2012 NCR Savings Plan


 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________
FORM 11-K
_____________________________________
(Mark one)
x    Annual Report pursuant to Section 15(d) of the Securities Exchange Act of 1934 for fiscal year ended December 31, 2012.
    

OR

¨    Transition Report pursuant to Section 15(d) of the Securities Exchange Act of 1934.

Commission File Number 001-00395
______________________________________

A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

NCR Savings Plan
 
B.
Name and issuer of the securities held pursuant to the plan and the address of its principal executive office:
NCR Corporation

3097 Satellite Boulevard, Duluth Georgia 30096

 


















NCR Savings Plan
Index
December 31, 2012 and 2011


 
Page(s)
Financial Statements:
 
Supplemental Schedule:
 
 
 
*
Other schedules required by Section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.




        





Table of Contents


Report of Independent Registered Public Accounting Firm
To the Participants and
Administrator of NCR Savings Plan:

In our opinion, the accompanying Statements of Net Assets Available for Benefits and the related Statement of Changes in Net Assets Available for Benefits present fairly, in all material respects, the net assets available for benefits of NCR Savings Plan (the “Plan”) at December 31, 2012 and December 31, 2011, and the changes in net assets available for benefits for the year ended December 31, 2012 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule of Assets (Held at End of Year) is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.


/s/ PricewaterhouseCoopers LLP
Atlanta, Georgia
June 14, 2013



Table of Contents



NCR Savings Plan
Statements of Net Assets Available for Benefits
December 31, 2012 and 2011


 
 
 
 
 
 
 
 December 31,
 
 
 
 
 
 
 
2012
 
2011
 Assets
 
 
 
 Investments, at fair value
$
1,110,219,705

 
$
1,045,319,118

 Contributions receivable:
 
 
 
 
 Participants
806,494

 
546,112

 
 Employer
214,535

 
125,150

 Notes receivable from participants
12,996,363

 
11,720,898

 Due from broker for securities sold
869,303

 
698,240

 
 
 
 Total assets
1,125,106,400

 
1,058,409,518

 Liabilities
 
 
 
 Due to broker for securities purchased
823,133

 
121,782

 Accrued expenses
400,246

 
185,921

 
 
 
 Total liabilities
1,223,379

 
307,703

 Net assets available for benefits
$
1,123,883,021

 
$
1,058,101,815



The accompanying notes are an integral part of these financial statements.
2

Table of Contents


NCR Savings Plan
Statement of Changes in Net Assets Available for Benefits
Year ended December 31, 2012

Additions to net assets attributed to:
 
Investment income
 
 
Net appreciation in fair value of investments
$
136,851,324

 
Dividends
2,125,915

 
 
Total investment income
138,977,239

Contributions
 
 
Participant
59,154,826

 
Employer, net of forfeitures
11,242,455

 
 
Total contributions
70,397,281

Interest on notes receivable from participants
562,267

 
 
Total additions
209,936,787

Deductions from net assets attributed to:
 
 
Benefits paid to participants
198,254,007

 
Administrative expenses
1,995,754

 
 
Total deductions
200,249,761

 
 
Net increase before merger of other plans
9,687,026

Transfers in
 
 
Merger of assets from other plans (Note 6)
56,094,180

 
Net increase
65,781,206

Net assets available for benefits
 
 
Beginning of year
1,058,101,815

 
End of year
$
1,123,883,021




The accompanying notes are an integral part of these financial statements.
3

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


1.
Description of the Plan

General
The NCR Savings Plan (the “Plan”) is a defined contribution plan established on May 1, 1985 by NCR Corporation (“NCR”, “Employer”, or the “Company”) to give the Company’s employees more control over, and participation in, the accumulation of capital for their retirement.
The Plan is designed to qualify as a profit-sharing plan with a qualified cash or deferred arrangement under Section 401(k) of the Internal Revenue Code of 1986, as amended. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
The Plan covers substantially all U.S. employees of the Company (other than certain categories of part-time, temporary and intern employees) and its domestic subsidiaries, except for employees of certain newly acquired subsidiaries and employees covered by a collective bargaining agreement.
The terms of the Plan described below are applicable to the majority of participants. Different terms are applicable for a small group of participants in the Plan due to the mergers of legacy 401(k) plans into the Plan. While terms applicable to certain participants may vary slightly from the terms described below, all participants have substantially the same benefits and requirements.
For a complete description of the Plan, participants should refer to the Plan Document or the Summary Plan Description.
Contributions and Funding
All eligible employees of the Company may defer a portion of their compensation by making tax-deferred contributions, as well as after-tax contributions, to the Plan. Participants may elect to contribute up to 50 percent of their eligible compensation. The maximum contribution percentage limits vary based upon the participant’s compensation. Annual tax-deferred contributions per participant for the 2012 Plan year were limited to $17,000.
The Company matches employee contributions by contributing 50 cents for each dollar of employee contributions, up to the first 4% of eligible compensation.
In accordance with the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), the Plan allows employees aged 50 and older to elect to make an additional $5,500 catch-up contribution during the 2012 Plan year.
Participants direct their contributions, as well as the Company’s matching contributions, into various investment strategies, market index and Common Collective Trust funds, and the NCR Unitized Stock Fund which invests primarily in the Company’s common stock. The investment strategies are comprised of a combination of mutual funds, separately managed accounts and common/collective trusts and are managed to derive returns subject to the associated risk tolerance.
In March 2012, the Plan’s investment options changed to include several new options as well as to discontinue the Fidelity Mutual Fund Window and to cease future contributions into the NCR Unitized Stock Fund.

Vesting and Forfeitures
Participants are immediately vested in their contributions plus actual earnings thereon. Company matching contributions vest in increments of one-fifth each year, over a five-year period beginning on the participant’s hire date. Participants are fully vested in their account balance after five years of service.

4

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


Participants become immediately and fully vested in their account (i) upon attainment of age 65, (ii) upon retirement, (iii) upon termination of employment due to a “reduction in force,” (iv) in the event of death, or (v) in the event of total and permanent disability. Upon termination of employment, participants are entitled to full distribution of their contributions and all vested Company matching contributions; all non-vested Company matching contributions are forfeited. These forfeitures are used to reduce future Company matching contributions or to pay reasonable administrative expenses of the Plan. During 2012, forfeitures used to offset Company matching contributions were $909,762. As of December 31, 2012 and 2011 $20,030 and $7,223 in forfeitures, respectively, were available to reduce future Company matching contributions.
Participant Accounts
Each participant’s account is credited with the participant’s contributions, and an allocation of Company contributions and Plan earnings. Plan earnings are allocated based on participants’ account balances and individual investments that make up those balances. Participants’ accounts are valued on a daily basis. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account balance.
Participants may withdraw any employee tax-deferred contributions during their employment in the case of a “hardship” (as defined by the Plan), and participants may withdraw after-tax employee contributions for any reason. The participants may not withdraw any Company matching contributions or any earnings on Company matching or employee contributions until they terminate employment with the Company.
Notes Receivable from Participants
Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to $50,000 or 50 percent of their account balance, whichever is less. The loans are collateralized by the balance in the participant's accounts and bear interest at a fixed rate based on the prime rate in effect on the last day of the preceding month plus 1%. Generally, the term of the loan may be between one and five years. However, there are certain loans which were merged into the Plan and have a maximum term of ten years. Principal and interest is paid ratably through monthly payroll deductions. Upon default, participants are considered to have received a distribution and are subject to income taxes on the distribution amount. Loans at December 31, 2012 bear interest at rates ranging from 4.25% to 10.50% and are due at various dates through January 18, 2017. Loans are repaid through payroll deductions.
Withdrawals and Benefits
Participants may withdraw vested balances upon reaching the age of 59 and 1/2, or upon a participant’s termination or disability. A participant's beneficiary shall be eligible to receive a distribution of the participant's account upon death of the participant. Hardship withdrawals, as defined by the Plan, may be made from employee contributions at any time subject to approval by the Plan’s Administrator. On termination of service, a participant receives a lump-sum amount equal to the value of the vested portion of their account if it is less than $1,000. Terminated participants with more than $1,000 in vested benefits may elect to receive a lump-sum payment, quarterly installment payments, or leave the vested benefits within the Plan until reaching age 70 and 1/2, death and/or disability.
Termination of the Plan
The Company currently has no plans to terminate the Plan; however, the Company reserves the right to terminate the Plan at any time by action of the Board of Directors. No amendment or termination of the Plan may adversely affect a participant’s accrued benefits on the date of the amendment or termination. Upon termination of the Plan, the Company is required to vest the accounts of unvested participants. No amendment may change the requirement that the assets of the NCR Savings Plan Trust (the “Trust”) be used for the exclusive benefit of the participants, the former participants and the beneficiaries or to pay reasonable administrative expenses of the Plan.
Upon termination of the Plan, the Company will cause the Trust to be liquidated. Distributions will be made to the various participants, former participants and beneficiaries in a single lump sum promptly after liquidation is effective.




