XML 53 R34.htm IDEA: XBRL DOCUMENT v3.22.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] The amounts in Accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost (income) during 2022 are as follows:
In millionsU.S.
Pension Benefits
International Pension BenefitsTotal
Pension Benefits
Postretirement BenefitsPostemployment Benefits
Prior service cost (benefit)$— $— $— $— $(2)
Actuarial loss (gain)$— $— $— $$(1)
Schedule of Expected Benefit Payments [Table Text Block] NCR expects to make the following benefit payments reflecting past and future service from its pension, postretirement and postemployment plans:
In millionsU.S. Pension BenefitsInternational Pension BenefitsTotal Pension BenefitsPostretirement BenefitsPostemployment Benefits
Year
2022$115 $48 $163 $$30 
2023$115 $47 $162 $$18 
2024$115 $49 $164 $$17 
2025$115 $48 $163 $$16 
2026$115 $44 $159 $$15 
2027-2031$554 $229 $783 $$66 
Pension Plan [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block] Reconciliation of the beginning and ending balances of the benefit obligations for NCR's pension plans are as follows:
U.S. Pension BenefitsInternational Pension BenefitsTotal Pension Benefits
In millions202120202021202020212020
Change in benefit obligation
Benefit obligation as of January 1$2,067 $1,954 $1,246 $1,174 $3,313 $3,128 
Net service cost — 6 6 
Interest cost34 51 8 13 42 64 
Amendment — (6)(6)
Actuarial (gain) loss(102)168 (57)86 (159)254 
Benefits paid(117)(106)(60)(111)(177)(217)
Plan participant contributions —   
Currency translation adjustments — (32)72 (32)72 
Benefit obligation as of December 31$1,882 $2,067 $1,105 $1,246 $2,987 $3,313 
Accumulated benefit obligation as of December 31$1,882 $2,067 $1,095 $1,235 $2,977 $3,302 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
A reconciliation of the beginning and ending balances of the fair value of the plan assets of NCR's pension plans are as follows:
U.S. Pension BenefitsInternational Pension BenefitsTotal Pension Benefits
In millions202120202021202020212020
Change in plan assets
Fair value of plan assets as of January 1$1,528 $1,377 $1,118 $1,058 $2,646 $2,435 
Actual return on plan assets(32)187 47 99 15 286 
Company contributions 70 17 19 17 89 
Benefits paid(117)(106)(60)(111)(177)(217)
Currency translation adjustments — (16)53 (16)53 
Plan participant contributions —  —  — 
Fair value of plan assets as of December 31$1,379 $1,528 $1,106 $1,118 $2,485 $2,646 
Schedule of Net Benefit Costs [Table Text Block]
The net periodic benefit (income) cost of the pension plans for the years ended December 31 was as follows:
In millionsU.S. Pension BenefitsInternational 
Pension Benefits
Total Pension Benefits
202120202019202120202019202120202019
Net service cost$ $— $— $6 $$$6 $$
Interest cost34 51 66 8 13 19 42 64 85 
Expected return on plan assets(30)(36)(43)(25)(28)(31)(55)(64)(74)
Amortization of prior service cost — — 1 1 
Actuarial (gain) loss(40)18 60 (78)16 15 (118)34 75 
Net periodic benefit (income) cost$(36)$33 $83 $(88)$$11 $(124)$41 $94 
Schedule of Net Benefit Costs and Amounts Recognized in Balance Sheet [Table Text Block]
The following table presents the funded status and the reconciliation of the funded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss as of December 31:
U.S. Pension BenefitsInternational Pension BenefitsTotal Pension Benefits
In millions202120202021202020212020
Funded Status$(503)$(539)$1 $(128)$(502)$(667)
Amounts recognized in the Consolidated Balance Sheets
Noncurrent assets$ $— $300 $199 $300 $199 
Current liabilities — (13)(15)(13)(15)
Noncurrent liabilities(503)(539)(286)(312)(789)(851)
Net amounts recognized$(503)$(539)$1 $(128)$(502)$(667)
Amounts recognized in Accumulated other comprehensive loss
Prior service cost — 17 24 17 24 
Total$ $— $17 $24 $17 $24 
Defined Benefit Plan, Assumptions [Table Text Block]
The weighted average rates and assumptions used to determine benefit obligations as of December 31 were as follows:
U.S. Pension BenefitsInternational Pension BenefitsTotal Pension Benefits
202120202021202020212020
Discount rate2.7 %2.4 %1.4 %0.9 %2.2 %1.8 %
Rate of compensation increaseN/AN/A1.4 %0.9 %1.4 %0.9 %

The weighted average rates and assumptions used to determine net periodic benefit (income) cost for the years ended December 31 were as follows:
U.S. Pension BenefitsInternational 
Pension Benefits
Total Pension Benefits
202120202019202120202019202120202019
Discount rate - Service CostN/AN/AN/A0.4 %0.7 %1.6 %0.4 %0.7 %1.6 %
Discount rate - Interest Cost1.7 %2.7 %3.8 %0.7 %1.2 %1.8 %1.3 %2.1 %3.1 %
Expected return on plan assets2.1 %2.8 %3.6 %2.2 %2.6 %3.2 %2.1 %2.7 %3.4 %
Rate of compensation increaseN/AN/AN/A0.9 %0.9 %1.0 %0.9 %0.9 %1.0 %
Schedule of Allocation of Plan Assets [Table Text Block] The fair value of plan assets as of December 31, 2021 and 2020 by asset category is as follows:
