Employee Benefit Plans

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Employee Benefit Plans

8. EMPLOYEE BENEFIT PLANS

Components of net periodic benefit cost (income) of the pension plans for the three months ended September 30 were as follows:

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2020		2019		2020		2019		2020		2019
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	12		16		4		5		16		21
Expected return on plan assets	(9)		(10)		(7)		(8)		(16)		(18)
Amortization of prior service cost	—		—		1		1		1		1
Net periodic benefit cost (income)	$	3	$	6	$	(1)	$	(1)	$	2	$	5

Components of net periodic benefit cost (income) of the pension plans for the nine months ended September 30 were as follows:

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2020		2019		2020		2019		2020		2019
Net service cost	$	—	$	—	$	4	$	4	$	4	$	4
Interest cost	38		49		10		15		48		64
Expected return on plan assets	(27)		(32)		(20)		(23)		(47)		(55)
Amortization of prior service cost	—		—		1		1		1		1
Net periodic benefit cost (income)	$	11	$	17	$	(5)	$	(3)	$	6	$	14

Components of the benefit from the postretirement plan for the following periods were:

In millions	Three months ended September 30				Nine months ended September 30
	2020		2019		2020		2019
Interest cost	$	—	$	—	$	—	$	—
Amortization of:
Prior service benefit	(1)		(2)		(2)		(4)
Actuarial loss	1		1		1		1
Net postretirement benefit	$	—	$	(1)	$	(1)	$	(3)

Components of the net cost of the postemployment plan for the following periods were:

	Three months ended September 30				Nine months ended September 30
In millions	2020		2019		2020		2019
Net service cost	$	21	$	5	$	34	$	24
Interest cost	—		—		1		2
Amortization of:
Prior service benefit	—		—		(1)		(2)
Actuarial gain	(1)		(1)		(3)		(2)
Net benefit cost	$	20	$	4	$	31	$	22

Employer Contributions

Pension For the three and nine months ended September 30, 2020, NCR contributed $6 million and $15 million, respectively, to its international pension plans. NCR anticipates contributing an additional $6 million to its international pension plans for a total of $21 million in 2020.

Postretirement For the three and nine months ended September 30, 2020, NCR made zero and $1 million, respectively, of contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $1 million to its U.S. postretirement plan for a total of $2 million in 2020.

Postemployment For the three and nine months ended September 30, 2020, NCR contributed $4 million and $11 million, respectively, to its postemployment plan. NCR anticipates contributing an additional $19 million to its postemployment plan for a total of $30 million in 2020.