2013 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, 2013.
    

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, 2013 and 2012




 
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 the NCR Savings Plan (the “Plan”) at December 31, 2013 and 2012 and the changes in net assets available for benefits for the year ended December 31, 2013 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) at December 31, 2013 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. This 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 19, 2014




Table of Contents

NCR Savings Plan
Statement of Net Assets Available for Benefits
December 31, 2013 and 2012





 
 
 
 
 
 
 
 December 31,
 
 
 
 
 
 
 
2013
 
2012
 Assets
 
 
 
 Investments, at fair value
$
1,153,099,002

 
$
1,110,219,705

 Contributions receivable:
 
 
 
 
Participants
945,617

 
806,494

 
Employer

 
214,535

 Notes receivable from participants
12,388,043

 
12,996,363

 Due from broker for securities sold
749,227

 
869,303

 
 
 
 Total assets
1,167,181,889

 
1,125,106,400

 Liabilities
 
 
 
 Due to broker for securities purchased
199,693

 
823,133

 Accrued expenses
654,063

 
400,246

 
 
 
 Total liabilities
853,756

 
1,223,379

 Net assets available for benefits
$
1,166,328,133

 
$
1,123,883,021





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, 2013



Additions to net assets attributed to:
 
Investment income
 
 
Net appreciation in fair value of investments
$
167,162,663

 
Dividends
1,863,416

 
Interest
1,390

 
 
Total investment income
169,027,469

Contributions
 
 
Participant
54,363,429

 
Employer, net of forfeitures
9,831,929

 
 
Total contributions
64,195,358

Interest on notes receivable from participants
567,106

 
 
Total additions
233,789,933

Deductions from net assets attributed to:
 
 
Benefits paid to participants
188,310,761

 
Administrative expenses
3,034,060

 
 
Total deductions
191,344,821

 
 
Net increase
42,445,112

Net assets available for benefits
 
 
Beginning of year
1,123,883,021

 
End of year
$
1,166,328,133



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

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



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 and its domestic subsidiaries, except for employees covered by a collective bargaining agreement unless there is an agreement making the Plan available to eligible employees in a collective bargaining unit.
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 of 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.
Contributions and Funding
For 2012, all eligible employees of the Company could defer a portion of their compensation by making tax-deferred contributions, as well as after-tax contributions, to the Plan. For 2013, the after-tax option was replaced with a Roth 401(k) option for US employees, and the after-tax option remained in place for Puerto Rico employees. Participants could elect to contribute up to 50 percent of their eligible compensation. The maximum contribution percentage limits vary based upon the participant’s base salary. Annual tax-deferred contributions per participant for the 2013 Plan year were limited to $17,500.
If compensation in 2012 is less than $115,000 (for the 2013 limits)
If compensation in 2012 is equal to or greater than $115,000 (for the 2013 limits)
Pre-tax maximum: 50%
Pre-tax maximum: up to 13%
Roth after-tax maximum: 50%
Roth after-tax maximum: up to 13%
Total maximum: 50%
Total maximum: up to 13%

In 2012, the Company matched employee contributions by contributing 50 cents for each dollar of employee contributions, up to the first 4% of eligible pay. Effective April 1, 2013 customer engineers, retail technicians, or territory technical specialists who earned less than a prescribed amount of compensation with NCR during the prior calendar year (for 2013, the limit is $115,000 for 2012 compensation) the Company matched 50 cents for each dollar of employee contributions up to the first 7% of eligible pay.

4

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



For 2012 and 2013, for non-unionized Puerto Rico employees, the Company matched 25 cents for each dollar of employee contributions up to the first 6% of eligible pay. For unionized Puerto Rico employees, the Company matched 25 cents for each dollar of employee contributions up to the first 10% of eligible pay.
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 2013 Plan year or up to 60% of their eligible compensation.
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.

The NCR Unitized Stock Fund was liquidated on March 14, 2013 and the cash from the liquidation was reinvested into several of the remaining investments within the Plan.