5

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


Plan Amendment
In 2012, the Plan was amended to allow beneficiary designations of persons, trusts or organizations and allows these designations to be made electronically or in writing. Also, the amendment allows all compensation earned during a Plan year to be taken into account in applying the Section 401(a)(17) of the Code limit on Compensation to maximize Plan benefits. Additionally, the amendment continues a hardship suspension for any participant in a merging Plan.

The Plan was also amended to allow employees of the sponsors of the First Level Technology, LLC 401(k) Plan, Radiant Systems, Inc. 401(k) Plan, Texas Digital Systems, Inc 401(k) Plan, and InfoAmerica USA 401(k) Plan to participate in the Plan and recognizes prior service for purposes of vesting under the Plan.
 
2.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities and changes therein. Actual results could differ from those estimates.
Risk and Uncertainties
The Plan provides for various investment options in several investment securities and instruments, including the NCR Unitized Stock Fund, which holds the Company’s common stock. Investment securities are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in risks in the near term could continue to materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.
Investment Valuation and Income Recognition
The Plan’s investments are stated at fair value. Investments in money market funds are short term investments comprised of various marketable instruments with maturities averaging ninety days or less. Investments in mutual funds are valued at the net asset value (“NAV”) of shares held by the Plan. Investments in common collective trust funds include various index funds. The fair values of the Plan’s interest in the index funds are based on the net asset values (“NAVs”) reported by the fund managers as of the financial statement dates. The index funds provide for daily redemptions by the Plan at reported NAVs with no advance notice requirement. Under unusual circumstances redemptions may be suspended should the withdrawal cause a material adverse impact on other participating plans. Fair values for these investments within the index funds are based on quoted prices in active markets and securities valued using either observable inputs or quotations from inactive markets. Common stock is valued at the closing price reported on the active market on which the security is traded. All the common collective trust funds have daily liquidity and are not subject to any redemption restrictions at the measurement date. The funds have different trading terms varying from one to three days.

Purchases and sales of securities are recorded on a trade-date basis. Dividends are recorded on the ex-dividend date. Interest is recorded on an accrual basis.
The Plan presents in its Statement of Changes in Net Assets Available for Benefits the net appreciation/depreciation in fair value of investments, which consists of the realized gains and losses as well as the unrealized appreciation/depreciation on those investments.
Notes Receivable from Participants
Notes receivable from participants are valued at their outstanding balances, plus accrued but unpaid interest. There were no allowances for credit losses at December 31, 2012 or 2011.


6

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


Due to and from broker for securities purchased and sold
These items are pending security settlements.

Plan Expenses
Recordkeeping and other administrative fees are deducted from participant accounts or paid directly by the Company. Individual fees apply for specific transactions such as the establishment of a participant loan. Brokerage fees and commissions are included in the cost of investments when purchased and in determining the net proceeds on sales of investments. Investment management fees are paid from the respective assets of the investment option.

Payments to Withdrawing Participants
The Plan records payments to withdrawing participants at the time of disbursement.
Rollover Contributions
Participant rollover contributions totaling $18,346,489 from other defined contribution plans are included as participant contributions in the Statement of Changes in Net Assets Available for Benefits.
Recent Accounting Standards
In May 2011, the FASB issued ASU 2011-04 Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS. ASU 2011-4 is intended to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRS. The amendments are of two types: (i) those that clarify the Board’s intent about the application of existing fair value measurement and disclosure requirements and (ii) those that change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. The update is effective for annual periods beginning after December 15, 2011. The adoption of this update did not have a material impact on the Plan's financial statements.

In December 2011, the FASB issued ASU 2011-11, Balance Sheet (Topic 210), Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 requires entities to disclose both gross information and net information about both instruments and transactions eligible for offset in the Balance Sheet and instruments and transactions subject to an agreement similar to a master netting arrangement to enable users of their financial statements to understand the effects of offsetting and related arrangements on their financial position. In January 2013, the FASB issued ASU 2013-01 which limited the scope of this guidance to derivatives; repurchase type agreements and securities borrowing and lending transactions. The guidance from these updates was effective for our fiscal year beginning January 1, 2013. There are no assets or liabilities subject to offsetting. Accordingly, no additional disclosures are required upon adoption of these ASUs.




7

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


3.
Investments
The following presents investments that represent five percent or more of the Plan’s net assets:
 
 
 
 
 
 
 
December 31,
 
 
 
 
 
 
 
2012
 
2011
NTGI - QM Collective Daily Aggregate Bond Index Fund,
 
 
 
 
 387,994 and 310,920 shares, respectively
$
187,680,215

 
$
144,170,207

Pyramis Select International Equity Fund
 
 
 
 
462,302 and 524,926 shares, respectively
$
62,105,711

 
$
57,804,867

NTGI - QM Collective Daily S&P 500 Equity Index Fund,
 
 
 
 
 24,161 and 18,857 shares, respectively
$
105,971,805

 
$
71,259,634

LifePath Index 2020 Non-Lendable Fund F
 
 
 
 
6,095,930 shares
$
99,729,417

 
*
LifePath Index 2025 Non-Lendable Fund F
 
 
 
 
6,328,995 shares
$
107,086,588

 
*
LifePath Index 2030 Non-Lendable Fund F
 
 
 
 
4,401,260 shares
$
76,405,878

 
*
LifePath Index 2035 Non-Lendable Fund F
 
 
 
 
3,213,169 shares
$
57,162,273

 
*
*New fund options added in 2012
The Plan’s assets were also invested in Fidelity Mutual Fund Window investments, the fair value of which was $0 and $559,647,236 at December 31, 2012 and 2011, respectively. Within the Fidelity Mutual Fund Window, the fair value of the following investment fund represents five percent or more of the Plan's net assets:                     
 
December 31,
 
2012
 
2011
Fidelity Retirement Money Market Fund
$

 
$
50,939,273

During 2012, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by 136,851,324 as follows:
 
 
 
 
 
 
 
 
Year Ended
December 31, 2012
 
 
 
 
 
 
 
 
 
Mutual funds
 
$
23,111,963

Common stock
 
15,107,299

Common collective trust funds
 
83,224,457

Employer common stock fund
 
15,407,605

 
 
 
 
 
 
 
 
$
136,851,324



8

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


Fair Value Measurements
The Plan measures the fair value of Plan assets as the price that would be received to sell an asset in its principal market. In accordance with ASC 820, Fair Value Measurements and Disclosures, these measurements are classified and prioritized into a hierarchy framework by the inputs to valuation techniques used to perform the fair value calculation. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Level 1        Inputs to the valuation methodology are unadjusted quoted prices for identical assets in active markets that the Plan has the ability to access.

Level 2        Inputs to the valuation methodology include:
Quoted prices for similar assets in active markets;
Quoted prices for identical or similar assets in inactive markets;
Inputs, other than quoted prices, that are observable for the asset;
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
If the asset or liability has a specified contractual term, the input must be observable for substantially the full term of the asset or liability.

