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Guarantor Financial Statements (Tables)
12 Months Ended
Dec. 31, 2012
Guarantor Financials [Abstract]  
Schedule of Condensed Financial Statements [Table Text Block]
The following supplemental information sets forth, on a consolidating basis, the condensed statements of operations and comprehensive income (loss), the condensed balance sheets and the condensed statements of cash flows for the parent issuer of the Notes, for the Guarantor Subsidiaries and for the Company and all of its consolidated subsidiaries (amounts in millions):



Condensed Consolidating Statements of Operations and Comprehensive Income
For the year ended December 31, 2012
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
988

 
$
279

 
$
1,869

 
$
(282
)
 
$
2,854

Service revenue
981

 
224

 
1,671

 

 
2,876

Total revenue
1,969

 
503

 
3,540

 
(282
)
 
5,730

Cost of products
762

 
134

 
1,530

 
(282
)
 
2,144

Cost of services
598

 
95

 
1,248

 

 
1,941

Selling, general and administrative expenses
296

 
108

 
338

 

 
742

Research and development expenses
44

 
22

 
89

 

 
155

Total operating expenses
1,700

 
359

 
3,205

 
(282
)
 
4,982

Income (loss) from operations
269

 
144

 
335

 

 
748

Interest expense
(46
)
 
(17
)
 
(4
)
 
25

 
(42
)
Other (expense) income, net
(80
)
 
(9
)
 
106

 
(25
)
 
(8
)
Income (loss) from continuing operations before income taxes
143

 
118

 
437

 

 
698

Income tax expense (benefit)
85

 
69

 
69

 

 
223

Income (loss) from continuing operations before earnings in subsidiaries
58

 
49

 
368

 

 
475

Equity in earnings of consolidated subsidiaries
420

 
194

 

 
(614
)
 

Income (loss) from continuing operations
478

 
243

 
368

 
(614
)
 
475

Income (loss) from discontinued operations, net of tax
3

 

 
3

 

 
6

Net income (loss)
$
481

 
$
243

 
$
371

 
$
(614
)
 
$
481

Net (loss) income attributable to noncontrolling interests

 

 

 

 

Net income (loss) attributable to NCR
$
481

 
$
243

 
$
371

 
$
(614
)
 
$
481

Total comprehensive income (loss)
463

 
348

 
362

 
(714
)
 
459

Less comprehensive income (loss) attributable to noncontrolling interests

 

 
(4
)
 

 
(4
)
Comprehensive income (loss) attributable to NCR common stockholders
$
463

 
$
348

 
$
366

 
$
(714
)
 
$
463




Condensed Consolidating Statements of Operations and Comprehensive Income
For the year ended December 31, 2011
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
974

 
$
172

 
$
1,705

 
$
(259
)
 
$
2,592

Service revenue
986

 
64

 
1,649

 

 
2,699

Total revenue
1,960

 
236

 
3,354

 
(259
)
 
5,291

Cost of products
785

 
57

 
1,439

 
(259
)
 
2,022

Cost of services
1,016

 
39

 
1,263

 

 
2,318

Selling, general and administrative expenses
489

 
47

 
354

 

 
890

Research and development expenses
123

 
7

 
79

 

 
209

Total operating expenses
2,413

 
150

 
3,135

 
(259
)
 
5,439

Income (loss) from operations
(453
)
 
86

 
219

 

 
(148
)
Interest expense
(18
)
 
(7
)
 
(6
)
 
18

 
(13
)
Other (expense) income, net
(5
)
 
(13
)
 
33

 
(18
)
 
(3
)
Income (loss) from continuing operations before income taxes
(476
)
 
66

 
246

 

 
(164
)
Income tax expense (benefit)
(156
)
 
44

 
46

 

 
(66
)
Income (loss) from continuing operations before earnings in subsidiaries
(320
)
 
22

 
200

 

 
(98
)
Equity in earnings of consolidated subsidiaries
225

 
192

 

 
(417
)
 

Income (loss) from continuing operations
(95
)
 
214

 
200

 
(417
)
 
(98
)
Income (loss) from discontinued operations, net of tax
(95
)
 

 
2

 

