

Condensed Consolidating Statements of Operations and Comprehensive Income
For the three months ended March 31, 2014

(in millions)	Parent Issuer			Guarantor Subsidiary			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Product revenue	$	240		$	17		$	431		$	(54	)	$	634
Service revenue	307			7			570			—			884
Total revenue	547			24			1,001			(54		)	1,518
Cost of products	183			5			342			(54		)	476
Cost of services	232			3			391			—			626
Selling, general and administrative expenses	131			1			113			—			245
Research and development expenses	17			—			46			—			63
Total operating expenses	563			9			892			(54		)	1,410
Income (loss) from operations	(16		)	15			109			—			108
Interest expense	(43		)	—			(17		)	17			(43		)
Other (expense) income, net	12			(2		)	—			(17		)	(7		)
Income (loss) from continuing operations before income taxes	(47		)	13			92			—			58
Income tax expense (benefit)	(17		)	7			14			—			4
Income (loss) from continuing operations before earnings in subsidiaries	(30		)	6			78			—			54
Equity in earnings of consolidated subsidiaries	83			63			—			(146		)	—
Income (loss) from continuing operations	53			69			78			(146		)	54
Income (loss) from discontinued operations, net of tax	—			—			—			—			—
Net income (loss)	$	53		$	69		$	78		$	(146	)	$	54
Net income (loss) attributable to noncontrolling interests	—			—			1			—			1
Net income (loss) attributable to NCR	$	53		$	69		$	77		$	(146	)	$	53
Total comprehensive income (loss)	58			73			78			(151		)	58
Less comprehensive income (loss) attributable to noncontrolling interests	—			—			—			—			—
Comprehensive income (loss) attributable to NCR common stockholders	$	58		$	73		$	78		$	(151	)	$	58



Condensed Consolidating Statements of Operations and Comprehensive Income
For the three months ended March 31, 2013

(in millions)	Parent Issuer			Guarantor Subsidiary			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Product revenue	$	282		$	13		$	423		$	(51	)	$	667
Service revenue	298			5			440			—			743
Total revenue	580			18			863			(51		)	1,410
Cost of products	212			2			340			(51		)	503
Cost of services	221			3			314			—			538
Selling, general and administrative expenses	136			1			92			—			229
Research and development expenses	18			(1		)	38			—			55
Total operating expenses	587			5			784			(51		)	1,325
Income (loss) from operations	(7		)	13			79			—			85
Interest expense	(22		)	—			(1		)	2			(21		)
Other (expense) income, net	(1		)	(2		)	7			(2		)	2
Income (loss) from continuing operations before income taxes	(30		)	11			85			—			66
Income tax expense (benefit)	(12		)	(7		)	21			—			2
Income (loss) from continuing operations before earnings in subsidiaries	(18		)	18			64			—			64
Equity in earnings of consolidated subsidiaries	80			67			—			(147		)	—
Income (loss) from continuing operations	62			85			64			(147		)	64
Income (loss) from discontinued operations, net of tax	(1		)	—			—			—			(1		)
Net income (loss)	$	61		$	85		$	64		$	(147	)	$	63
Net income (loss) attributable to noncontrolling interests	—			—			2			—			2
Net income (loss) attributable to NCR	$	61		$	85		$	62		$	(147	)	$	61
Total comprehensive income (loss)	65			73			24			(96		)	66
Less comprehensive income (loss) attributable to noncontrolling interests	—			—			1			—			1
Comprehensive income (loss) attributable to NCR common stockholders	$	65		$	73		$	23		$	(96	)	$	65