Level 3        Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

The asset’s fair value measurement level within the fair value hierarchy is based on the lowest level of the input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

The following is a description of the valuation methodologies used for these items, as well as the general classification of such items pursuant to the fair value hierarchy:

Money Market Funds — On a daily basis, the fund’s net asset value (“NAV”) is calculated using the amortized cost of the securities held in the fund and are classified within Level 2 in the fair value hierarchy tables below.

Mutual funds — Valued at the net asset value ("NAV") of shares held by the Plan at year end and are classified within Level 1 in the fair value hierarchy tables below. The mutual funds held are deemed to be actively traded. 
Common stock and Employer common stock — Valued at the closing price reported on the active markets on which the securities are traded and is classified within Level 1 in the fair value hierarchy tables below.

Common collective trust funds — Valued at the NAV of shares held by the Plan.   The collective trust fund information is reported at the lowest level to the Plan using the audited financial statements of each fund and, as described above, is included in Level 2 in the fair value hierarchy tables below.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan Administrator believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.


9

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


The following tables set forth by level within the fair value hierarchy the Plan's investment assets and investment liabilities at fair value as of December 31, 2012 and 2011.  As required by ASC 820, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value assessment.

 
 Investment Assets at Fair Value as of December 31, 2012
 
 
 Level 1
 
 Level 2
 
 Total
Money market fund
$

$
50,875,932

$
50,875,932

Common collective trust funds - Equity
 

 
268,831,233

 
268,831,233

Common collective trust funds - Bonds
 

 
187,680,215

 
187,680,215

Common collective trust funds - Target Date Funds
 

 
462,473,348

 
462,473,348

Common stocks:
 
 
 
 
 
 
  Automobiles & components
 
3,935,384

 

 
3,935,384

  Banks
 
8,705,460

 

 
8,705,460

  Capital goods
 
10,485,356

 

 
10,485,356

  Commercial services & supplies
 
2,680,789

 

 
2,680,789

  Consumer durables & apparel
 
2,392,647

 

 
2,392,647

  Diversified financials
 
7,220,062

 

 
7,220,062

  Energy
 
9,349,222

 

 
9,349,222

  Food & staples retailing
 
591,967

 

 
591,967

  Food beverage & tobacco
 
1,699,859

 

 
1,699,859

  Health care equipment & services
 
4,320,432

 

 
4,320,432

  Hotels restaurants & leisure
 
3,508,025

 

 
3,508,025

  Household & personal products
 
1,310,654

 

 
1,310,654

  Insurance
 
6,074,829

 

 
6,074,829

  Materials
 
5,834,799

 

 
5,834,799

  Media
 
2,989,667

 

 
2,989,667

  Other
 
1,633,068

 

 
1,633,068

  Pharmaceuticals
 
6,442,392

 

 
6,442,392

  Real estate
 
3,030,493

 

 
3,030,493

  Retailling
 
3,404,745

 

 
3,404,745

  Semiconductors
 
3,467,431

 

 
3,467,431

  Software & services
 
8,032,336

 

 
8,032,336

  Technology, hardware & equipment
 
6,270,435

 

 
6,270,435

  Telecommunication services
 
916,200

 

 
916,200

  Transportation
 
2,598,293

 

 
2,598,293

  Utilities
 
457,462

 

 
457,462

  Total common stocks
 
107,352,007

 

 
107,352,007

 
 
 
 
 
 
 
Employer common stock
 
33,006,970

 

 
33,006,970

Total investment assets at fair value
$
140,358,977

$
969,860,728

$
1,110,219,705





10

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


 
 Investment Assets at Fair Value as of December 31, 2011
 
 
 Level 1
 
 Level 2
 
 Total
Money market fund
$

$
1,205,005

$
1,205,005

Mutual funds - Value
 
49,383,023

 

 
49,383,023

Mutual funds - Asset Allocation
 
70,409,205

 

 
70,409,205

Mutual funds - Income
 
226,632,217

 

 
226,632,217

Mutual funds - Growth
 
213,222,791

 

 
213,222,791

Common collective trust funds - Equity
 

 
202,566,606

 
202,566,606

Common collective trust funds - Bonds
 

 
144,170,207

 
144,170,207

Common stocks:
 
 
 
 
 
 
  Automobiles & components
 
2,887,445

 

 
2,887,445

  Banks
 
7,455,426

 

 
7,455,426

  Capital goods
 
8,261,123

 

 
8,261,123

  Commercial services & supplies
 
3,040,318

 

 
3,040,318

  Consumer durables & apparel
 
1,540,518

 

 
1,540,518

  Diversified financials
 
4,202,709

 

 
4,202,709

  Energy
 
8,288,201

 

 
8,288,201

  Food & staples retailing
 
2,047,629

 

 
2,047,629

  Food beverage & tobacco
 
4,774,452

 

 
4,774,452

  Health care equipment & services
 
5,614,843

 

 
5,614,843

  Hotels restaurants & leisure
 
2,615,901

 

 
2,615,901

  Household & personal products
 
773,835

 

 
773,835

  Insurance
 
4,799,475

 

 
4,799,475

  Materials
 
4,631,649

 

 
4,631,649

  Media
 
1,885,696

 

 
1,885,696

  Other
 
159,412

 

 
159,412

  Pharmaceuticals
 
7,734,742

 

 
7,734,742

  Real estate
 
3,342,924

 

 
3,342,924

  Retailling
 
4,476,825

 

 
4,476,825

  Semiconductors
 
4,248,800

 

 
4,248,800

  Software & services
 
9,491,163

 

 
9,491,163

  Technology, hardware & equipment
 
7,295,935

 

 
7,295,935

  Telecommunication services
 
2,270,484

 

 
2,270,484

  Transportation
 
2,851,794

 

 
2,851,794

  Utilities
 
1,485,406

 

 
1,485,406

  Total common stocks
 
106,176,705

 

 
106,176,705

 
 
 
 
 
 
 
Employer common stock
 
31,553,359

 

 
31,553,359

Total investment assets at fair value
$
697,377,300

$
347,941,818

$
1,045,319,118


There were no transfers of investment assets between Level 1 and 2 of the fair value hierarchy during the year ended December 31, 2012 or 2011. There were no Level 3 investments held by the Plan on December 31, 2012 or 2011.

11

Table of Contents



NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


The following table summarizes investments in common collective trust funds as of December 31, 2012 and 2011, respectively.
As of December 31, 2012
 
 
Unfunded
 
Redemption
 
Redemption
 
Name
 Fair Value
 
Commitments
 
Frequency
 
Notice Period
 
NTGI-QM S&P 500 Equity Fund
105,971,805
 
N/A
 
Daily
 
N/A
 
NTGI-QM Aggregate Bond Fund
187,680,215
 
N/A
 
Daily
 
N/A
 
NTGI-QM Russell 2000 Fund
42,492,824
 
N/A
 
Daily
 
N/A
 
NTGI-QM EAFE Index Fund
26,705,284
 
N/A
 
Daily
 
N/A
 
Pyramis Small/Mid Cap Core Fund
31,555,609
 
N/A
 
Daily
 
N/A
 
Pyramis Select Intl. Equity Fund
62,105,711
 
N/A
 
Daily
 
N/A
 
LifePath Index Retirement Non-Lendable Fund F
37,921,625
 
N/A
 
Daily
 
N/A
 
LifePath Index 2015 Non-Lendable Fund F
35,604,201
 
N/A
 
Daily
 
N/A
 
LifePath Index 2020 Non-Lendable Fund F
99,729,417
 
N/A
 
Daily
 
N/A
 
LifePath Index 2025 Non-Lendable Fund F
107,086,588
 
N/A
 
Daily
 
N/A
 
LifePath Index 2030 Non-Lendable Fund F
76,405,878
 
N/A
 
Daily
 
N/A
 
LifePath Index 2035 Non-Lendable Fund F
57,162,273
 
N/A
 
Daily
 
N/A
 
LifePath Index 2040 Non-Lendable Fund F
29,656,897
 
N/A
 
Daily
 
N/A
 
LifePath Index 2045 Non-Lendable Fund F
11,770,622
 
N/A
 
Daily
 
N/A
 
LifePath Index 2050 Non-Lendable Fund F
7,135,847
 
N/A
 
Daily
 
N/A
 
 
 