 
(93
)
Net income (loss)
$
(190
)
 
$
214

 
$
202

 
$
(417
)
 
$
(191
)
Net (loss) income attributable to noncontrolling interests

 

 
(1
)
 

 
(1
)
Net income (loss) attributable to NCR
$
(190
)
 
$
214

 
$
203

 
$
(417
)
 
$
(190
)
Total comprehensive income (loss)
(171
)
 
172

 
229

 
(400
)
 
(170
)
Less comprehensive income (loss) attributable to noncontrolling interests

 

 
1

 

 
1

Comprehensive income (loss) attributable to NCR common stockholders
$
(171
)
 
$
172

 
$
228

 
$
(400
)
 
$
(171
)

Condensed Consolidating Statements of Operations and Comprehensive Income
For the year ended December 31, 2010
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
852

 
$
113

 
$
1,597

 
$
(261
)
 
$
2,301

Service revenue
922

 
23

 
1,465

 

 
2,410

Total revenue
1,774

 
136

 
3,062

 
(261
)
 
4,711

Cost of products
687

 
33

 
1,330

 
(261
)
 
1,789

Cost of services
757

 
12

 
1,076

 

 
1,845

Selling, general and administrative expenses
333

 
5

 
298

 

 
636

Research and development expenses
42

 

 
101

 

 
143

Total operating expenses
1,819

 
50

 
2,805

 
(261
)
 
4,413

Income (loss) from operations
(45
)
 
86

 
257

 

 
298

Interest expense
(30
)
 
(1
)
 
(9
)
 
38

 
(2
)
Other (expense) income, net
(19
)
 
19

 
27

 
(38
)
 
(11
)
Income (loss) from continuing operations before income taxes
(94
)
 
104

 
275

 

 
285

Income tax expense (benefit)
(24
)
 
18

 
11

 

 
5

Income (loss) from continuing operations before earnings in subsidiaries
(70
)
 
86

 
264

 

 
280

Equity in earnings of consolidated subsidiaries
350

 
116

 

 
(466
)
 

Income (loss) from continuing operations
280

 
202

 
264

 
(466
)
 
280

Income (loss) from discontinued operations, net of tax
(13
)
 

 
3

 

 
(10
)
Net income (loss)
$
267

 
$
202

 
$
267

 
$
(466
)
 
$
270

Net (loss) income attributable to noncontrolling interests

 

 
3

 

 
3

Net income (loss) attributable to NCR
$
267

 
$
202

 
$
264

 
$
(466
)
 
$
267

Total comprehensive income (loss)
308

 
106

 
316

 
(417
)
 
313

Less comprehensive income (loss) attributable to noncontrolling interests

 

 
5

 

 
5

Comprehensive income (loss) attributable to NCR common stockholders
$
308

 
$
106

 
$
311

 
$
(417
)
 
$
308




Condensed Consolidating Balance Sheet
December 31, 2012
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
555

 
22

 
492

 

 
1,069

Accounts receivable, net
243

 
84

 
759

 

 
1,086

Inventories, net
273

 
40

 
484

 

 
797

Due from affliates
623

 
693

 
479

 
(1,795
)
 

Other current assets
244

 
41

 
204

 
(35
)
 
454

Total current assets
1,938

 
880

 
2,418

 
(1,830
)
 
3,406

Property, plant and equipment, net
145

 
4

 
159

 

 
308

Goodwill
273

 
568

 
162

 

 
1,003

Intangibles
17

 
245

 
42

 

 
304

Prepaid pension cost

 

 
368

 

 
368

Deferred income taxes
470

 

 
70

 
(8
)
 
532

Investments in subsidiaries
2,185

 
640

 

 
(2,825
)
 

Due from affliates
26

 
20

 
238

 
(284
)
 

Other assets
313

 
48

 
87

 

 
448

Total assets
$
5,367

 
$
2,405

 
$
3,544

 
$
(4,947
)
 
$
6,369

 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
71

 

 
1

 

 
72

Accounts payable
204

 
22

 
385

 

 
611

Payroll and benefits liabilities
93

 

 
93

 

 
186

Deferred service revenue and customer deposits
104

 
30

 
321

 