Condensed Consolidating Balance Sheet
March 31, 2014

(in millions)	Parent Issuer		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	48		8		459		—			515
Accounts receivable, net	447		18		977		—			1,442
Inventories	301		7		512		—			820
Due from affiliates	1,374		865		234		(2,473		)	—
Other current assets	389		25		236		(42		)	608
Total current assets	2,559		923		2,418		(2,515		)	3,385
Property, plant and equipment, net	152		1		237		—			390
Goodwill	872		—		1,917		—			2,789
Intangibles, net	225		—		799		—			1,024
Prepaid pension cost	—		—		495		—			495
Deferred income taxes	320		68		49		(185		)	252
Investments in subsidiaries	3,293		2,000		—		(5,293		)	—
Due from affiliates	28		20		46		(94		)	—
Other assets	348		40		105		—			493
Total assets	$	7,797	$	3,052	$	6,066	$	(8,087	)	$	8,828

Liabilities and stockholders’ equity
Current liabilities
Short-term borrowings	52		—		12		—			64
Accounts payable	236		1		458		—			695
Payroll and benefits liabilities	57		1		125		—			183
Deferred service revenue and customer deposits	176		15		396		—			587
Due to affiliates	958		119		1,396		(2,473		)	—
Other current liabilities	227		7		287		(42		)	479
Total current liabilities	1,706		143		2,674		(2,515		)	2,008
Long-term debt	3,862		—		23		—			3,885
Pension and indemnity plan liabilities	237		—		295		—			532
Postretirement and postemployment benefits liabilities	24		—		146		—			170
Income tax accruals	3		9		170		—			182
Environmental liabilities	111		—		—		—			111
Due to affiliates	17		45		32		(94		)	—
Other liabilities	17		—		260		(185		)	92
Total liabilities	5,977		197		3,600		(2,794		)	6,980
Redeemable noncontrolling interest	—		—		14		—			14
Stockholders’ equity
Total NCR stockholders’ equity	1,820		2,855		2,438		(5,293		)	1,820
Noncontrolling interests in subsidiaries	—		—		14		—			14
Total stockholders’ equity	1,820		2,855		2,452		(5,293		)	1,834
Total liabilities and stockholders’ equity	$	7,797	$	3,052	$	6,066	$	(8,087	)	$	8,828



Condensed Consolidating Balance Sheet
December 31, 2013

(in millions)	Parent Issuer		Guarantor Subsidiary		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	75		11		442		—			528
Restricted cash	1,114		—		—		—			1,114
Accounts receivable, net	424		14		901		—			1,339
Inventories	319		11		460		—			790
Due from affiliates	333		854		298		(1,485		)	—
Other current assets	360		25		209		(26		)	568
Total current assets	2,625		915		2,310		(1,511		)	4,339
Property, plant and equipment, net	146		1		205		—			352
Goodwill	872		—		662		—			1,534
Intangibles, net	234		—		260		—			494
Prepaid pension cost	—		—		478		—			478
Deferred income taxes	321		68		52		—			441
Investments in subsidiaries	2,665		1,927		—		(4,592		)	—
Due from affiliates	28		20		45		(93		)	—
Other assets	334		40		96		—			470
Total assets	$	7,225	$	2,971	$	4,108	$	(6,196	)	$	8,108

Liabilities and stockholders’ equity
Current liabilities
Short-term borrowings	28		—		6		—			34
Accounts payable	254		1		415		—			670
Payroll and benefits liabilities	78		1		112		—			191
Deferred service revenue and customer deposits	155		12		358		—			525
Due to affiliates	1,007		123		355		(1,485		)	—
Other current liabilities	219		7		261		(26		)	461
Total current liabilities	1,741		144		1,507		(1,511		)	1,881
Long-term debt	3,296		—		24		—			3,320
Pension and indemnity plan liabilities	234		—		298		—			532
Postretirement and postemployment benefits liabilities	25		—		144		—			169
Income tax accruals	4		10		175		—			189
Environmental liabilities	121		—		—		—			121
Due to affiliates	17		44		32		(93		)	—
Other liabilities	18		—		81		—			99
Total liabilities	5,456		198		2,261		(1,604		)	6,311
Redeemable noncontrolling interest	—		—		14		—			14
Stockholders’ equity
Total NCR stockholders’ equity	1,769		2,773		1,819		(4,592		)	1,769
Noncontrolling interests in subsidiaries	—		—		14		—			14
Total stockholders’ equity	1,769		2,773		1,833		(4,592		)	1,783
Total liabilities and stockholders’ equity	$	7,225	$	2,971	$	4,108	$	(6,196	)	$	8,108