 
 
 
 
 
 
As of December 31, 2011
 
 
Unfunded
 
Redemption
 
Redemption
 
Name
 Fair Value
 
Commitments
 
Frequency
 
Notice Period
 
NTGI-QM S&P 500 Equity Fund
71,259,634
 
N/A
 
Daily
 
N/A
 
NTGI-QM Aggregate Bond Fund
144,170,207
 
N/A
 
Daily
 
N/A
 
NTGI-QM Russell 2000 Fund
26,443,032
 
N/A
 
Daily
 
N/A
 
NTGI-QM EAFE Index Fund
14,444,564
 
N/A
 
Daily
 
N/A
 
Pyramis Aggressive Equity Fund
32,614,509
 
N/A
 
Daily
 
N/A
 
Pyramis Select Intl. Equity Fund
57,804,867
 
N/A
 
Daily
 
N/A


4.
Related Party Transactions
Related party transactions during the year consisted of loans made to participants and investments in NCR Corporation common stock along with investments in funds offered by Pyramis Global Advisors (“Pyramis”), a wholly owned subsidiary of Fidelity Management and Research Company, and by other affiliates of the Plan trustee, Fidelity Management Trust Company. The Plan’s primary investment manager is Fidelity Investments (“Fidelity”). An affiliate of Fidelity serves as the record keeper for the Plan’s participant data. Another affiliate of Fidelity serves as the trustee of the Plan. The cash receipts and cash disbursements from these investments constitute related party transactions. Related party cash receipts and cash disbursements of the Plan for the Fidelity managed funds totaled $28,925,175 and $441,421,211, respectively, for the year ended December 31, 2012. Purchases and sales of investments managed by Pyramis during the year ended December 31, 2012 totaled $81,879,626 and $92,262,428, respectively. The Company also provides certain administrative, accounting and recordkeeping services to the Plan for which it is not compensated. None of these related party transactions are prohibited transactions as defined under ERISA.

12

Table of Contents


NCR Savings Plan
Notes to Financial Statements
December 31, 2012 and 2011


5.
Tax Status
The Company received its latest favorable determination letter, dated January 9, 2004, from the Internal Revenue Service (“IRS”) as to the qualified status of the Plan under Section 401(a) of the Internal Revenue Code (the “Code”). The Plan has been amended since the determination was made and an application for a new determination letter was filed on January 31, 2011. To date, a new letter of determination has not yet been received. However, the Plan Administrator and the Plan’s tax counsel believe this Plan is currently designed and being operated in accordance with applicable sections of the Code and the related Trust is exempt from federal income taxes under Section 501(a) of the Code. Accordingly, income taxes are not provided for in the accompanying financial statements. Participant contributions, except for those contributions which participants elect to be tax-deferred under Section 401(k), are taxable to the participants in the year their contributions are made.
Participants are liable for federal income taxes relative to their Section 401(k) contributions, the Company matching contributions and the earnings of the Plan when the contributions are distributed to them.
Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2012, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2009.

6.
Plan Mergers

Effective March 2012, the First Level Technology, LLC 401(k) Plan merged into the Plan. The total amount of assets transferred as of the merger date was $2,437,082. Effective May 2012, the Radiant Systems, Inc. 401(k) Plan merged into the Plan, upon which $50,148,334 in assets were transferred to the Plan. Simultaneously, the Texas Digital Systems, Inc 401(k) Plan merged into the Plan, and as a result, assets in the amount of $2,283,882 were also transferred to the Plan on the merger date. Effective December 2012, the InfoAmerica/USA Inc. 401(k) Plan merged into the Plan. The total amount of assets transferred as of the merger date was $112,900. Additionally, participant loans transferred into the Plan during the year as a result of these mergers totaled $1,111,982. The employer contributions subject to vesting schedules continued to vest in accordance with the terms in effect prior to the mergers.

7.
Subsequent Events
The Company has evaluated subsequent events through the date that the NCR Savings Plan Financial Statements were issued. Except as described below, no matters were identified that require adjustment or additional disclosure.
 
In March 2012, contributions to the NCR Unitized Stock Fund were discontinued. Participants were provided an election period, during which participants were permitted to elect to reallocate any balance in the NCR Unitized Stock Fund into the remaining investment options in the Plan. Subsequently, on March 14, 2013, the NCR Unitized Stock Fund was liquidated. If no elections were made by the participant within the election period, the proceeds from the liquidation were reinvested into the default investment options within the Plan.








13

Table of Contents







NCR Savings Plan


Supplemental Schedule











14

Table of Contents






NCR Savings Plan
Schedule H, Line 4i-Schedule of Assets (Held at End of Year)**
Year Ended December 31, 2012


(a)
(b) Identity of Issue, Borrower, Lender, or Similar Party
(c) Description of Investment including Maturity Date, Rate of Interest, Collateral, Par or Maturity Value
 
 (d) Cost***
 
 (e) Current Value
 
NTGI-QM S&P 500 Equity Fund
Common Collective Trust Fund
 
 
$
105,971,805

 
NTGI-QM Aggregate Bond Fund
Common Collective Trust Fund
 
 
 
187,680,215

 
NTGI-QM Russell 2000 Fund
Common Collective Trust Fund
 
 
 
42,492,824

 
NTGI-QM EAFE Index Fund
Common Collective Trust Fund
 
 
 
26,705,284

*
Pyramis Small/Mid Cap Core Fund
Common Collective Trust Fund
 
 
 
31,555,609

*
Pyramis Select Intl. Equity Fund
Common Collective Trust Fund
 
 
 
62,105,711

 
LifePath Index Retirement Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
37,921,625

 
LifePath Index 2015 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
35,604,201

 
LifePath Index 2020 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
99,729,417

 
LifePath Index 2025 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
107,086,588

 
LifePath Index 2030 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
76,405,878

 
LifePath Index 2035 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
57,162,273

 
LifePath Index 2040 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
29,656,897

 
LifePath Index 2045 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
11,770,622

 
LifePath Index 2050 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
7,135,847

 
 
 
 
 
 
918,984,796

 
 
 
 
 
 
 
*
NCR CORPORATION
COMMON STOCKS
 
 
$
33,006,970

 
AAR CORP
COMMON STOCKS
 
 
 
207,348

 
ACACIA RESEARCH - ACACIA TECH
COMMON STOCKS
 
 
 
689,036

 
ACCENTURE PLC CL A
COMMON STOCKS
 
 
 
237,405

 
ACCRETIVE HEALTH INC
COMMON STOCKS
 
 
 
297,786

 
ACE LTD
COMMON STOCKS
 
 
 
612

 
ACME PACKET INC
COMMON STOCKS
 
 
 
543,157

 
ADVANCED INFO SERVICE NVDR
COMMON STOCKS
 
 
 
129,046

 
AFLAC INC
COMMON STOCKS
 
 
 
891,088

 
AIA GROUP LTD
COMMON STOCKS
 
 
 
241,973

 
AIRCASTLE LTD
COMMON STOCKS
 
 
 
371,184

 
ALIGN TECHNOLOGY INC
COMMON STOCKS
 
 
 
538,655

 
ALLIANT TECHSYSTEMS INC
COMMON STOCKS
 
 
 
204,468

 
ALLIANZ SE (REGD)
COMMON STOCKS
 
 
 
366,517

 
AMARIN CORP PLC ADR
COMMON STOCKS
 
 
 
369,470

 
AMAZON.COM INC
COMMON STOCKS
 
 
 
791,091

 
AMERICAN EQY INVT LIFE HLD CO
COMMON STOCKS
 
 
 
207,570

 
AMERICAN FINL GROUP INC OHIO
COMMON STOCKS
 
 
 
331,968

 
AMERICAN GREETINGS CORP CL A
COMMON STOCKS
 
 
 
153,699

 
AMERICAN PUBLIC EDUCATION INC
COMMON STOCKS
 
 
 