U.S.International
In millionsNotesFair Value as of December 31, 2021Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)
Not Subject to LevelingFair Value as of December 31, 2021Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)
Not Subject to Leveling
Assets
Equity securities:
Common stock$194 $194 $— $— $— $26 $26 $— $— $— 
Fixed income securities:
Government securities201 — 201 — — — — — — — 
Corporate debt752 — 752 — — 87 — 87 — — 
Other types of investments:
Money market funds— — — 27 — — 27 
Common and commingled trusts - Equities— — — — — 145 — — — 145 
Common and commingled trusts - Bonds159 — — — 159 457 — — — 457 
Common and commingled trusts - Short Term Investments39 — — — 39 27 — — — 27 
Common and commingled trusts - Balanced— — — — — 185 — — — 185 
Partnership/joint venture interests - Other— — — — — — — — 
Mutual funds30 30 — — — — — — — — 
Insurance products— — — — — — — — 
Real estate and other— — — — — 151 — — 151 — 
Total$1,379 $224 $953 $ $202 $1,106 $26 $88 $151 $841 
U.S.International
In millionsNotesFair Value as of December 31, 2020Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs
(Level 3)
Not Subject to LevelingFair Value as of December 31, 2020Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Not Subject to Leveling
Assets
Equity securities:
Common stock$— $— $— $— $— $57 $57 $— $— $— 
Fixed income securities:
Government securities221 — 221 — — — — — — — 
Corporate debt1,011 — 1,011 — — 104 — 104 — — 
Other types of investments:
Money market funds— — — 10 — — — 10 
Common and commingled trusts - Equities— — — — — 149 — — — 149 
Common and commingled trusts - Bonds167 — — — 167 515 — — — 515 
Common and commingled trusts - Short Term Investments94 — — — 94 40 — — — 40 
Common and commingled trusts - Balanced— — — — — 90 — — — 90 
Partnership/joint venture interests - Other— — — — — — — — 
Mutual funds28 28 — — — — — — — — 
Insurance products— — — — — — — — 
Real estate and other— — — — — 152 — — 152 — 
Total$1,528 $28 $1,232 $ $268 $1,118 $57 $105 $152 $804 

Notes:
1.Common stocks are valued based on quoted market prices at the closing price as reported on the active market on which the individual securities are traded.
2.Government securities are valued based on yields currently available on comparable securities of issuers with similar credit ratings. When quoted prices are not available for identical or similar securities, the security is valued under a discounted cash flows approach that maximizes observable inputs, such as current yields on similar instruments but includes adjustments for certain risks that may not be observable, such as credit and liquidity risks.
3.Corporate debt is valued primarily based on observable market quotations for similar bonds at the closing price reported on the active market on which the individual securities are traded. When such quoted prices are not available, the bonds are valued using a discounted cash flows approach using current yields on similar instruments of issuers with similar credit ratings.
4.Common/collective trusts and registered investment companies (RICs) such as mutual funds are valued using a Net Asset Value (NAV) provided by the manager of each fund. The NAV is based on the underlying net assets owned by the fund, divided by the number of shares or units outstanding. The fair value of the underlying securities within the fund, which are generally traded on an active market, are valued at the closing price reported on the active market on which those individual securities are traded. For investments not traded on an active market, or for which a quoted price is not publicly available, a variety of unobservable valuation methodologies, including discounted cash flow, market multiple and cost valuation approaches, are employed by the fund manager or independent third party to value investments.
5.Partnership/joint ventures are valued based on the fair value of the underlying securities within the fund, which include investments both traded on an active market and not traded on an active market. For those investments that are traded on an active market, the values are based on the closing price reported on the active market on which those individual securities
are traded. For investments not traded on an active market, or for which a quoted price is not publicly available, a variety of unobservable valuation methodologies, including discounted cash flow, market multiples and cost valuation approaches, are employed by the fund manager to value investments.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]
The following table presents the reconciliation of the beginning and ending balances of those plan assets classified within Level 3 of the valuation hierarchy. When the determination is made to classify the plan assets within Level 3, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement.
