Quarterly Information (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Information

17. QUARTERLY INFORMATION (unaudited)

In millions, except per share amounts	First			Second		Third			Fourth
2013
Total revenue	$	1,410		$	1,535	$	1,508		$	1,670
Gross margin	369			426		415			530
Operating income	85			139		145			297
Income from continuing operations (attributable to NCR)	62			86		98			206
(Loss) from discontinued operations, net of tax	(1		)	—		—			(8		)
Net income attributable to NCR	$	61		$	86	$	98		$	198
Income per share attributable to NCR common stockholders:
Income per common share from continuing operations
Basic	$	0.38		$	0.52	$	0.59		$	1.24
Diluted	$	0.37		$	0.51	$	0.58		$	1.21
Net income per common share:
Basic	$	0.37		$	0.52	$	0.59		$	1.19
Diluted	$	0.36		$	0.51	$	0.58		$	1.16
2012
Total revenue	$	1,244		$	1,409	$	1,435		$	1,642
Gross margin	315			374		382			574
Operating income	78			130		129			411
Income from continuing operations (attributable to NCR)	59			89		88			239
(Loss) income from discontinued operations, net of tax	(9		)	13		(1		)	3
Net income attributable to NCR	$	50		$	102	$	87		$	242
Income per share attributable to NCR common stockholders:
Income per common share from continuing operations
Basic	$	0.37		$	0.56	$	0.55		$	1.49
Diluted	$	0.36		$	0.54	$	0.53		$	1.45
Net income per common share:
Basic	$	0.32		$	0.64	$	0.55		$	1.51
Diluted	$	0.31		$	0.62	$	0.53		$	1.47

As described in Note 2, “Pension Benefit Plan Accounting Methodology Changes,” our results have been revised for the retrospective application of our accounting methodology for recognizing costs for all of our company-sponsored U.S. and international pension benefit plans. For the quarter ended December 31, 2012, operating loss was previously reported as $7 million, net loss attributable to NCR was previously reported as $20 million, and basic and diluted loss per share was previously reported as $0.12. For the quarter ended December 31, 2013, if we had not elected to change our accounting methodology, operating income would have been $124 million, net income attributable to NCR would have been $82 million, basic earnings per share would have been $0.49, and diluted earnings per share would have been $0.48.

Operating income for the quarter ended December 31, 2013 was impacted by actuarial gains related to the remeasurement of our pension plan assets and liabilities. The actuarial gains included in pension benefit recognized in the quarter ended December 31, 2013 increased operating income by $104 million, net income attributable to NCR by $73 million, basic earnings per share by $0.44, and diluted earnings per share by $0.43.

Operating income for the quarter ended December 31, 2012 was impacted by actuarial gains related to the remeasurement of our pension plan assets and liabilities. The actuarial gains included in pension benefit recognized in the quarter ended December 31, 2012 increased operating income by $262 million, net income attributable to NCR by $155 million, basic earnings per share by $0.97, and diluted earnings per share by $0.94.

Net income per share in each quarter is computed using the weighted-average number of shares outstanding during that quarter while net income per share for the full year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters’ net income per share will not necessarily equal the full-year net income per share.