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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 388 $ 464
Accounts receivable, net 1,487 1,356
Inventories 865 806
Other current assets 416 397
Total current assets 3,156 3,023
Property, plant and equipment, net 382 359
Goodwill 2,754 2,692
Intangibles, net 549 595
Operating lease assets 397 0
Prepaid pension cost 153 140
Deferred income taxes 488 448
Other assets 572 504
Total assets 8,451 7,761
Current liabilities    
Short-term borrowings 208 185
Accounts payable 800 897
Payroll and benefits liabilities 260 238
Contract liabilities 513 461
Other current liabilities 565 501
Total current liabilities 2,346 2,282
Long-term debt 3,422 2,980
Pension and indemnity plan liabilities 763 759
Postretirement and postemployment benefits liabilities 121 118
Income tax accruals 95 91
Operating lease liabilities 378 0
Other liabilities 195 259
Total liabilities 7,320 6,489
Commitments and Contingencies (Note 9)
Redeemable noncontrolling interest 11 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 June 30, 2019 and December 31, 2018, respectively; redemption amount and liquidation preference of $895 and $871 as of June 30, 2019 and December 31, 2018, respectively 389 859
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 120.3 and 118.7 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 1 1
Paid-in capital 269 34
Retained earnings 717 606
Accumulated other comprehensive loss (261) (246)
Total NCR stockholders’ equity 726 395
Noncontrolling interests in subsidiaries 5 4
Total stockholders’ equity 731 399
Total liabilities and stockholders’ equity $ 8,451 $ 7,761