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Employee Benefit Plans
6 Months Ended
Jun. 30, 2011
Employee Benefit Plans [Abstract]  
Employee Benefit Plans
EMPLOYEE BENEFIT PLANS
Components of net periodic benefit cost for the three months ended June 30 were as follows:
In millions
U.S. Pension Benefits
 
International Pension Benefits
 
Total Pension Benefits
2011
 
2010
 
2011
 
2010
 
2011
 
2010
Net service cost
$—
 
$—
 
$4
 
$3
 
$4
 
$3
Interest cost
46
 
47
 
23
 
22
 
69
 
69
Expected return on plan assets
(39)
 
(42)
 
(28)
 
(26)
 
(67)
 
(68)
Settlement charge
 
 
1
 
 
1
 
Amortization of:


 


 


 


 
 
 
 
Prior service cost
 
 
1
 
 
1
 
Actuarial loss
29
 
30
 
16
 
16
 
45
 
46
Net benefit cost
$36
 
$35
 
$17
 
$15
 
$53
 
$50
Components of net periodic benefit cost for the six months ended June 30 were as follows:
In millions
U.S. Pension Benefits
 
International Pension Benefits
 
Total Pension Benefits
2011
 
2010
 
2011
 
2010
 
2011
 
2010
Net service cost
$—
 
$—
 
$8
 
$7
 
$8
 
$7
Interest cost
91
 
94
 
45
 
45
 
136
 
139
Expected return on plan assets
(78)
 
(83)
 
(55)
 
(55)
 
(133)
 
(138)
Settlement charge
 
 
1
 
6
 
1
 
6
Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service cost
 
 
2
 
 
2
 
Actuarial loss
58
 
60
 
32
 
32
 
90
 
92
Net benefit cost
$71
 
$71
 
$33
 
$35
 
$104
 
$106


The income from the postretirement plan for the three and six months ended June 30 was:
In millions
Three months ended June 30
 
Six months ended June 30
2011
 
2010
 
2011
 
2010
Interest cost
$1
 
$2
 
$1
 
$3
Amortization of:


 
 
 
 
 
 
   Prior service benefit
(5)
 
(4)
 
(9)
 
(7)
   Actuarial loss
1
 
1
 
2
 
2
Net postretirement income
$(3)
 
$(1)
 
$(6)
 
$(2)




The cost of the postemployment plan for the three and six months ended June 30 was:
In millions
Three months ended June 30
 
Six months ended June 30
2011
 
2010
 
2011
 
2010
Net service cost
$7
 
$7
 
$13
 
$13
Interest cost
2
 
3
 
5
 
6
Amortization of:


 
 
 
 
 
 
   Prior service cost
(7)
 
 
(7)
 
   Actuarial loss
4
 
3
 
7
 
6
Total postemployment cost
$6
 
$13
 
$18
 
$25


During the second quarter of 2011, NCR announced a change in the long term disability benefits provided to former employees, effective July 1, 2011. This action reduced the actuarial liability associated with this benefit by approximately $6 million in the second quarter of 2011.


Employer Contributions
Pension - For the three months ended June 30, 2011, NCR contributed approximately $22 million to its international pension plans and $2 million to its executive pension plan. For the six months ended June 30, 2011, NCR contributed approximately $40 million to its international pension plans and $4 million to its executive pension plan. NCR anticipates contributing an additional $75 million to its international pension plans for a total of $115 million and an additional $6 million to its executive pension plan for a total of $10 million in 2011. NCR does not anticipate making cash contributions to its U.S. qualified pension plan in 2011.
Postretirement - For the three and six months ended June 30, 2011, NCR made $3 million and $6 million, respectively, in contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $4 million to its U.S. postretirement plan for a total of $10 million in 2011.
Postemployment - For the three and six months ended June 30, 2011, NCR contributed approximately $8 million and $12 million, respectively, to its postemployment plans. NCR anticipates contributing an additional $38 million to its postemployment plans in 2011 for a total of $50 million.