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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 246 $ 262
Accounts receivable, net of allowances of $28 and $29 as of March 31, 2024 and December 31, 2023, respectively 484 477
Inventories 259 251
Restricted cash, current 22 21
Prepaid and other current assets 227 187
Current assets of discontinued operations 0 8
Total current assets 1,238 1,206
Property, plant and equipment, net 208 212
Goodwill 2,039 2,040
Intangibles, net 277 291
Operating lease assets 240 236
Prepaid pension cost 41 43
Deferred income taxes 235 239
Other assets 729 723
Total assets 5,007 4,990
Current liabilities    
Short-term borrowings 15 15
Accounts payable 482 505
Payroll and benefits liabilities 100 149
Contract liabilities 260 194
Settlement liabilities 43 39
Other current liabilities 435 426
Current liabilities of discontinued operations 0 5
Total current liabilities 1,335 1,333
Long-term debt 2,658 2,563
Pension and indemnity plan liabilities 162 165
Postretirement and postemployment benefits liabilities 44 43
Income tax accruals 64 64
Operating lease liabilities 259 254
Other liabilities 245 265
Noncurrent liabilities of discontinued operations 0 2
Total liabilities 4,767 4,689
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, 2024 and December 31, 2023; redemption amount and liquidation preference of $276 as of March 31, 2024 and December 31, 2023 276 276
NCR Voyix stockholders’ equity (deficit)    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 144.6 and 142.6 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 1 1
Paid-in capital 879 874
Retained earnings (deficit) (463) (421)
Accumulated other comprehensive loss (451) (429)
Total NCR Voyix stockholders’ equity (deficit) (34) 25
Noncontrolling interests in subsidiaries (2) 0
Total stockholders’ equity (deficit) (36) 25
Total liabilities and stockholders’ equity (deficit) $ 5,007 $ 4,990