XML 54 R43.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidating Supplemental Guarantor Information (Tables)
12 Months Ended
Dec. 31, 2018
Condensed Consolidating Supplemental Guarantor Information [Abstract]  
Schedule of Condensed Consolidating Supplemental Guarantor Information
Consolidating Statements of Operations and Comprehensive Income (Loss)
For the year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
1,091

 
$
36

 
$
1,440

 
$
(226
)
 
$
2,341

Service revenue
2,117

 
33

 
1,914

 

 
4,064

Total revenue
3,208

 
69

 
3,354

 
(226
)
 
6,405

Cost of products
1,000

 
32

 
1,182

 
(226
)
 
1,988

Cost of services
1,443

 
13

 
1,286

 

 
2,742

Selling, general and administrative expenses
577

 
2

 
426

 

 
1,005

Research and development expenses
102

 

 
150

 

 
252

Asset impairment charges
210

 

 
17

 

 
227

Total operating expenses
3,332

 
47

 
3,061

 
(226
)
 
6,214

Income (loss) from operations
(124
)
 
22

 
293

 

 
191

Interest expense
(161
)
 

 
(15
)
 
8

 
(168
)
Other income (expense), net
7

 
6

 
11

 
(8
)
 
16

Income (loss) from continuing operations before income taxes
(278
)
 
28

 
289

 

 
39

Income tax expense (benefit)
(56
)
 
72

 
57

 

 
73

Income (loss) from continuing operations before earnings in subsidiaries
(222
)
 
(44
)
 
232

 

 
(34
)
Equity in earnings of consolidated subsidiaries
184

 
237

 

 
(421
)
 

Income (loss) from continuing operations
(38
)
 
193

 
232

 
(421
)
 
(34
)
Income (loss) from discontinued operations, net of tax
(50
)
 

 
(2
)
 

 
(52
)
Net income (loss)
$
(88
)
 
$
193

 
$
230

 
$
(421
)
 
$
(86
)
Net income (loss) attributable to noncontrolling interests

 

 
2

 

 
2

Net income (loss) attributable to NCR
$
(88
)
 
$
193

 
$
228

 
$
(421
)
 
$
(88
)
Total comprehensive income (loss)
(136
)
 
118

 
174

 
(292
)
 
(136
)
Less comprehensive income (loss) attributable to noncontrolling interests

 

 

 

 

Comprehensive income (loss) attributable to NCR common stockholders
$
(136
)
 
$
118

 
$
174

 
$
(292
)
 
$
(136
)
Consolidating Statements of Operations and Comprehensive Income (Loss)
For the year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
1,329

 
$
91

 
$
1,454

 
$
(295
)
 
$
2,579

Service revenue
2,051

 
29

 
1,857

 

 
3,937

Total revenue
3,380

 
120

 
3,311

 
(295
)
 
6,516

Cost of products
1,042

 
37

 
1,237

 
(295
)
 
2,021

Cost of services
1,360

 
10

 
1,270

 

 
2,640

Selling, general and administrative expenses
490

 
3

 
430

 

 
923

Research and development expenses
184

 

 
57

 

 
241

Restructuring-related charges

 

 

 

 

Total operating expenses
3,076

 
50

 
2,994

 
(295
)
 
5,825

Income (loss) from operations
304

 
70

 
317

 

 
691

Interest expense
(159
)
 

 
(9
)
 
5

 
(163
)
Other income (expense), net
(74
)
 
1

 
32

 
(5
)
 
(46
)
Income (loss) from continuing operations before income taxes
71

 
71

 
340

 

 
482

Income tax expense (benefit)
113

 
107

 
22

 

 
242

Income (loss) from continuing operations before earnings in subsidiaries
(42
)
 
(36
)
 
318

 

 
240

Equity in earnings of consolidated subsidiaries
279

 
291

 

 
(570
)
 

Income (loss) from continuing operations
237

 
255

 
318

 
(570
)
 
240

Income (loss) from discontinued operations, net of tax
(5
)
 

 

 

 
(5
)
Net income (loss)
$
232

 
$
255

 
$
318

 
$
(570
)
 