784,598

 
AMERICAN STATES WATER CO
COMMON STOCKS
 
 
 
23,990


15

Table of Contents






 
AMERICAN VANGUARD CORP
COMMON STOCKS
 
 
 
398,783

 
AMKOR TECHNOLOGY INC
COMMON STOCKS
 
 
 
164,050

 
AMPCO-PITTSBURG CORP
COMMON STOCKS
 
 
 
177,822

 
ANHEUSER BUSCH INBEV NV
COMMON STOCKS
 
 
 
245,742

 
ANRITSU CORP
COMMON STOCKS
 
 
 
247,244

 
ANWORTH MTG ASSET CORP
COMMON STOCKS
 
 
 
177,307

 
APPLE INC
COMMON STOCKS
 
 
 
1,617,746

 
ARIAD PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
249,724

 
ARUBA NETWORKS INC
COMMON STOCKS
 
 
 
205,944

 
ASHFORD HOSPITALITY TR INC
COMMON STOCKS
 
 
 
270,810

 
ASPEN INSURANCE HLDGS LTD
COMMON STOCKS
 
 
 
121,904

 
ASSOCIATED BANC CORP
COMMON STOCKS
 
 
 
169,248

 
ASTRA INTL TBK(UBS)(CWT)7/13
COMMON STOCKS
 
 
 
226,136

 
ASTRO MALAYSIA HOLDINGS BHD
COMMON STOCKS
 
 
 
40,273

 
AVAGO TECHNOLOGIES LTD
COMMON STOCKS
 
 
 
204,524

 
AVISTA CORP
COMMON STOCKS
 
 
 
118,139

 
AXA SA
COMMON STOCKS
 
 
 
400,674

 
BANCO LATINOAMERICANO COME-E
COMMON STOCKS
 
 
 
355,740

 
BANK MANDIRI (PERSERO) PT
COMMON STOCKS
 
 
 
607

 
BASF SE
COMMON STOCKS
 
 
 
232,250

 
BAYER AG
COMMON STOCKS
 
 
 
1,647

 
BENCHMARK ELECTRONICS INC
COMMON STOCKS
 
 
 
237,666

 
BERKSHIRE HILLS BANCORP INC
COMMON STOCKS
 
 
 
116,914

 
BIG LOTS INC
COMMON STOCKS
 
 
 
150,838

 
BLACK BOX CORPORATION
COMMON STOCKS
 
 
 
158,730

 
BLACKROCK INC
COMMON STOCKS
 
 
 
744,156

 
BLACKROCK KELSO CAPITAL CORP
COMMON STOCKS
 
 
 
216,720

 
BOB EVANS FARMS INC
COMMON STOCKS
 
 
 
201,000

 
BOISE INC
COMMON STOCKS
 
 
 
205,905

 
BOULDER BRANDS INC
COMMON STOCKS
 
 
 
191,952

 
BRANDYWINE REALTY TRUST
COMMON STOCKS
 
 
 
370,576

 
BROADSOFT INC
COMMON STOCKS
 
 
 
669,816

 
BUMI RESOURCES TBK PT
COMMON STOCKS
 
 
 
754

 
C T S CORP
COMMON STOCKS
 
 
 
43,726

 
CACI INTERNATIONAL INC CL A
COMMON STOCKS
 
 
 
203,611

 
CALAMOS ASSET MGMT INC CL A
COMMON STOCKS
 
 
 
117,327

 
CAMBREX CORP
COMMON STOCKS
 
 
 
62,590

 
CAPLEASE INC
COMMON STOCKS
 
 
 
190,801

 
CAPSTEAD MORTGAGE CORP
COMMON STOCKS
 
 
 
164,780

 
CARRIZO OIL & GAS INC
COMMON STOCKS
 
 
 
535,343

 
CATO CORP CL A
COMMON STOCKS
 
 
 
106,977

 
CAVIUM INC
COMMON STOCKS
 
 
 
539,777

 
CBL & ASSOCIATES PPTYS INC
COMMON STOCKS
 
 
 
246,445

 
CEC ENTERTAINMENT INC
COMMON STOCKS
 
 
 
205,778

 
CELADON GRP INC
COMMON STOCKS
 
 
 
218,358


16

Table of Contents






 
CELGENE CORP
COMMON STOCKS
 
 
 
736,032

 
CHEMICAL FINANCIAL CORP
COMMON STOCKS
 
 
 
133,056

 
CHEVRON CORP
COMMON STOCKS
 
 
 
1,077,074

 
CHINA COMMS CONSTRUCTION CO H
COMMON STOCKS
 
 
 
200,731

 
CHINA RAILWAY CONS CORP LTD H
COMMON STOCKS
 
 
 
204,597

 
CITIGROUP INC
COMMON STOCKS
 
 
 
989,000

 
COGENT COMMUNICATIONS GROUP
COMMON STOCKS
 
 
 
373,786

 
COGNIZANT TECH SOLUTIONS CL A
COMMON STOCKS
 
 
 
877,493

 
COLGATE-PALMOLIVE CO
COMMON STOCKS
 
 
 
791,891

 
COMMERZBANK AG
COMMON STOCKS
 
 
 
214,190

 
COMMONWEALTH REIT
COMMON STOCKS
 
 
 
172,656

 
COMMUNITY TRUST BANCORP INC
COMMON STOCKS
 
 
 
145,618

 
COMMVAULT SYSTEMS INC
COMMON STOCKS
 
 
 
193,097

 
COMPASS GROUP PLC
COMMON STOCKS
 
 
 
196,845

 
COMSTOCK RESOURCES INC NEW
COMMON STOCKS
 
 
 
740,901

 
COMTECH TELECOMMUNICATIONS NEW
COMMON STOCKS
 
 
 
106,596

 
CONSOLIDATED GRAPHICS INC
COMMON STOCKS
 
 
 
157,140

 
CONSTANT CONTACT INC
COMMON STOCKS
 
 
 
668,211

 
CONVERGYS CORP
COMMON STOCKS
 
 
 
360,474

 
COOPER TIRE & RUBBER COMPANY
COMMON STOCKS
 
 
 
210,488

 
COPA HOLDINGS SA CL A
COMMON STOCKS
 
 
 
282,438

 
CREDICORP LTD (USA)
COMMON STOCKS
 
 
 
252,083

 
CSG SYSTEMS INTL INC
COMMON STOCKS
 
 
 
281,790

 
CSL LIMITED
COMMON STOCKS
 
 
 
132,095

 
CSS INDUSTRIES INC
COMMON STOCKS
 
 
 
203,577

 
CUBIST PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
232,802

 
CURTISS WRIGHT CORPORATION
COMMON STOCKS
 
 
 
157,584

 
DAIKIN INDUSTRIES LTD
COMMON STOCKS
 
 
 
207,147

 
DELUXE CORP
COMMON STOCKS
 
 
 
348,192

 
DEUTSCHE BANK AG (GERW)
COMMON STOCKS
 
 
 
391,649

 
DIAGEO PLC
COMMON STOCKS
 
 
 
298,301

 
DILLARDS INC CL A
COMMON STOCKS
 
 
 
159,163

 
DOLE FOOD CO INC
COMMON STOCKS
 
 
 
94,054

 
DOLLARAMA INC
COMMON STOCKS
 
 
 
211,052

 
DYNEX CAP INC
COMMON STOCKS
 
 
 
132,328

 
EAST WEST BANCORP INC
COMMON STOCKS
 
 
 
148,281

 
EBAY INC
COMMON STOCKS
 
 
 
661,984

 
EMC CORP
COMMON STOCKS
 
 
 
766,590

 
EMERGENT BIOSOL
COMMON STOCKS
 
 
 
264,323

 
EMERSON ELECTRIC CO
COMMON STOCKS
 
 
 
495,176

 
ENCORE CAP GROUP INC
COMMON STOCKS
 
 
 
647,460

 
ENDO HEALTH SOLUTIONS INC
COMMON STOCKS
 
 
 
131,350

 
ENNIS INC
COMMON STOCKS
 
 
 
