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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 1,972 $ 1,901 $ 5,835 $ 5,122
Selling, general and administrative expenses 264 294 886 835
Research and development expenses 40 69 164 204
Total operating expenses 1,785 1,744 5,512 4,771
Income (loss) from operations 187 157 323 351
Loss on extinguishment of debt 0 (42) 0 (42)
Interest expense (74) (68) (204) (174)
Other income (expense), net (1) (5) 9 (23)
Income (loss) from continuing operations before income taxes 112 42 128 112
Income tax expense (benefit) 43 29 56 77
Income (loss) from continuing operations 69 13 72 35
Income (loss) from discontinued operations, net of tax 0 0 5 0
Net income (loss) 69 13 77 35
Net income (loss) attributable to noncontrolling interests 0 1 1 2
Net income (loss) attributable to NCR 69 12 76 33
Amounts attributable to NCR common stockholders:        
Income (loss) from continuing operations 69 12 71 33
Series A convertible preferred stock dividends (4) (4) (12) (12)
Income (loss) from continuing operations attributable to NCR common stockholders 65 8 59 21
Income (loss) from discontinued operations, net of tax 0 0 5 0
Net income (loss) attributable to NCR common stockholders $ 65 $ 8 $ 64 $ 21
Income (loss) per common share from continuing operations        
Basic (in dollars per share) $ 0.47 $ 0.06 $ 0.43 $ 0.16
Diluted (in dollars per share) 0.46 0.06 0.42 0.15
Net income (loss) per common share        
Basic (in dollars per share) 0.47 0.06 0.47 0.16
Diluted (in dollars per share) $ 0.46 $ 0.06 $ 0.45 $ 0.15
Weighted average common shares outstanding        
Basic (in shares) 137.0 131.5 136.4 130.8
Diluted (in shares) 140.3 137.8 140.9 137.1
Product        
Total revenue $ 590 $ 520 $ 1,720 $ 1,553
Cost of revenue 524 429 1,560 1,290
Services        
Total revenue 1,382 1,381 4,115 3,569
Cost of revenue $ 957 $ 952 $ 2,902 $ 2,442