$
235

Net income (loss) attributable to noncontrolling interests

 

 
3

 

 
3

Net income (loss) attributable to NCR
$
232

 
$
255

 
$
315

 
$
(570
)
 
$
232

Total comprehensive income (loss)
238

 
269

 
317

 
(585
)
 
239

Less comprehensive income (loss) attributable to noncontrolling interests

 

 
1

 

 
1

Comprehensive income (loss) attributable to NCR common stockholders
$
238

 
$
269

 
$
316

 
$
(585
)
 
$
238

















Consolidating Statements of Operations and Comprehensive Income (Loss)
For the year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Product revenue
$
1,293

 
$
111

 
$
1,768

 
$
(435
)
 
$
2,737

Service revenue
1,962

 
36

 
1,808

 

 
3,806

Total revenue
3,255

 
147

 
3,576

 
(435
)
 
6,543

Cost of products
1,028

 
50

 
1,456

 
(435
)
 
2,099

Cost of services
1,359

 
12

 
1,255

 

 
2,626

Selling, general and administrative expenses
526

 
4

 
374

 

 
904

Research and development expenses
160

 

 
65

 

 
225

Restructuring-related charges
3

 

 
12

 

 
15

Total operating expenses
3,076

 
66

 
3,162

 
(435
)
 
5,869

Income (loss) from operations
179

 
81

 
414

 

 
674

Interest expense
(165
)
 

 
(10
)
 
5

 
(170
)
Other income (expense), net
(42
)
 
(23
)
 
(55
)
 
(5
)
 
(125
)
Income (loss) from continuing operations before income taxes
(28
)
 
58

 
349

 

 
379

Income tax expense (benefit)
(20
)
 
21

 
91

 

 
92

Income (loss) from continuing operations before earnings in subsidiaries
(8
)
 
37

 
258

 

 
287

Equity in earnings of consolidated subsidiaries
291

 
304

 

 
(595
)
 

Income (loss) from continuing operations
283

 
341

 
258

 
(595
)
 
287

Income (loss) from discontinued operations, net of tax
(13
)
 

 

 

 
(13
)
Net income (loss)
$
270

 
$
341

 
$
258

 
$
(595
)
 
$
274

Net income (loss) attributable to noncontrolling interests

 

 
4

 

 
4

Net income (loss) attributable to NCR
$
270

 
$
341

 
$
254

 
$
(595
)
 
$
270

Total comprehensive income (loss)
215

 
277

 
195

 
(473
)
 
214

Less comprehensive income (loss) attributable to noncontrolling interests

 

 
(1
)
 

 
(1
)
Comprehensive income (loss) attributable to NCR common stockholders
$
215

 
$
277

 
$
196

 
$
(473
)
 
$
215




Consolidating Balance Sheet
December 31, 2018
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6

 
$
8

 
$
450

 
$

 
$
464

Accounts receivable, net
37

 
10

 
1,309

 

 
1,356

Inventories
288

 
4

 
514

 

 
806

Due from affiliates
708

 
2,092

 
457

 
(3,257
)
 

Other current assets
137

 
47

 
255

 
(42
)
 
397

Total current assets
1,176

 
2,161

 
2,985

 
(3,299
)
 
3,023

Property, plant and equipment, net
245

 
1

 
113

 

 
359

Goodwill
2,168

 

 
524

 

 
2,692

Intangibles, net
536

 

 
59

 

 
595

Prepaid pension cost

 

 
140

 

 
140

Deferred income taxes
317

 

 
149

 
(18
)
 
448

Investments in subsidiaries
3,244

 
2,854

 

 
(6,098
)
 

Due from affiliates
16

 
1

 
35

 
(52
)
 

Other assets
453

 
4

 
47

 

 
504

Total assets
$
8,155

 
$
5,021

 
$
4,052

 
$
(9,467
)
 
$
7,761

 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
85

 
$

 
$
100

 
$

 
$
185

Accounts payable
397

 
2

 
498

 

 
897

Payroll and benefits liabilities
141

 

 
97

 

