ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

17. ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated Other Comprehensive Income (“AOCI”) by Component

The changes in AOCI for the years ended December 31 are as follows:

In millions	Currency Translation Adjustments		Changes in Employee Benefit Plans		Changes in Fair Value of Effective Cash Flow Hedges		Total
Balance at December 31, 2020	$	(245)	$	(26)	$	—	$	(271)
Other comprehensive (loss) income before reclassifications	(30)		4		7		(19)
Amounts reclassified from AOCI	—		(2)		1		(1)
Net current period other comprehensive (loss) income	(30)		2		8		(20)
Balance at December 31, 2021	$	(275)	$	(24)	$	8	$	(291)
Other comprehensive (loss) income before reclassifications	(129)		21		117		9
Amounts reclassified from AOCI	—		(2)		(16)		(18)
Net current period other comprehensive (loss) income	(129)		19		101		(9)
Balance at December 31, 2022	$	(404)	$	(5)	$	109	$	(300)
Other comprehensive (loss) income before reclassifications	$	85	$	(7)	$	—	$	78
Amounts reclassified from AOCI	—		(1)		(24)		(25)
Net current period other comprehensive (loss) income	$	85	$	(8)	$	(24)	$	53
Spin-Off of NCR Atleos	(105)		8		(85)		(182)
Balance at December 31, 2023	$	(424)	$	(5)	$	—	$	(429)

Reclassifications Out of AOCI

The reclassifications out of AOCI for the years ended December 31 are as follows:

		For the year ended December 31, 2023
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(1)		(1)		—		(2)
	Selling, general and administrative expenses	—		—		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(31)		(31)
	Total before tax	$	(1)	$	(1)	$	(31)	$	(33)
	Tax expense							8
	Total reclassifications, net of tax							$	(25)

		For the year ended December 31, 2022
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	(1)		(1)		(8)		(10)
	Selling, general and administrative expenses	1		(1)		—		—
	Research and development expenses	—		—		—		—
	Interest expense	—		—		(10)		(10)
	Total before tax	$	—	$	(2)	$	(18)	$	(20)
	Tax expense							2
	Total reclassifications, net of tax							$	(18)

		For the year ended December 31, 2021
		Employee Benefit Plans
In millions		Actuarial Losses Recognized		Amortization of Prior Service Benefit		Effective Cash Flow Hedges		Total
Affected line in Consolidated Statement of Operations:
	Cost of products	$	—	$	—	$	—	$	—
	Cost of services	—		(2)		1		(1)
	Selling, general and administrative expenses	(1)		—		—		(1)
	Research and development expenses	—		1		—		1
	Total before tax	$	(1)	$	(1)	$	1	$	(1)
	Tax expense							—
	Total reclassifications, net of tax							$	(1)