222,768

 
ENTEGRIS INC
COMMON STOCKS
 
 
 
117,504

 
EXACTTARGET INC
COMMON STOCKS
 
 
 
190,900


17

Table of Contents






 
EXPERIAN PLC
COMMON STOCKS
 
 
 
90,805

 
FACEBOOK INC A
COMMON STOCKS
 
 
 
421,420

 
FANUC CORPORATION
COMMON STOCKS
 
 
 
289,421

 
FEDERAL MOGUL CORP CL A
COMMON STOCKS
 
 
 
67,368

 
FIFTH THIRD BANCORP
COMMON STOCKS
 
 
 
726,275

 
FINANCIAL ENGINES INC
COMMON STOCKS
 
 
 
188,284

 
FINISAR CORP
COMMON STOCKS
 
 
 
132,030

 
FIRST FINANCIAL HOLDINGS INC
COMMON STOCKS
 
 
 
36,624

 
FIRST SOURCE CORP
COMMON STOCKS
 
 
 
159,048

 
FIVE STAR QUALITY CARE INC
COMMON STOCKS
 
 
 
124,749

 
FLUSHING FINANCIAL CORP
COMMON STOCKS
 
 
 
200,954

 
FNB CORP PA
COMMON STOCKS
 
 
 
98,766

 
FORD MOTOR CO
COMMON STOCKS
 
 
 
1,258,416

 
FRANCESCA'S HOLDINGS CORP
COMMON STOCKS
 
 
 
413,673

 
FRESH DEL MONTE PRODUCE INC
COMMON STOCKS
 
 
 
310,930

 
FTI CONSULTING INC
COMMON STOCKS
 
 
 
311,520

 
FUJI HEAVY INDUSTRIES LTD
COMMON STOCKS
 
 
 
285,658

 
GALAXY ENT GROUP LTD
COMMON STOCKS
 
 
 
395,486

 
GAMESA CORPORACION TECNOLOG SA
COMMON STOCKS
 
 
 
18

 
GENCO SHIPPING & TRADING LTD
COMMON STOCKS
 
 
 
13,960

 
GENERAL ELECTRIC CO
COMMON STOCKS
 
 
 
734,946

 
GENERAL MOTORS CO
COMMON STOCKS
 
 
 
593,898

 
GENWORTH FINANCIAL INC A
COMMON STOCKS
 
 
 
240,320

 
GFI GROUP INC
COMMON STOCKS
 
 
 
65,124

 
GLATFELTER
COMMON STOCKS
 
 
 
267,444

 
GLAXOSMITHKLINE PLC SPONS ADR
COMMON STOCKS
 
 
 
863,359

 
GLOBE SPECIALTY METALS INC
COMMON STOCKS
 
 
 
471,969

 
GOODRICH PETRO CORP
COMMON STOCKS
 
 
 
635,596

 
GREATBATCH INC
COMMON STOCKS
 
 
 
97,608

 
GROUPON INC CLASS A
COMMON STOCKS
 
 
 
250,832

 
GRUPO FIN SATAR MEXIC B SP ADR
COMMON STOCKS
 
 
 
215,194

 
GRUPO TELEVISA (CPO) SPON ADR
COMMON STOCKS
 
 
 
301,949

 
GT ADVANCED TECHNOLOGIES INC
COMMON STOCKS
 
 
 
64,628

 
HAIN CELESTIAL GROUP INC
COMMON STOCKS
 
 
 
21,959

 
HALCON RESOURCES CORP
COMMON STOCKS
 
 
 
40,551

 
HALLIBURTON CO
COMMON STOCKS
 
 
 
648,703

 
HARTFORD FINL SVCS GROUP INC
COMMON STOCKS
 
 
 
619,850

 
HAWAIIAN HLDGS INC
COMMON STOCKS
 
 
 
245,061

 
HAYNES INTL INC
COMMON STOCKS
 
 
 
337,414

 
HELIX ENERGY SOL GRP INC
COMMON STOCKS
 
 
 
299,280

 
HILL-ROM HOLDINGS INC
COMMON STOCKS
 
 
 
102,600

 
HI-TECH PHARMACAL INC
COMMON STOCKS
 
 
 
150,414

 
HON HAI PRECISI(CITI) CWT 1/17
COMMON STOCKS
 
 
 
103,994

 
HORACE MANN EDUCATORS CORP
COMMON STOCKS
 
 
 
315,368

 
HORSEHEAD HOLDING CORP
COMMON STOCKS
 
 
 
453,589


18

Table of Contents






 
HOSPITALITY PROPERTY TR REIT
COMMON STOCKS
 
 
 
269,330

 
HUNTINGTON BANCSHARES INC
COMMON STOCKS
 
 
 
146,604

 
HYSTER-YALE MATRS
COMMON STOCKS
 
 
 
302,560

 
ICICI BK (HSBC) CWT 11/2/22
COMMON STOCKS
 
 
 
59,687

 
ICICI BNK (UBSAG)(CWT) 1/20/15
COMMON STOCKS
 
 
 
355,157

 
IMATION CORP
COMMON STOCKS
 
 
 
44,365

 
INDEPENDENT BANK CORP
COMMON STOCKS
 
 
 
7,245

 
INDUSTRIAL & COM BK OF CHINA H
COMMON STOCKS
 
 
 
275,325

 
INGLES MARKETS INC-CL A
COMMON STOCKS
 
 
 
191,586

 
INGREDION INC
COMMON STOCKS
 
 
 
252,291

 
INNERWORKINGS INC
COMMON STOCKS
 
 
 
219,929

 
INNOSPEC INC
COMMON STOCKS
 
 
 
106,919

 
INPHI CORP
COMMON STOCKS
 
 
 
478,473

 
INSULET CORP
COMMON STOCKS
 
 
 
232,041

 
INTERCONTINENTAL HOTELS GP PLC
COMMON STOCKS
 
 
 
211,880

 
INTERNAP NETWORK SERVICES CORP
COMMON STOCKS
 
 
 
213,613

 
INTERNATIONAL BANCSHARES CORP
COMMON STOCKS
 
 
 
175,085

 
INTERXION HOLDING NV
COMMON STOCKS
 
 
 
79,596

 
INVACARE CORP
COMMON STOCKS
 
 
 
81,500

 
INVESCO LTD
COMMON STOCKS
 
 
 
332,908

 
IPG PHOTONICS CORP
COMMON STOCKS
 
 
 
609,514

 
ISUZU MOTORS LTD
COMMON STOCKS
 
 
 
418,780

 
ITAU UNIBANCO HLDG SA SPON ADR
COMMON STOCKS
 
 
 
235,584

 
ITC LTD (UBS) (CWT) 05/02/13
COMMON STOCKS
 
 
 
80,502

 
ITT CORP
COMMON STOCKS
 
 
 
147,798

 
JAPAN TOBACCO INC
COMMON STOCKS
 
 
 
115,473

 
JAZZ PHARMA PLC
COMMON STOCKS
 
 
 
207,480

 
JOHNSON & JOHNSON
COMMON STOCKS
 
 
 
1,046,243

 
JOURNAL COMMUNICATIONS INC A
COMMON STOCKS
 
 
 
259,139

 
JPMORGAN CHASE & CO
COMMON STOCKS
 
 
 
1,246,550

 
KABEL DEUTSCHLAND HOLDING AG
COMMON STOCKS
 
 
 
248,426

 
KADANT INC
COMMON STOCKS
 
 
 
153,758

 
KASIKORNBANK PCL NVDR
COMMON STOCKS
 
 
 
231,998

 
KINDRED HEALTHCARE INC
COMMON STOCKS
 
 
 
139,578

 
KNIGHT CAP GROUP INC CL A
COMMON STOCKS
 
 
 
82,836

 
KRONOS WORLDWIDE INC
COMMON STOCKS
 
 
 
191,100

 
KROTON EDUCACIONAL SA
COMMON STOCKS
 
 
 
101,648

 
KUBOTA CORP
COMMON STOCKS
 
 
 
