XML 49 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Stock Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
As of December 31, 2017, the Company’s stock-based compensation consisted of restricted stock units and an insignificant amount of stock options. The Company recorded stock-based compensation expense for the years ended December 31 as follows:
In millions
2017
 
2016
 
2015
Restricted stock units
$73
 
$61
 
$42
Employee stock purchase plan
4
 
—
 
—
Stock-based compensation expense
77
 
61
 
42
Tax benefit
(22)
 
(18)
 
(13)
Total stock-based compensation (net of tax)
$55
 
$43
 
$29
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
The following table reports restricted stock unit activity during the year ended December 31, 2017:
Shares in thousands
 
Number of Units
 
Weighted Average Grant-Date Fair Value per Unit
Unvested shares as of January 1
 
7,469

 
$
24.70

Shares granted
 
2,211

 
$
46.95

Shares vested
 
(1,989
)
 
$
30.23

Shares forfeited
 
(533
)
 
$
28.12

Unvested shares as of December 31
 
7,158

 
$
29.78


Stock-based compensation expense is recognized in the financial statements based upon fair value. The total fair value of units vested and distributed in the form of NCR common stock was $87 million in 2017, $42 million in 2016, and $44 million in 2015. As of December 31, 2017, there was $98 million of unrecognized compensation cost related to unvested restricted stock unit grants. The unrecognized compensation cost is expected to be recognized over a remaining weighted-average period of 0.9 years. The weighted average grant date fair value for restricted stock unit awards granted in 2016 and 2015 was $20.45 and $29.40, respectively.

The following table represents the composition of restricted stock unit grants in 2017:
Shares in thousands
 
Number of Units
 
Weighted Average Grant-Date Fair Value
Service-based units
 
1,030

 
$
46.80

Performance-based units
 
1,181

 
$
47.08

Total restricted stock units
 
2,211

 
$
46.95
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The weighted-average assumptions used and the resulting estimates of fair value related to the multi-year equity grants described above were as follows:
 
Twelve months ended December 31, 2016
Expected volatility
33.9%
Expected dividend yield
—
Risk-free rate
1.21%
Weighted average fair value per share
$14.93
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes the Company’s stock option activity for the year ended December 31, 2017:
Shares in thousands
 
Shares Under Option
 
Weighted Average Exercise Price per Share
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate Intrinsic Value
(in millions)
Outstanding as of January 1
 
629

 
$
17.69

 
 
 
 
Granted
 
—

 
$
—

 
 
 
 
Exercised
 
(117
)
 
$
20.48

 
 
 
 
Forfeited or expired
 
(37
)
 
$
21.54

 
 
 
 
Outstanding as of December 31
 
475

 
$
16.70

 
1.87
 
$
8.2

Fully vested and expected to vest as of December 31
 
475

 
$
16.70

 
1.87
 
$
8.2

Exercisable as of December 31
 
475

 
$
16.70

 
1.87
 
$
8.2