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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 519 $ 505
Accounts receivable, net of allowances of $37 and $34 as of March 31, 2023 and December 31, 2022, respectively 1,009 1,083
Inventories 792 772
Restricted cash 257 228
Prepaid and other current assets 493 494
Total current assets 3,070 3,082
Property, plant and equipment, net 681 663
Goodwill 4,542 4,540
Intangibles, net 1,105 1,145
Operating lease assets 353 371
Prepaid pension cost 217 212
Deferred income taxes 595 598
Other assets 879 896
Total assets 11,442 11,507
Current liabilities    
Short-term borrowings 105 104
Accounts payable 952 942
Payroll and benefits liabilities 223 207
Contract liabilities 631 537
Settlement liabilities 269 250
Other current liabilities 636 673
Total current liabilities 2,816 2,713
Long-term debt 5,406 5,561
Pension and indemnity plan liabilities 615 614
Postretirement and postemployment benefits liabilities 88 91
Income tax accruals 97 97
Operating lease liabilities 340 353
Other liabilities 317 324
Total liabilities 9,679 9,753
Commitments and Contingencies (Note 10)
Series A convertible preferred stock: par value $0.01 per share, 3.0 shares authorized, 0.3 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively; redemption amount and liquidation preference of $276 as of March 31, 2023 and December 31, 2022, respectively 275 275
NCR stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 140.1 and 138.0 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 1 1
Paid-in capital 727 704
Retained earnings 1,080 1,075
Accumulated other comprehensive loss (319) (300)
Total NCR stockholders’ equity 1,489 1,480
Noncontrolling interests in subsidiaries (1) (1)
Total stockholders’ equity 1,488 1,479
Total liabilities and stockholders’ equity $ 11,442 $ 11,507