324,361

 
KUNLUN ENERGY COMPANY LTD
COMMON STOCKS
 
 
 
187,876

 
L&T LTD (HSBC) CWT 11/2/22
COMMON STOCKS
 
 
 
131,818

 
LARSEN&TOUBRO(UBS)P-NOTE 02/15
COMMON STOCKS
 
 
 
85,974

 
LENDER PROCESSING SVCS INC
COMMON STOCKS
 
 
 
142,796

 
LENDER PROCESSING SVCS INC
COMMON STOCKS
 
 
 
575,123

 
LEXMARK INTERNATIONAL INC CL A
COMMON STOCKS
 
 
 
194,796

 
LIFE TIME FITNESS INC
COMMON STOCKS
 
 
 
334,628


19

Table of Contents






 
LLOYDS BANKING GROUP PLC
COMMON STOCKS
 
 
 
335,835

 
LOWES COS INC
COMMON STOCKS
 
 
 
873,792

 
LUNDIN PETROLEUM AB
COMMON STOCKS
 
 
 
194,624

 
LYONDELLBASELL INDS CLASS A
COMMON STOCKS
 
 
 
710,770

 
M/I HOMES INC
COMMON STOCKS
 
 
 
343,440

 
MAGELLAN HLTH SERVICES INC
COMMON STOCKS
 
 
 
122,500

 
MAGNIT OJSC GDR REGS
COMMON STOCKS
 
 
 
287,597

 
MAIDEN HLDGS LTD
COMMON STOCKS
 
 
 
126,822

 
MAINSOURCE FINACIAL GROUP INC
COMMON STOCKS
 
 
 
215,390

 
MANITOWOC CO INC
COMMON STOCKS
 
 
 
411,443

 
MARVELL TECHNOLOGY GROUP LTD
COMMON STOCKS
 
 
 
679,536

 
MASTEC INC
COMMON STOCKS
 
 
 
420,694

 
MATERION CORP
COMMON STOCKS
 
 
 
78,449

 
MCDONALDS CORP
COMMON STOCKS
 
 
 
1,076,162

 
MEDIDATA SOLUTIONS INC
COMMON STOCKS
 
 
 
195,558

 
MEDIFAST INC
COMMON STOCKS
 
 
 
406,802

 
MEDTRONIC INC
COMMON STOCKS
 
 
 
767,074

 
METLIFE INC
COMMON STOCKS
 
 
 
843,264

 
MFA FINANCIAL INC
COMMON STOCKS
 
 
 
356,499

 
MICROSOFT CORP
COMMON STOCKS
 
 
 
815,933

 
MITSUBISHI UFJ FINL GRP INC
COMMON STOCKS
 
 
 
360,244

 
MOBILE MINI INC
COMMON STOCKS
 
 
 
321,324

 
MONTPELIER RE HOLDINGS LTD
COMMON STOCKS
 
 
 
326,245

 
MYRIAD GENETICS INC
COMMON STOCKS
 
 
 
181,076

 
NACCO INDUSTRIES INC CL A
COMMON STOCKS
 
 
 
188,139

 
NASH-FINCH CO
COMMON STOCKS
 
 
 
112,784

 
NATIONAL AUSTRALIA BANK LTD
COMMON STOCKS
 
 
 
180,535

 
NATIONSTAR MORTGAGE HLDGS INC
COMMON STOCKS
 
 
 
649,496

 
NEENAH PAPER INC
COMMON STOCKS
 
 
 
316,017

 
NELNET INC CL A
COMMON STOCKS
 
 
 
372,375

 
NEWS CORP LTD CL B
COMMON STOCKS
 
 
 
396,224

 
NIELSEN HOLDINGS BV
COMMON STOCKS
 
 
 
100,947

 
NN INC
COMMON STOCKS
 
 
 
120,912

 
NORFOLK SOUTHERN CORP
COMMON STOCKS
 
 
 
576,658

 
NOVARTIS AG (REG)
COMMON STOCKS
 
 
 
318,765

 
NOVO-NORDISK AS CL B
COMMON STOCKS
 
 
 
104,098

 
OLD NATIONAL BANCORP (IND)
COMMON STOCKS
 
 
 
170,928

 
OM GROUP INC
COMMON STOCKS
 
 
 
270,840

 
OMEGA PROTEIN CORP
COMMON STOCKS
 
 
 
64,872

 
ORASURE TECHNOLOGIES INC
COMMON STOCKS
 
 
 
245,089

 
ORBITAL SCIENCES CORP
COMMON STOCKS
 
 
 
108,783

 
ORIENTAL FINANCIAL GROUP INC
COMMON STOCKS
 
 
 
256,016

 
ORIX CORP
COMMON STOCKS
 
 
 
361,271

 
OVERSEA-CHINESE BKG CORP LTD
COMMON STOCKS
 
 
 
103,549

 
PACCAR INC
COMMON STOCKS
 
 
 
428,365


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PANDORA MEDIA INC
COMMON STOCKS
 
 
 
251,670

 
PAREXEL INTERNATIONAL CORP
COMMON STOCKS
 
 
 
175,321

 
PARKER DRILLING CO
COMMON STOCKS
 
 
 
155,020

 
PARKER HANNIFIN CORP
COMMON STOCKS
 
 
 
544,384

 
PDL BIOPHARMA INC
COMMON STOCKS
 
 
 
158,625

 
PENNSYLVANIA RE INVSTMENT TR
COMMON STOCKS
 
 
 
123,480

 
PEPSICO INC
COMMON STOCKS
 
 
 
3,548

 
PFIZER INC
COMMON STOCKS
 
 
 
870,276

 
PHARMERICA CORP
COMMON STOCKS
 
 
 
232,112

 
PHH CORP
COMMON STOCKS
 
 
 
127,400

 
PHH CORP
COMMON STOCKS
 
 
 
290,631

 
PHILIPS ELEC (KON) NV
COMMON STOCKS
 
 
 
249,684

 
PHILLIPS 66
COMMON STOCKS
 
 
 
667,733

 
POLYPORE INTERNATIONAL INC
COMMON STOCKS
 
 
 
618,450

 
POPULAR INC
COMMON STOCKS
 
 
 
297,297

 
PORTLAND GENERAL ELECTRIC CO
COMMON STOCKS
 
 
 
315,333

 
POWER INTEGRATIONS INC
COMMON STOCKS
 
 
 
196,282

 
PRADA SPA
COMMON STOCKS
 
 
 
246,155

 
PROTECTIVE LIFE CORP
COMMON STOCKS
 
 
 
208,634

 
PRUDENTIAL PLC
COMMON STOCKS
 
 
 
262,437

 
PULSE ELECTRONICS CORP
COMMON STOCKS
 
 
 
3,540

 
QLIK TECHNOLOGIES INC
COMMON STOCKS
 
 
 
317,438

 
QUALCOMM INC
COMMON STOCKS
 
 
 
781,452

 
QUESTCOR PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
96,192

 
QUICKSILVER RES INC
COMMON STOCKS
 
 
 
454,620

 
RADIOSHACK CORP
COMMON STOCKS
 
 
 
27,136

 
REALOGY HOLDINGS CORP
COMMON STOCKS
 
 
 
331,484

 
RENT A CTR INC
COMMON STOCKS
 
 
 
162,479

 
REPUBLIC BANCORP INC KY CL A
COMMON STOCKS
 
 
 
140,547

 
RIO TINTO LTD
COMMON STOCKS
 
 
 
445,357

 
ROCK TENN COMPANY CL A
COMMON STOCKS
 
 
 
132,829

 
ROYAL DUTCH SHELL PLC CL A(NL)
COMMON STOCKS
 
 
 
268,124

 
RYDER SYSTEM INC
COMMON STOCKS
 
 
 
64,909

 
SAMSUNG ELECTRONICS CO LTD
COMMON STOCKS
 
 
 
404,631

 
SAP AG
COMMON STOCKS
 
 
 
362,650

 
SBERBANK-SPONSORED ADR
COMMON STOCKS
 
 
 