 
455

Due to affliates
687

 
578

 
530

 
(1,795
)
 

Other current liabilities
169

 
28

 
256

 
(35
)
 
418

Total current liabilities
1,328

 
658

 
1,586

 
(1,830
)
 
1,742

Long-term debt
1,889

 

 
2

 

 
1,891

Pension and indemnity plan liabilities
434

 
1

 
370

 

 
805

Postretirement and postemployment benefits liabilities
79

 

 
167

 

 
246

Income tax accruals
3

 
8

 
127

 

 
138

Environmental liabilities
171

 

 

 

 
171

Due to affliates
195

 
60

 
29

 
(284
)
 

Other liabilities
16

 
15

 
56

 
(8
)
 
79

Total liabilities
4,115

 
742

 
2,337

 
(2,122
)
 
5,072

Redeemable noncontrolling interest

 

 
15

 

 
15

Stockholders’ equity
 
 
 
 
 
 
 
 
 
Total NCR stockholders’ equity
1,252

 
1,663

 
1,162

 
(2,825
)
 
1,252

Noncontrolling interests in subsidiaries

 

 
30

 

 
30

Total stockholders’ equity
1,252

 
1,663

 
1,192

 
(2,825
)
 
1,282

Total liabilities and stockholders’ equity
$
5,367

 
$
2,405

 
$
3,544

 
$
(4,947
)
 
$
6,369



Condensed Consolidating Balance Sheet
December 31, 2011
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
30

 
13

 
355

 

 
398

Accounts receivable, net
283

 
56

 
693

 

 
1,032

Inventories, net
294

 
38

 
442

 

 
774

Due from affliates
819

 
680

 
458

 
(1,957
)
 

Other current assets
123

 
5

 
199

 
(16
)
 
311

Total current assets
1,549

 
792

 
2,147

 
(1,973
)
 
2,515

Property, plant and equipment, net
193

 
11

 
161

 

 
365

Goodwill
237

 
540

 
136

 

 
913

Intangibles
6

 
275

 
31

 

 
312

Prepaid pension cost

 

 
319

 

 
319

Deferred income taxes
716

 

 
80

 
(49
)
 
747

Investments in subsidiaries
1,611

 
183

 

 
(1,794
)
 

Due from affliates
37

 
20

 
231

 
(288
)
 

Other assets
300

 
49

 
84

 

 
433

Total assets
$
4,649

 
$
1,870

 
$
3,189

 
$
(4,104
)
 
$
5,604

 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
1

 

 

 

 
1

Accounts payable
187

 
11

 
327

 

 
525

Payroll and benefits liabilities
91

 
19

 
111

 

 
221

Deferred service revenue and customer deposits
90

 
31

 
297

 

 
418

Due to affliates
675

 
664

 
618

 
(1,957
)
 

Other current liabilities
176

 
18

 
216

 
(16
)
 
394

Total current liabilities
1,220

 
743

 
1,569

 
(1,973
)
 
1,559

Long-term debt
850

 

 
2

 

 
852

Pension and indemnity plan liabilities
1,349

 
1

 
389

 

 
1,739

Postretirement and postemployment benefits liabilities
89

 

 
167

 

 
256

Income tax accruals
4

 
9

 
135

 

 
148

Environmental liabilities
220

 

 

 

 
220

Due to affliates
190

 
58

 
40

 
(288
)
 

Other liabilities
9

 
49

 
53

 
(49
)
 
62

Total liabilities
3,931

 
860

 
2,355

 
(2,310
)
 
4,836

Redeemable noncontrolling interest

 

 
15

 

 
15

Stockholders’ equity
 
 
 
 
 
 
 
 
 
Total NCR stockholders’ equity
718

 
1,010

 
784

 
(1,794
)
 
718

Noncontrolling interests in subsidiaries

 

 
35

 

 
35

Total stockholders’ equity
718

 
1,010

 
819

 
(1,794
)
 
753

Total liabilities and stockholders’ equity
$
4,649

 
$
1,870

 
$
3,189

 
$
(4,104
)
 
$
5,604



Condensed Consolidating Statement of Cash Flows
December 31, 2012
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
(591
)
 
$
210

 
$
211

 
$
(10
)
 
