	0
Other	1
Goodwill, Impaired, Accumulated Impairment Loss	0
Goodwill, Gross	596	595
Self-Service Banking Segments
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	(101)
Period End Goodwill, Total	1,538	1,534
Acquired Goodwill	0
Impairment	0
Other	4
Goodwill, Impaired, Accumulated Impairment Loss	(101)
Goodwill, Gross	1,639	1,635
Retail
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	(34)
Period End Goodwill, Total	980	981
Acquired Goodwill	0
Impairment	0
Other	(1)
Goodwill, Impaired, Accumulated Impairment Loss	(34)
Goodwill, Gross	1,014	1,015
Hospitality
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	(23)
Period End Goodwill, Total	269	269
Acquired Goodwill	0
Impairment	0
Other	0
Goodwill, Impaired, Accumulated Impairment Loss	(23)
Goodwill, Gross	292	292
Other
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	(11)
Period End Goodwill, Total	152	152
Acquired Goodwill	0
Impairment	0
Other	0
Goodwill, Impaired, Accumulated Impairment Loss	(11)
Goodwill, Gross	$ 163	$ 163

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Liability

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


In millions	2022		2021
Warranty reserve liability
Beginning balance as of January 1	$	19	$	18
Accruals for warranties issued	5		7
Settlements (in cash or in kind)	(7)		(7)
Ending balance as of March 31	$	17	$	18

Business Combinations - Acquisition of LibertyX (Details) - LibertyX - USD ($) $ / shares in Units, shares in Thousands, $ in Millions		3 Months Ended
	Jan. 05, 2022	Mar. 31, 2022
Business Acquisition [Line Items]
Share consideration value	$ 1
Acquired share price (in dollars per share)	$ 42.13
Number of shares converted (in shares)	200
Shares issued (in shares)	1,400
Purchase consideration		$ 69

Basis of Presentation and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accompanying Condensed Consolidated Financial Statements have been prepared by NCR Corporation (“NCR”, the “Company”, “we” or “us”) without audit pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and, in the opinion of management, include all adjustments (consisting of normal, recurring adjustments, unless otherwise disclosed) necessary for a fair statement of the condensed consolidated results of operations, financial position, and cash flows for each period presented. The consolidated results for the interim periods are not necessarily indicative of results to be expected for the full year. The 2021 year-end Condensed Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). These financial statements should be read in conjunction with NCR’s Form 10-K for the year ended December 31, 2021.

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

Conflict in Eastern Europe The war in Eastern Europe and related sanctions imposed on Russia and related actors by the United States and other jurisdictions required us to orderly wind down our operations in Russia beginning in the first quarter of 2022. As a result of these actions, the operations of the business in Russia were significantly reduced, and our results for the three months ending March 31, 2022 reflect the impact of the impairment and write down of the assets and liabilities of the entity, severance charges, and the assessment of collectability on revenue recognition. We recognized a loss of $19 million for the three months ending March 31, 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.

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 novel coronavirus (COVID-19) pandemic, macroeconomic pressures and geopolitical challenges. The ultimate impact on our overall financial condition and operating results will depend on the currently unknowable duration and severity of the pandemic, supply chain challenges and cost escalations including materials, interest, labor and freight, and any additional governmental and public actions taken in response. As a result, our accounting estimates and assumptions may change over time as a consequence of the effects of COVID-19 and other external factors. Such changes could result in future impairments of goodwill, intangible assets, long-lived assets, incremental credit losses on accounts receivable and decreases in the carrying amount of our tax assets.

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

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

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


In millions		March 31
	Balance Sheet Location	2022		2021
Cash and cash equivalents	Cash and cash equivalents	$	412	$	319
Long term restricted cash	Other assets	7		8
Funds held for client	Restricted cash	54		44
Cash included in settlement processing assets	Restricted cash	219		20
Total cash, cash equivalents and restricted cash		$	692	$	391

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


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2022		December 31, 2021
Current portion of contract liabilities	Contract liabilities	$	625	$	516
Non-current portion of contract liabilities	Other liabilities	$	65	$	69

During the three months ended March 31, 2022, the Company recognized $228 million in revenue that was included in contract liabilities as of December 31, 2021. During the three months ended March 31, 2021 the Company recognized $255 million in revenue that was included in contract liabilities as of December 31, 2020.

Remaining Performance Obligations Remaining performance obligations represent the transaction price of orders for which products have not been delivered or services have not been performed. As of March 31, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $4.2 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 which affect the value of remaining performance obligations described above. We do

not disclose remaining performance obligations for contracts where variable consideration is directly allocated based on usage or when the original expected duration is one year or less. Additionally, we do not disclose remaining performance obligations for contracts where we recognize revenue from the satisfaction of the performance obligation in accordance with the 'right to invoice' practical expedient.

Recent Accounting Pronouncements

Adoption of New Accounting Pronouncements

In August 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, with new guidance for convertible preferred stock, which eliminates considerations related to the beneficial conversion feature model. The standard also requires an average stock price when calculating the denominator for diluted earnings per share to be used for stock units where the settlement of the number of shares is based on the stock price. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2021. Early adoption was permitted no earlier than fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The adoption of this accounting standards update did not have a material effect on the Company's net income, cash flows, earnings per share or financial condition.

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

Accounting Pronouncements Issued But Not Yet Adopted

In October 2021, the FASB issued accounting standards update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, with new guidance for contract assets and contract liabilities acquired in a business combination. The new guidance requires contract assets and contract liabilities, such as deferred revenue, acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standard Codification (“ASC”) 606, Revenue from Contracts with Customers. Prior to the issuance of this guidance, contract assets and contract liabilities were recognized by the acquirer at fair value on the acquisition date. The accounting standards update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted and should be applied prospectively to acquisitions occurring on or after the effective date. The adoption of this accounting standards update is not expected to have a material effect on the Company's net income, cash flows, earnings per share or financial condition.

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