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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenue $ 1,589,000,000 $ 1,783,000,000 $ 4,576,000,000 $ 5,029,000,000
Selling, general and administrative expenses 254,000,000 271,000,000 743,000,000 775,000,000
Research and development expenses 55,000,000 64,000,000 169,000,000 185,000,000
Total operating expenses 1,471,000,000 1,611,000,000 4,292,000,000 4,600,000,000
Operating Income (Loss) 118,000,000 172,000,000 284,000,000 429,000,000
Loss on Extinguishment of Debt (20,000,000) 0 (20,000,000) 0
Interest expense (60,000,000) (53,000,000) (167,000,000) (143,000,000)
Other expense, net (6,000,000) (11,000,000) (10,000,000) (28,000,000)
Income (loss) from continuing operations before income taxes 32,000,000 108,000,000 87,000,000 258,000,000
Income tax expense (benefit) 0 4,000,000 (33,000,000) 28,000,000
Income (loss) from continuing operations 32,000,000 104,000,000 120,000,000 230,000,000
Loss from discontinued operations, net of tax 0 (15,000,000) 0 (15,000,000)
Net income (loss) 32,000,000 89,000,000 120,000,000 215,000,000
Net income (loss) attributable to noncontrolling interests 1,000,000 (1,000,000) 2,000,000 0
Net income (loss) attributable to NCR 31,000,000 90,000,000 118,000,000 215,000,000
Amounts attributable to NCR common stockholders:        
Income (loss) from continuing operations 31,000,000 105,000,000 118,000,000 230,000,000
Dividends on convertible preferred stock (6,000,000) (79,000,000) (19,000,000) (104,000,000)
Income (loss) from continuing operations attributable to NCR common stockholders 25,000,000 26,000,000 99,000,000 126,000,000
Loss from discontinued operations, net of tax 0 (15,000,000) 0 (15,000,000)
Net income (loss) attributable to NCR common stockholders $ 25,000,000 $ 11,000,000 $ 99,000,000 $ 111,000,000
Income (loss) per common share from continuing operations        
Basic (in dollars per share) $ 0.19 $ 0.21 $ 0.77 $ 1.05
Diluted (in dollars per share) 0.19 0.21 0.76 1.03
Net income (loss) per common share        
Basic (in dollars per share) 0.19 0.09 0.77 0.92
Diluted (in dollars per share) $ 0.19 $ 0.09 $ 0.76 $ 0.90
Weighted average common shares outstanding        
Basic (in shares) 128.5 121.4 128.2 120.3
Diluted (in shares) 129.7 123.4 129.8 122.7
Product        
Total revenue $ 521,000,000 $ 712,000,000 $ 1,476,000,000 $ 1,915,000,000
Cost of revenue 452,000,000 555,000,000 1,254,000,000 1,547,000,000
Services        
Total revenue 1,068,000,000 1,071,000,000 3,100,000,000 3,114,000,000
Cost of revenue $ 710,000,000 $ 721,000,000 $ 2,126,000,000 $ 2,093,000,000