$
(180
)
Investing activities
 
 
 
 
 
 
 
 
 
Expenditures for property, plant and equipment
(36
)
 
(8
)
 
(36
)
 

 
(80
)
Proceeds from sales of property, plant and equipment

 

 
8

 

 
8

Additions to capitalized software
(51
)
 
(12
)
 
(17
)
 

 
(80
)
Business acquisitions, net of cash acquired
(46
)
 
(24
)
 
(38
)
 

 
(108
)
Proceeds from (payments of) intercompany notes
171

 
96

 
11

 
(278
)
 

Investments in equity affiliates
(21
)
 
(90
)
 

 
111

 

Other investing activities, net
(6
)
 
10

 

 

 
4

Net cash provided by (used in) investing activities
11

 
(28
)
 
(72
)
 
(167
)
 
(256
)
Financing activities
 
 
 
 
 
 
 
 
 
Tax withholding payments on behalf of employees
(12
)
 

 

 

 
(12
)
Proceeds from employee stock plans
53

 

 

 

 
53

Equity contribution

 

 
111

 
(111
)
 

Borrowings on term credit facility
150

 

 

 

 
150

Payments on revolving credit facility
(860
)
 

 

 

 
(860
)
Borrowings on revolving credit facility
720

 

 

 

 
720

Proceeds from bond offerings
1,100

 

 

 

 
1,100

Debt issuance cost
(19
)
 

 

 

 
(19
)
Borrowings (repayments) of intercompany notes
(11
)
 
(171
)
 
(96
)
 
278

 

Dividend distribution to minority shareholder

 

 
(1
)
 

 
(1
)
Dividend distribution to consolidated subsidiaries

 
(2
)
 
(8
)
 
10

 

Net cash provided by (used in) financing activities
1,121

 
(173
)
 
6

 
177

 
1,131

Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
(114
)
 

 

 

 
(114
)
Net cash provided by (used in) investing activities
99

 

 

 

 
99

Net cash used in discontinued operations
(15
)
 

 

 

 
(15
)
Effect of exchange rate changes on cash and cash equivalents
(1
)
 

 
(8
)
 

 
(9
)
Increase (decrease) in cash and cash equivalents
525

 
9

 
137

 

 
671

Cash and cash equivalents at beginning of period
30

 
13

 
355

 

 
398

Cash and cash equivalents at end of period
$
555

 
$
22

 
$
492

 
$

 
$
1,069


Condensed Consolidating Statement of Cash Flows
December 31, 2011
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
335

 
$
(30
)
 
$
145

 
$
(62
)
 
$
388

Investing activities
 
 
 
 
 
 
 
 
 
Expenditures for property, plant and equipment
(28
)
 
(3
)
 
(30
)
 

 
(61
)
Proceeds from sales of property, plant and equipment

 

 
2

 

 
2

Additions to capitalized software
(43
)
 
(3
)
 
(16
)
 

 
(62
)
Business acquisitions, net of cash acquired
(1,085
)
 

 

 

 
(1,085
)
Proceeds from (payments of) intercompany notes
104

 
138

 
(12
)
 
(230
)
 

Investments in equity affiliates
(11
)
 

 

 
11

 

Net cash (used in) provided by investing activities
(1,063
)
 
132

 
(56
)
 
(219
)
 
(1,206
)
Financing activities
 
 
 
 
 
 
 
 
 
Repurchase of Company common stock
(70
)
 

 

 

 
(70
)
Proceeds from employee stock plans
18

 

 

 

 
18

Excess tax benefit from stock-based compensation
1

 

 

 

 
1

Equity contribution

 

 
11

 
(11
)
 

Borrowings on term credit facility
700

 

 

 

 
700

Payments on revolving credit facility
(260
)
 

 

 

 
(260
)
Borrowings on revolving credit facility
400

 

 

 

 
400

Debt issuance cost
(29
)
 

 

 

 
(29
)
Borrowings (repayments) of intercompany notes
11

 
(47
)
 
(194
)
 
230

 

Proceeds from sale of noncontrolling interest

 

 
43

 

 
43

Dividend distribution to minority shareholder

 

 
(1
)
 

