Employee Benefit Plans

6 Months Ended

Jun. 30, 2023

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

9. EMPLOYEE BENEFIT PLANS

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

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	1	$	1	$	1	$	1
Interest cost	18		10		7		3		25		13
Expected return on plan assets	(16)		(16)		(9)		(7)		(25)		(23)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	2	$	(6)	$	(1)	$	(3)	$	1	$	(9)

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

In millions	U.S. Pension Benefits				International Pension Benefits				Total Pension Benefits
	2023		2022		2023		2022		2023		2022
Net service cost	$	—	$	—	$	2	$	2	$	2	$	2
Interest cost	36		20		14		6		50		26
Expected return on plan assets	(33)		(33)		(17)		(14)		(50)		(47)
Amortization of prior service cost	—		—		—		—		—		—
Net periodic benefit cost (income)	$	3	$	(13)	$	(1)	$	(6)	$	2	$	(19)

Net postretirement benefit was zero for the three and six months ending June 30, 2023 and 2022.

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

	Three months ended June 30				Six months ended June 30
In millions	2023		2022		2023		2022
Net service cost	$	3	$	36	$	6	$	49
Interest cost	2		—		3		1
Amortization of:
Prior service benefit	(1)		—		(1)		(1)
Actuarial gain	(1)		—		(2)		—
Net benefit cost	$	3	$	36	$	6	$	49

                

Employer Contributions

Pension For the three and six months ended June 30, 2023, NCR contributed $4 million and $8 million respectively, to its international pension plans. NCR anticipates contributing an additional $12 million to its international pension plans for a total of $20 million in 2023.

Postretirement For the three and six months ended June 30, 2023, NCR made no contributions to its U.S. postretirement plan. NCR anticipates contributing an additional $2 million to its U.S. postretirement plan for a total of $2 million in 2023.

Postemployment For the three and six months ended June 30, 2023, NCR contributed $10 million and $24 million respectively, to its postemployment plan. NCR anticipates contributing an additional $51 million to its postemployment plan for a total of $75 million in 2023.