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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 414 $ 464
Accounts receivable, net 1,335 1,356
Inventories 874 806
Other current assets 393 397
Total current assets 3,016 3,023
Property, plant and equipment, net 373 359
Goodwill 2,705 2,692
Intangibles, net 573 595
Operating lease assets 433 0
Prepaid pension cost 148 140
Deferred income taxes 453 448
Other assets 497 504
Total assets 8,198 7,761
Current liabilities    
Short-term borrowings 297 185
Accounts payable 788 897
Payroll and benefits liabilities 184 238
Contract liabilities 566 461
Other current liabilities 546 501
Total current liabilities 2,381 2,282
Long-term debt 2,914 2,980
Pension and indemnity plan liabilities 760 759
Postretirement and postemployment benefits liabilities 120 118
Income tax accruals 93 91
Operating lease liabilities 406 0
Other liabilities 184 259
Total liabilities 6,858 6,489
Commitments and Contingencies (Note 9)
Redeemable noncontrolling interest 14 14
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.9 and 0.9 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively; redemption amount and liquidation preference of $883 and $871 as of March 31, 2019 and December 31, 2018, respectively 872 859
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 119.8 and 118.7 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 1 1
Paid-in capital 48 34
Retained earnings 630 606
Accumulated other comprehensive loss (230) (246)
Total NCR stockholders’ equity 449 395
Noncontrolling interests in subsidiaries 5 4
Total stockholders’ equity 454 399
Total liabilities and stockholders’ equity $ 8,198 $ 7,761