 
(1
)
Dividend distribution to consolidated subsidiaries

 
(51
)
 
(11
)
 
62

 

Net cash provided by (used in) financing activities
771

 
(98
)
 
(152
)
 
281

 
802

Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
(37
)
 

 

 

 
(37
)
Net cash used in investing activities
(40
)
 

 

 

 
(40
)
Net cash used in discontinued operations
(77
)
 

 

 

 
(77
)
Effect of exchange rate changes on cash and cash equivalents
(1
)
 

 
(4
)
 

 
(5
)
Increase (decrease) in cash and cash equivalents
(35
)
 
4

 
(67
)
 

 
(98
)
Cash and cash equivalents at beginning of period
65

 
9

 
422

 

 
496

Cash and cash equivalents at end of period
$
30

 
$
13

 
$
355

 
$

 
$
398

Condensed Consolidating Statement of Cash Flows
December 31, 2010
(in millions)
Parent Issuer
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash (used in) provided by operating activities
$
299

 
$
(5
)
 
$
66

 
$
(81
)
 
$
279

Investing activities
 
 
 
 
 
 
 
 
 
Grant reimbursements from capital expenditures
5

 

 

 

 
5

Expenditures for property, plant and equipment
(44
)
 
(1
)
 
(29
)
 

 
(74
)
Proceeds from sales of property, plant and equipment

 

 
39

 

 
39

Additions to capitalized software
(40
)
 

 
(17
)
 

 
(57
)
Proceeds from (payments of) intercompany notes
(70
)
 
6

 
(2
)
 
66

 

Other investing activities, net
(24
)
 

 

 

 
(24
)
Net cash (used in) provided by investing activities
(173
)
 
5

 
(9
)
 
66

 
(111
)
Financing activities
 
 
 
 
 
 
 
 
 
Repurchase of Company common stock
(20
)
 

 

 

 
(20
)
Proceeds from employee stock plans
11

 

 

 

 
11

Repayment of short-term borrowings

 

 
(4
)
 

 
(4
)
Repayment of long-term debt
(1
)
 

 

 

 
(1
)
Payments on revolving credit facility
(75
)
 

 

 

 
(75
)
Borrowings on revolving credit facility
75

 

 

 

 
75

Borrowings (repayments) of intercompany notes

 

 
66

 
(66
)
 

Dividend distribution to consolidated subsidiaries

 

 
(81
)
 
81

 

Net cash provided by (used in) financing activities
(10
)
 

 
(19
)
 
15

 
(14
)
Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
(16
)
 

 

 

 
(16
)
Net cash used in investing activities
(100
)
 

 

 

 
(100
)
Net cash used in discontinued operations
(116
)
 

 

 

 
(116
)
Effect of exchange rate changes on cash and cash equivalents

 

 
7

 

 
7

Increase (decrease) in cash and cash equivalents

 

 
45

 

 
45

Cash and cash equivalents at beginning of period
65

 
9

 
377

 

 
451

Cash and cash equivalents at end of period
$
65

 
$
9

 
$
422

 
$

 
$
496


The preceding information presents condensed consolidating statements of operations and comprehensive income, balance sheets and statements of cash flows of the Parent Issuer, the Guarantors, and the Non-Guarantors. Certain amounts included in the condensed consolidating balance sheets and statements of cash flows have been revised to correct the presentation of certain transactions. We determined that these revisions were immaterial to our current and previously issued financial statements. As a result, we have revised the previously issued condensed consolidating financial statements included in this filing. These revisions had no impact on any consolidated total of the consolidating financial statements or of the consolidated financial statements. The revisions were as follows:
At December 31, 2012, the Non-Guarantors’ amounts due to affiliates were reduced by $53 million with a corresponding increase of $46 million to the Guarantors and $7 million to the Issuer Parent. At December 31, 2011, the Non-Guarantors’ amounts due to affiliates were reduced by $61 million with a corresponding increase of $44 million to the Guarantors and $17 million to the Issuer Parent. For the year ended December 31, 2012, cash outflows of the Issuer Parent for certain business acquisitions were reduced by $31 million, with corresponding increases to the Guarantors of $7 million and Non-Guarantor of $24 million.