 
238

Deferred service revenue and customer deposits
221

 
5

 
235

 

 
461

Due to affiliates
2,177

 
143

 
937

 
(3,257
)
 

Other current liabilities
201

 
6

 
336

 
(42
)
 
501

Total current liabilities
3,222

 
156

 
2,203

 
(3,299
)
 
2,282

Long-term debt
2,978

 

 
2

 

 
2,980

Pension and indemnity plan liabilities
502

 

 
257

 

 
759

Postretirement and postemployment benefits liabilities
18

 
3

 
97

 

 
118

Income tax accruals
19

 
5

 
67

 

 
91

Due to affiliates

 
36

 
16

 
(52
)
 

Other liabilities
162

 
24

 
91

 
(18
)
 
259

Total liabilities
6,901

 
224

 
2,733

 
(3,369
)
 
6,489

Redeemable noncontrolling interest

 

 
14

 

 
14

Series A convertible preferred stock
859

 

 

 

 
859

Stockholders’ equity
 
 
 
 
 
 
 
 
 
Total NCR stockholders’ equity
395

 
4,797

 
1,301

 
(6,098
)
 
395

Noncontrolling interests in subsidiaries

 

 
4

 

 
4

Total stockholders’ equity
395

 
4,797

 
1,305

 
(6,098
)
 
399

Total liabilities and stockholders’ equity
$
8,155

 
$
5,021

 
$
4,052

 
$
(9,467
)
 
$
7,761

Consolidating Balance Sheet
December 31, 2017
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
97

 
$
11

 
$
429

 
$

 
$
537

Accounts receivable, net
62

 
12

 
1,196

 

 
1,270

Inventories
311

 
7

 
462

 

 
780

Due from affiliates
646

 
1,801

 
283

 
(2,730
)
 

Other current assets
78

 
39

 
162

 
(36
)
 
243

Total current assets
1,194

 
1,870

 
2,532

 
(2,766
)
 
2,830

Property, plant and equipment, net
207

 

 
134

 

 
341

Goodwill
2,228

 

 
513

 

 
2,741

Intangibles, net
503

 

 
75

 

 
578

Prepaid pension cost

 

 
118

 

 
118

Deferred income taxes
334

 

 
157

 
(31
)
 
460

Investments in subsidiaries
3,008

 
2,942

 

 
(5,950
)
 

Due from affiliates
31

 
1

 
39

 
(71
)
 

Other assets
472

 
63

 
51

 

 
586

Total assets
$
7,977

 
$
4,876

 
$
3,619

 
$
(8,818
)
 
$
7,654

 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
52

 
$

 
$

 
$

 
$
52

Accounts payable
382

 

 
380

 

 
762

Payroll and benefits liabilities
124

 

 
95

 

 
219

Deferred service revenue and customer deposits
216

 
6

 
236

 

 
458

Due to affiliates
1,884

 
130

 
716

 
(2,730
)
 

Other current liabilities
204

 
5

 
225

 
(36
)
 
398

Total current liabilities
2,862

 
141

 
1,652

 
(2,766
)
 
1,889

Long-term debt
2,937

 

 
2

 

 
2,939

Pension and indemnity plan liabilities
515

 

 
283

 

 
798

Postretirement and postemployment benefits liabilities
20

 
3

 
110

 

 
133

Income tax accruals
20

 
5

 
123

 

 
148

Due to affiliates

 
39

 
32

 
(71
)
 

Other liabilities
94

 
36

 
101

 
(31
)
 
200

Total liabilities
6,448

 
224

 
2,303

 
(2,868
)
 
6,107

Redeemable noncontrolling interest

 

 
15

 

 
15

Series A Convertible Preferred Stock
810

 

 

 

 
810

Stockholders’ equity
 
 
 
 
 
 
 
 
 
Total NCR stockholders’ equity
719

 
4,652

 
1,298

 
(5,950
)
 
719

Noncontrolling interests in subsidiaries

 

 
3

 

 
3

Total stockholders’ equity
719

 
4,652

 
1,301

 
(5,950
)
 
