XML 31 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ (423) $ 59 $ 98
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss on debt extinguishment 46 0 42
Depreciation and amortization 559 610 517
Stock-based compensation expense 177 125 154
Deferred income taxes 140 60 89
Loss (gain) on disposal of property, plant and equipment and other assets (2) (10) 0
Loss on divestitures 12 9 0
Impairment of other assets 8 0 24
Gain on terminated interest rate derivative agreements (103) 0 0
Changes in assets and liabilities, net of effects of business acquired:      
Receivables 47 (216) 215
Inventories 9 (188) (195)
Current payables and accrued expenses 108 29 255
Contract liabilities (24) (1) (15)
Employee benefit plans (6) (61) (147)
Other assets and liabilities 146 11 (28)
Net cash provided by operating activities 694 427 1,009
Investing activities      
Expenditures for property, plant and equipment (130) (92) (106)
Proceeds from sales of property, plant and equipment 8 10 1
Additions to capitalized software (247) (285) (242)
Business acquisitions, net of cash acquired (7) (13) (2,473)
Proceeds from divestitures, net 96 (2) 0
Purchases of investments (10) 0 (13)
Proceeds from sale of investments 0 0 14
Other investing activities, net 0 (5) (7)
Net cash used in investing activities (290) (387) (2,826)
Financing activities      
Short term borrowings, net 0 1 0
Payments on term credit facilities (1,878) (63) (107)
Borrowings on term credit facilities 200 0 1,505
Payments on revolving credit facilities (2,855) (1,192) (1,650)
Borrowings on revolving credit facilities 2,430 1,333 1,756
Payments of senior unsecured notes (1,000) 0 (400)
Proceeds from issuance of senior unsecured and other notes 0 12 1,200
Payments on other financing arrangements (2) 0 0
Debt issuance costs and bridge commitment fees (5) 0 (53)
Call premium paid on debt extinguishment (24) 0 (37)
Cash paid for Series A Convertible Preferred Stock dividends (15) (15) (15)
Tax withholding payments on behalf of employees (34) (59) (50)
Proceeds from employee stock plans 27 31 44
Net change in client funds obligations 0 (28) 4
Principal payments for finance lease obligations (15) (15) (17)
Proceeds from long-term debt related to debt transferred to NCR Atleos at separation 3,016 0 0
Cash transferred to NCR Atleos at separation (684) 0 0
Other financing activities 0 (4) (2)
Net cash provided by (used in) financing activities (839) 1 2,178
Effect of exchange rate changes on cash, cash equivalents and restricted cash (20) (50) (18)
Increase (decrease) in cash, cash equivalents and restricted cash (455) (9) 343
Cash, cash equivalents and restricted cash at beginning of period 740 749 406
Cash, cash equivalents and restricted cash at end of period $ 285 $ 740 $ 749