Condensed Consolidating Statement of Cash Flows
For the three months ended March 31, 2014

(in millions)	Parent Issuer			Guarantor Subsidiary			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	(16	)	$	(3	)	$	79		$	(29	)	$	31
Investing activities
Expenditures for property, plant and equipment	(15		)	—			(17		)	—			(32		)
Additions to capitalized software	(21		)	—			(13		)	—			(34		)
Business acquisitions, net of cash acquired	(1,642		)	—			—			—			(1,642		)
Investments in equity affiliates	(1		)	—			—			1			—
Changes in restricted cash	1,114			—			—			—			1,114
Other investing activities, net	(1		)	—			(3		)	—			(4		)
Net cash provided by (used in) investing activities	(566		)	—			(33		)	1			(598		)
Financing activities
Tax withholding payments on behalf of employees	(22		)	—			—			—			(22		)
Proceeds from employee stock plans	5			—			—			—			5
Equity contribution	—			—			1			(1		)	—
Short term borrowings, net	—			—			6			—			6
Borrowings on term credit facility	250			—			—			—			250
Payments on revolving credit facility	(60		)	—			—			—			(60		)
Borrowings on revolving credit facility	400			—			—			—			400
Debt issuance cost	(2		)	—			—			—			(2		)
Dividend distribution to consolidated subsidiaries	—			—			(29		)	29			—
Other financing activities	—			—			(1		)	—			(1		)
Net cash provided by (used in) financing activities	571			—			(23		)	28			576
Cash flows from discontinued operations
Net cash (used in) provided by operating activities	(16		)	—			—			—			(16		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6		)	—			(6		)
Increase (decrease) in cash and cash equivalents	(27		)	(3		)	17			—			(13		)
Cash and cash equivalents at beginning of period	75			11			442			—			528
Cash and cash equivalents at end of period	$	48		$	8		$	459		$	—		$	515



Condensed Consolidating Statement of Cash Flows
For the three months ended March 31, 2013

(in millions)	Parent Issuer			Guarantor Subsidiary		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	(31	)	$	3	$	76		$	(27	)	$	21
Investing activities
Expenditures for property, plant and equipment	(4		)	—		(20		)	—			(24		)
Additions to capitalized software	(16		)	—		(5		)	—			(21		)
Business acquisitions, net of cash acquired	(9		)	—		(672		)	—			(681		)
Proceeds from (payments of) intercompany notes	(322		)	—		—			322			—
Investments in equity affiliates	(274		)	—		—			274			—
Other investing activities, net	4			—		1			—			5
Net cash provided by (used in) investing activities	(621		)	—		(696		)	596			(721		)
Financing activities
Tax withholding payments on behalf of employees	(25		)	—		—			—			(25		)
Proceeds from employee stock plans	18			—		—			—			18
Equity contribution	—			—		274			(274		)	—
Short term borrowings, net	—			—		1			—			1
Payments on term credit facility	(18		)	—		—			—			(18		)
Payments on revolving credit facility	(420		)	—		—			—			(420		)
Borrowings on revolving credit facility	565			—		—			—			565
Debt issuance costs	(2		)	—		—			—			(2		)
Dividend distribution to consolidated subsidiaries	—			—		(27		)	27			—
Borrowings (repayments) of intercompany notes	—			—		322			(322		)	—
Net cash provided by (used in) financing activities	118			—		570			(569		)	119
Cash flows from discontinued operations
Net cash (used in) provided by operating activities	1			—		—			—			1
Effect of exchange rate changes on cash and cash equivalents	—			—		(6		)	—			(6		)
Increase (decrease) in cash and cash equivalents	(533		)	3		(56		)	—			(586		)
Cash and cash equivalents at beginning of period	571			6		492			—			1,069
Cash and cash equivalents at end of period	$	38		$	9	$	436		$	—		$	483