68,425

 
SCHLUMBERGER LTD
COMMON STOCKS
 
 
 
329,719

 
SCHOLASTIC CORP
COMMON STOCKS
 
 
 
218,744

 
SCICLONE PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
90,510

 
SCORPIO TANKERS INC
COMMON STOCKS
 
 
 
510,334

 
SELECT MEDICAL HLDGS CORP
COMMON STOCKS
 
 
 
136,735

 
SINCLAIR BROADCAST GROUP CL A
COMMON STOCKS
 
 
 
210,754

 
SKILLED HEALTHCARE GROUP CL A
COMMON STOCKS
 
 
 
128,935

 
SKYWEST INC
COMMON STOCKS
 
 
 
230,510

 
SODASTREAM INTERNATIONAL LTD
COMMON STOCKS
 
 
 
661,679


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SOURCEFIRE INC
COMMON STOCKS
 
 
 
231,614

 
SOUTHERN COPPER CORP
COMMON STOCKS
 
 
 
310,452

 
SOUTHSIDE BANCSHARES INC
COMMON STOCKS
 
 
 
116,209

 
SOUTHWESTERN ENERGY CO
COMMON STOCKS
 
 
 
571,311

 
SPECTRANETICS CORP
COMMON STOCKS
 
 
 
199,912

 
STAGE STORES INC
COMMON STOCKS
 
 
 
257,712

 
STANCORP FINL GROUP INC
COMMON STOCKS
 
 
 
286,026

 
STANDARD CHARTERED PLC (UK)
COMMON STOCKS
 
 
 
108,326

 
STANDARD MOTOR PRODUCTS INC
COMMON STOCKS
 
 
 
175,538

 
STANLEY BLACK & DECKER INC
COMMON STOCKS
 
 
 
586,212

 
STEELCASE INC CLASS A
COMMON STOCKS
 
 
 
219,128

 
STEVEN MADDEN LTD
COMMON STOCKS
 
 
 
194,865

 
SUBSEA 7 SA
COMMON STOCKS
 
 
 
207,405

 
SUNCOR ENERGY INC
COMMON STOCKS
 
 
 
213,748

 
SUSQUEHANNA BANCSHARES INC PA
COMMON STOCKS
 
 
 
242,088

 
SWATCH GROUP AG (BR)
COMMON STOCKS
 
 
 
1,107

 
SYNGENTA AG (SWIT)
COMMON STOCKS
 
 
 
252,535

 
TAIWAN SEMI MANF(JPM)(CWT)5/16
COMMON STOCKS
 
 
 
300,361

 
TAL INTL GROUP INC
COMMON STOCKS
 
 
 
149,158

 
TECH DATA CORP
COMMON STOCKS
 
 
 
291,392

 
TECHTRONIC INDUSTRIES CO LTD
COMMON STOCKS
 
 
 
215,840

 
TELECOMMUNICATION SYST INC A
COMMON STOCKS
 
 
 
91,884

 
TELEKOMUNIKASI INDO B (DEMAT)
COMMON STOCKS
 
 
 
154,351

 
TENNECO INC
COMMON STOCKS
 
 
 
365,671

 
TESLA MOTORS INC
COMMON STOCKS
 
 
 
559,566

 
TESORO CORP
COMMON STOCKS
 
 
 
339,185

 
TEXAS INSTRUMENTS INC
COMMON STOCKS
 
 
 
618,026

 
THAILAND BG(UBSAG)(CWT)2/17/13
COMMON STOCKS
 
 
 
289,437

 
TOKYU LAND CORP
COMMON STOCKS
 
 
 
223,997

 
TORONTO-DOMINION BANK
COMMON STOCKS
 
 
 
210,491

 
TRANSOCEAN LTD
COMMON STOCKS
 
 
 
186,191

 
TUMI HOLDINGS INC
COMMON STOCKS
 
 
 
184,147

 
TURKIYE GARANTI BANKASI AS
COMMON STOCKS
 
 
 
209,373

 
TUTOR PERINI CORP
COMMON STOCKS
 
 
 
150,700

 
UBS AG (CWT) 2/04/16
COMMON STOCKS
 
 
 
267,937

 
UBSPHILB (UBS) (CWT) 4/20/2013
COMMON STOCKS
 
 
 
248,014

 
UNILEVER PLC ORD
COMMON STOCKS
 
 
 
100,737

 
UNIT CORP
COMMON STOCKS
 
 
 
351,390

 
UNITED CONTINENTAL HLDGS INC
COMMON STOCKS
 
 
 
708,999

 
UNITED ONLINE INC
COMMON STOCKS
 
 
 
183,911

 
UNITED RENTALS INC
COMMON STOCKS
 
 
 
538,274

 
UNITED TECHNOLOGIES CORP
COMMON STOCKS
 
 
 
893,909

 
UNITEDHEALTH GROUP INC
COMMON STOCKS
 
 
 
678,000

 
USA MOBILITY INC
COMMON STOCKS
 
 
 
115,632

 
USANA HEALTH SCIENCES INC
COMMON STOCKS
 
 
 
111,962


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USEC INC
COMMON STOCKS
 
 
 
26,129

 
VAALCO ENERGY INC
COMMON STOCKS
 
 
 
244,795

 
VALE SA ADR
COMMON STOCKS
 
 
 
209,600

 
VALIDUS HOLDING
COMMON STOCKS
 
 
 
283,556

 
VIACOM INC CL B
COMMON STOCKS
 
 
 
783,189

 
VIRGIN MEDIA INC
COMMON STOCKS
 
 
 
279,300

 
VISHAY INTERTECHNOLOGY INC
COMMON STOCKS
 
 
 
285,947

 
VISTAPRINT NV
COMMON STOCKS
 
 
 
251,576

 
VONAGE HOLDINGS CORP
COMMON STOCKS
 
 
 
143,385

 
VOPAK (KON) NV
COMMON STOCKS
 
 
 
257,401

 
W&T OFFSHORE INC
COMMON STOCKS
 
 
 
144,270

 
WABASH NATIONAL CORP
COMMON STOCKS
 
 
 
760,181

 
WALTER ENERGY INC
COMMON STOCKS
 
 
 
336,016

 
WEBSTER FINANCIAL
COMMON STOCKS
 
 
 
131,520

 
WELLS FARGO & CO
COMMON STOCKS
 
 
 
864,754

 
WESTERN REFINING INC
COMMON STOCKS
 
 
 
318,547

 
WISDOMTREE INVESTMENTS INC
COMMON STOCKS
 
 
 
530,420

 
WOLSELEY PLC
COMMON STOCKS
 
 
 
325,288

 
WORTHINGTON INDUSTRIES INC
COMMON STOCKS
 
 
 
106,559

 
 
 
 
 
 
140,358,977

 
 
 
 
 
 
 
 
SSBK STIF
MONEY MARKET
 
 
 
28,541,490

 
JP MORGAN
MONEY MARKET
 
 
 
22,334,442

 
 
 
 
 
 
50,875,932

*
NOTES RECEIVABLE FROM PARTICIPANTS
Notes receivable from participants (1)
 
 
12,996,363

 
 
 
 
 
$
1,123,216,068

(1
)
Interest rates are between 4.25% - 10.50%. The notes are due at various dates through January 18, 2017.
*
Party-in-interest
**
This schedule represents those assets required to be reported under Department of Labor Section 2520.103-11 and Form 5500 Schedule H, Line 4i.
***
Per Department of Labor Section 2520.103-11(d), cost may be omitted as all investments are participant directed.









23

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Signatures

NCR Savings Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, NCR Corporation, the administrator of the NCR Savings Plan, has duly caused this annual report to be signed by the undersigned thereunto duly authorized.

 
 
NCR Savings Plan
 
 
 
 
 
 
By:
 
 /s/ Robert Fishman
 
 
 
 
Robert Fishman
Senior Vice President and
Chief Financial Officer
NCR Corporation
Date:
June 14, 2013
 
 
 
        



24

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Exhibit Index

Exhibit No. 23    Consent of PricewaterhouseCoopers LLP



25