XML 39 R24.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Information (unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information
17. QUARTERLY INFORMATION (unaudited)
In millions, except per share amounts
 
First
 
Second
 
Third
 
Fourth
2015
 
 
 
 
 
 
 
 
Total revenue
 
$
1,476

 
$
1,604

 
$
1,613

 
$
1,680

Gross margin
 
390

 
146

 
457

 
476

Operating income (loss)
 
95

 
(266
)
 
168

 
138

Income (loss) from continuing operations (attributable to NCR)
 
40

 
(344
)
 
102

 
44

(Loss) from discontinued operations, net of tax
 
—

 
—

 
(4
)
 
(20
)
Net income (loss) attributable to NCR
 
$
40

 
$
(344
)
 
$
98

 
$
24

Income (loss) per share attributable to NCR common stockholders:
 
 
 
 
 
 
 
 
Income (loss) per common share from continuing operations
 
 
 
 
 
 
 
 
Basic
 
$
0.24

 
$
(2.03
)
 
$
0.60

 
$
0.27

Diluted
 
$
0.23

 
$
(2.03
)
 
$
0.59

 
$
0.27

Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.24

 
$
(2.03
)
 
$
0.58

 
$
0.15

Diluted
 
$
0.23

 
$
(2.03
)
 
$
0.57

 
$
0.15

 
 
 
 
 
 
 
 
 
2014
 
 
 
 
 
 
 
 
Total revenue
 
$
1,518

 
$
1,658

 
$
1,647

 
$
1,768

Gross margin
 
416

 
480

 
404

 
432

Operating income
 
108

 
169

 
41

 
35

Income from continuing operations (attributable to NCR)
 
53

 
90

 
—

 
38

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

 
—

 
15

 
(5
)
Net income attributable to NCR
 
$
53

 
$
90

 
$
15

 
$
33

Income per share attributable to NCR common stockholders:
 
 
 
 
 
 
 
 
Income per common share from continuing operations
 
 
 
 
 
 
 
 
Basic
 
$
0.32

 
$
0.54

 
$
—

 
$
0.23

Diluted
 
$
0.31

 
$
0.53

 
$
—

 
$
0.22

Net income per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.32

 
$
0.54

 
$
0.09

 
$
0.20

Diluted
 
$
0.31

 
$
0.53

 
$
0.09

 
$
0.19



Operating income for the quarter ended December 31, 2015 was impacted by actuarial losses related to the remeasurement of our pension plan assets and liabilities. The actuarial losses included in pension expense recognized in the quarter ended December 31, 2015 decreased operating income by $29 million, net income attributable to NCR by $17 million, basic earnings per share by $0.10, and diluted earnings per share by $0.10.

Operating income for the quarter ended December 31, 2014 was impacted by actuarial losses related to the remeasurement of our pension plan assets and liabilities. The actuarial losses included in pension expense recognized in the quarter ended December 31, 2014 decreased operating income by $150 million, net income attributable to NCR by $74 million, basic earnings per share by $0.44, and diluted earnings per share by $0.43.

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.