722

Total liabilities and stockholders’ equity
$
7,977

 
$
4,876

 
$
3,619

 
$
(8,818
)
 
$
7,654








Consolidating Statement of Cash Flows
For the year ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
353

 
$
(138
)
 
$
375

 
$
(18
)
 
$
572

Investing activities
 
 
 
 
 
 
 
 
 
Expenditures for property, plant and equipment
(109
)
 

 
(34
)
 

 
(143
)
Additions to capitalized software
(144
)
 

 
(26
)
 

 
(170
)
Investments in equity affiliates
(14
)
 

 

 
14

 

Proceeds from (payments of) intercompany notes
228

 
135

 

 
(363
)
 

Acquisitions
(206
)
 

 

 

 
(206
)
Proceeds from the sale of PPE
1

 

 
2

 

 
3

Other investing activities, net
(4
)
 

 

 

 
(4
)
Net cash provided by (used in) investing activities
(248
)
 
135

 
(58
)
 
(349
)
 
(520
)
Financing activities
 
 
 
 
 
 
 
 
 
Tax withholding payments on behalf of employees
(36
)
 

 

 

 
(36
)
Repurchases of Company common stock
(210
)
 

 

 

 
(210
)
Short term borrowings, net
(1
)
 

 

 

 
(1
)
Borrowings on term facility

 

 

 

 

Payments of term credit facilities
(51
)
 

 

 

 
(51
)
Proceeds from employee stock plans
20

 

 

 

 
20

Payments on revolving credit facilities
(1,755
)
 

 
(478
)
 

 
(2,233
)
Borrowings on revolving credit facilities
1,875

 

 
578

 

 
2,453

Equity contribution

 

 
14

 
(14
)
 

Dividends distribution to consolidated subsidiaries

 

 
(18
)
 
18

 

Borrowings (repayments) of intercompany notes

 

 
(363
)
 
363

 

Net cash provided by (used in) financing activities
(158
)
 

 
(267
)
 
367

 
(58
)
Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in discontinued operations operating activities
(36
)
 

 

 

 
(36
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash
(1
)
 

 
(24
)
 

 
(25
)
Increase (decrease) in cash, cash equivalents and restricted cash
(90
)
 
(3
)
 
26

 

 
(67
)
Cash, cash equivalents and restricted cash at beginning of period
97

 
11

 
435

 

 
543

Cash, cash equivalents and restricted cash at end of period
$
7

 
$
8

 
$
461

 
$

 
$
476

In millions
December 31, 2018
Reconciliation of cash, cash equivalents and restricted cash as shown in the Consolidated Statements of Cash Flows
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
$
6

 
$
8

 
$
450

 
$

 
$
464

Restricted cash included in Other assets
1

 

 
11

 

 
12

Total cash, cash equivalents and restricted cash
$
7

 
$
8

 
$
461

 
$

 
$
476



Consolidating Statement of Cash Flows
For the year ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
459

 
$
(180
)
 
$
483

 
$
(10
)
 
$
752

Investing activities
 
 
 
 
 
 
 
 
 
Expenditures for property, plant and equipment
(87
)
 

 
(41
)
 

 
(128
)
Additions to capitalized software
(133
)
 

 
(33
)
 

 
(166
)
Proceeds from (payments of) intercompany notes
230

 
180

 
2

 
(412
)
 

Acquisitions
(8
)
 

 

 

 
(8
)
Proceeds from the sale of PPE

 

 
6

 

 
6

Proceeds from divestitures
3

 

 

 

 
3

Investments in equity affiliates
3

 

 

 
(3
)
 

Other investing activities, net
(1
)
 

 
4

 

 
3

Net cash provided by (used in) investing activities
7

 
180

 
(62
)
 
(415
)
 
(290
)
Financing activities
 
 
 
 
 
 
 
 
 
Short term borrowings, net
(5
)
 

 
1

 

 
(4
)
Payments on term credit facilities
(56
)
 

 
(5
)
 

 
(61
)
Payments on revolving credit facilities
(1,700
)
 

 
(240
)
 

 
(1,940
)
Borrowings on revolving credit facilities
1,700

 