In millionsInternational Pension Plans
Balance, December 31, 2019$131 
Realized and unrealized gains and losses, net21 
Purchases, sales and settlements, net— 
Transfers, net— 
Balance, December 31, 2020$152 
Realized and unrealized gains and losses, net(1)
Purchases, sales and settlements, net— 
Transfers, net— 
Balance, December 31, 2021$151 
Postretirement Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block] Reconciliation of the beginning and ending balances of the benefit obligation for NCR's U.S. postretirement plan is as follows:
Postretirement Benefits
In millions20212020
Change in benefit obligation
Benefit obligation as of January 1$16 $17 
Interest cost — 
Actuarial gain(1)— 
Plan participant contributions — 
Benefits paid(1)(1)
Benefit obligation as of December 31$14 $16 
Schedule of Net Benefit Costs [Table Text Block]
The net periodic benefit cost of the postretirement plan for the years ended December 31 was:
In millionsPostretirement Benefits
202120202019
Interest cost$ $— $
Amortization of:
   Prior service benefit (3)(5)
   Actuarial loss1 — 
Net periodic benefit cost$1 $(2)$(4)
Schedule of Net Benefit Costs and Amounts Recognized in Balance Sheet [Table Text Block]
The following table presents the funded status and the reconciliation of the funded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss as of December 31:
Postretirement Benefits
In millions20212020
Benefit obligation$(14)$(16)
Amounts recognized in the Consolidated Balance Sheets
Current liabilities$(1)$(2)
Noncurrent liabilities(13)(14)
Net amounts recognized$(14)$(16)
Amounts recognized in Accumulated other comprehensive loss
Net actuarial loss$5 $
Prior service benefit — 
Total$5 $
Defined Benefit Plan, Assumptions [Table Text Block]
The assumptions utilized in accounting for postretirement benefit obligations as of December 31 and for postretirement benefit income for the years ended December 31 were:
Postretirement Benefit ObligationsPostretirement Benefit Costs
202120202019202120202019
Discount rate1.9 %1.4 %2.5 %1.4 %2.5 %3.7 %
Assumed healthcare cost trend rates as of December 31 were:
20212020
Pre-65 CoveragePost-65 CoveragePre-65 CoveragePost-65 Coverage
Healthcare cost trend rate assumed for next year6.3 %5.7 %6.5 %5.8 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.0 %5.0 %5.0 %5.0 %
Year that the rate reaches the ultimate rate2028202820272027
Postemployment Benefits [Member]  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Schedule of Changes in Projected Benefit Obligations [Table Text Block] Reconciliation of the beginning and ending balances of the benefit obligation for NCR's postemployment plan was:
Postemployment Benefits
In millions20212020
Change in benefit obligation
Benefit obligation as of January 1$138 $126 
Service cost24 42 
Interest cost2 
Amendments (4)
Benefits paid(26)(39)
Foreign currency exchange(7)
Actuarial (gain) loss7 
Benefit obligation as of December 31$138 $138 
Schedule of Net Benefit Costs [Table Text Block]
The net periodic benefit cost of the postemployment plan for the years ended December 31 was:
In millionsPostemployment Benefits
202120202019
Service cost$24 $42 $31 
Interest cost2 
Amortization of:
   Prior service benefit(2)(2)(2)
   Actuarial gain(4)(4)(3)
Net benefit cost$20 $39 $29 
Schedule of Net Benefit Costs and Amounts Recognized in Balance Sheet [Table Text Block]
The following table presents the funded status and the reconciliation of the unfunded status to amounts recognized in the Consolidated Balance Sheets and in Accumulated other comprehensive loss at December 31:
Postemployment Benefits
In millions20212020
Benefit obligation$(138)$(138)
Amounts recognized in the Consolidated Balance Sheets
Current liabilities$(32)$(32)
Noncurrent liabilities(106)(106)
Net amounts recognized$(138)$(138)
Amounts recognized in Accumulated other comprehensive loss
Net actuarial gain$(19)$(23)
Prior service benefit(6)(8)
Total$(25)$(31)
Defined Benefit Plan, Assumptions [Table Text Block]
The weighted average assumptions utilized in accounting for postemployment benefit obligations as of December 31 and for postemployment benefit costs for the years ended December 31 were:
Postemployment Benefit ObligationsPostemployment Benefit Costs
20212020202120202019
Discount rate1.4 %1.4 %2.3 %1.8 %2.4 %
Salary increase rate2.0 %2.0 %2.6 %1.8 %1.9 %
Involuntary turnover rate3.8 %3.8 %3.8 %3.8 %4.3 %