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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 547 $ 505
Accounts receivable, net of allowances of $42 and $34 as of June 30, 2023 and December 31, 2022, respectively 986 1,083
Inventories 709 772
Restricted cash 254 228
Prepaid and other current assets 458 494
Total current assets 2,954 3,082
Property, plant and equipment, net 677 663
Goodwill 4,544 4,540
Intangibles, net 1,064 1,145
Operating lease assets 353 371
Prepaid pension cost 222 212
Deferred income taxes 589 598
Other assets 876 896
Total assets 11,279 11,507
Current liabilities    
Short-term borrowings 105 104
Accounts payable 832 942
Payroll and benefits liabilities 208 207
Contract liabilities 560 537
Settlement liabilities 263 250
Other current liabilities 689 673
Total current liabilities 2,657 2,713
Long-term debt 5,316 5,561
Pension and indemnity plan liabilities 617 614
Postretirement and postemployment benefits liabilities 92 91
Income tax accruals 98 97
Operating lease liabilities 336 353
Other liabilities 334 324
Total liabilities 9,450 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 June 30, 2023 and December 31, 2022, respectively; redemption amount and liquidation preference of $276 as of June 30, 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 June 30, 2023 and December 31, 2022, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 140.4 and 138.0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 1 1
Paid-in capital 770 704
Retained earnings 1,095 1,075
Accumulated other comprehensive loss (311) (300)
Total NCR stockholders’ equity 1,555 1,480
Noncontrolling interests in subsidiaries (1) (1)
Total stockholders’ equity 1,554 1,479
Total liabilities and stockholders’ equity $ 11,279 $ 11,507