 
240

 

 
1,940

Tax withholding payments on behalf of employees
(31
)
 

 

 

 
(31
)
Proceeds from employee stock plans
15

 

 

 

 
15

Other financing activities
(1
)
 

 
(2
)
 

 
(3
)
Dividend distribution to consolidated subsidiaries

 

 
(10
)
 
10

 

Repurchases of Company common stock
(350
)
 

 

 

 
(350
)
Equity contribution

 

 
(3
)
 
3

 

Borrowings (repayments) of intercompany notes

 
(2
)
 
(410
)
 
412

 

Net cash provided by (used in) financing activities
(428
)
 
(2
)
 
(429
)
 
425

 
(434
)
Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in discontinued operations operating activities
(8
)
 

 

 

 
(8
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash

 
1

 
15

 

 
16

Increase (decrease) in cash, cash equivalents and restricted cash
30

 
(1
)
 
7

 

 
36

Cash, cash equivalents and restricted cash at beginning of period
67

 
12

 
428

 

 
507

Cash, cash equivalents and restricted cash at end of period
$
97

 
$
11

 
$
435

 
$

 
$
543


In millions
December 31, 2017
Reconciliation of cash, cash equivalents and restricted cash as shown in the Consolidated Statements of Cash Flows
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
$
97

 
$
11

 
$
429

 
$

 
$
537

Restricted cash included in Other assets

 

 
6

 

 
6

Total cash, cash equivalents and restricted cash
$
97

 
$
11

 
$
435

 
$

 
$
543

Consolidating Statement of Cash Flows
For the year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
(in millions)
Parent Issuer
 
Guarantor Subsidiary
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
336

 
(160
)
 
723

 
(3
)
 
896

Investing activities
 
 
 
 
 
 
 
 
 
Expenditures for property, plant and equipment
(33
)
 

 
(40
)
 

 
(73
)
Additions to capitalized software
(114
)
 

 
(40
)
 

 
(154
)
Proceeds from (payments of) intercompany notes
365

 
115

 

 
(480
)
 

Proceeds from divestitures
22

 

 
25

 

 
47

Investments in equity affiliates
(9
)
 
50

 

 
(41
)
 

Other investing activities, net
(9
)
 

 

 

 
(9
)
Net cash provided by (used in) investing activities
222

 
165

 
(55
)
 
(521
)
 
(189
)
Financing activities
 
 
 
 
 
 
 
 
 
Short term borrowings, net
(4
)
 

 
(4
)
 

 
(8
)
Payments on revolving credit facilities
(89
)
 

 
(8
)
 

 
(97
)
Payments on revolving credit facilities
(1,151
)
 

 
(280
)
 

 
(1,431
)
Borrowings on revolving credit facilities
1,051

 

 
280

 

 
1,331

Tax withholding payments on behalf of employees
(16
)
 

 

 

 
(16
)
Proceeds from employee stock plans
15

 

 

 

 
15

Debt issuance costs
(9
)
 

 

 

 
(9
)
Dividend distribution to consolidated subsidiaries

 

 
(53
)
 
53

 

Other financing activities

 

 
(2
)
 

 
(2
)
Equity contribution

 

 
9

 
(9
)
 

Borrowings (repayments) of intercompany notes
(16
)
 

 
(464
)
 
480

 

Tender offer share repurchase
(250
)
 

 

 

 
(250
)
Net cash provided by (used in) financing activities
(469
)
 

 
(522
)
 
524

 
(467
)
Cash flows from discontinued operations
 
 
 
 
 
 
 
 
 
Net cash used in discontinued operations operating activities
(39
)
 

 

 

 
(39
)
Effect of exchange rate changes on cash, cash equivalents and restricted cash

 
(13
)
 
(16
)
 

 
(29
)
Increase (decrease) in cash, cash equivalents and restricted cash
50

 
(8
)
 
130

 

 
172

Cash, cash equivalents and restricted cash at beginning of period
17

 
20

 
298

 

 
335

Cash, cash equivalents and restricted cash at end of period
$
67

 
$
12

 
$
428

 
$

 
$
507