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.
Participants become immediately and fully vested in their account (i) upon attainment of age 65, (ii) upon termination of employment due to a “reduction in force,” (iii) in the event of death, or (iv) 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 reallocated and used to reduce future Company matching contributions. During 2013, forfeitures used to offset Company matching contributions were $1,426,876. As of December 31, 2013 and 2012 $9,830 and $20,030 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 or Roth 401(k) 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.

5

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



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 (as reported by the Wall Street Journal) in effect on the twentieth business day of the month prior to the month of the transaction. 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, 2013 bear interest at rates ranging from 4.25% to 10.50% and are due at various dates through September 23, 2019. 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 all 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 2012 and $5,000 in 2013 in vested benefits may elect to receive a lump-sum payment, quarterly installment payments, or leave the vested benefits within the Plan until reaching the above noted retirement age, death and/or disability. Terminated participants with vested benefits greater than $1,000 but less than $5,000 have 45 days to elect to receive a lump-sum payment or quarterly installment payments. If no election is made within 45 days, their vested balances will be rolled over to an individual retirement account.
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. 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.
Upon termination of the Plan, the Company may, at its option, continue the Trust in existence or cause the Trust to be liquidated. If the Trust is liquidated, distributions will be made to the various participants, former participants and beneficiaries in a single lump sum promptly after liquidation is effective. If the Trust is not liquidated, distributions will be made to the various participants when they cease employment.
Plan Amendments
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 amendments allow all compensation earned during a Plan year to be taken into account in applying the Section 417 of the Internal Revenue Code (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 and Texas Digital 401(k) Plans and InfoAmerica USA 401(k) Plan to participate in the Plan and recognizes prior service with these companies for purposes of vesting under the Plan.


6

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



In 2013, the Plan was amended to increase the Company match for a certain population of employees. For more information see Contributions and Funding section in Note 1, "Description of the Plan". In addition, the Plan was amended to provide automatic lump sum distributions to participants who terminate with vested account balances of less than $1,000 and automatic rollover distributions to participants who terminate with vested account balances of more than $1,000 but less than $5,000.

2.
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (GAAP).
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. 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 valued at the net asset value ("NAV") comprised of various marketable instruments with maturities averaging ninety days or less. The underlying securities in these funds are quoted in active markets. Investments in mutual funds are valued at the 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 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 gains and losses on those investments.

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Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



Notes Receivable from Participants
Notes receivable from participants are valued at their outstanding balances, plus accrued but unpaid interest.

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

Plan Expenses
All initial and ongoing administrative costs of the Plan are paid by the Company, except for a $50 participant loan application fee and investment advisory fees. 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 $14,921,285 from other defined contribution plans are included as participant contributions in the Statement of Changes in Net Assets Available for Benefits.

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Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    




3.
Investments
The following presents investments that represent five percent or more of the Plan’s net assets:
 
 
 
 
 
 
 
December 31,
 
 
 
 
 
 
 
2013
 
2012
NTGI-QM Aggregate Bond Fund
 
 
 
 
 337,496 and 387,994 shares, respectively
$
159,750,481

 
$
187,680,215

Pyramis Select Intl. Equity Fund
 
 
 
 
420,241 and 462,302 shares, respectively
$
69,293,500

 
$
62,105,711

NTGI-QM S&P 500 Equity Fund
 
 
 
 
 22,517 and 24,161 shares, respectively
$
130,816,623

 
$
105,971,805

LifePath Index 2020 Non-Lendable Fund F
 
 
 
 
5,254,201 and 6,095,930 shares, respectively
$
94,822,041

 
$
99,729,417

LifePath Index 2025 Non-Lendable Fund F
 
 
 
 
6,027,395 and 6,328,995 shares, respectively
$
114,633,212

 
$
107,086,588

LifePath Index 2030 Non-Lendable Fund F
 
 
 
 
4,299,589 and 4,401,260 shares, respectively
$
85,274,173

 
$
76,405,878

LifePath Index 2035 Non-Lendable Fund F
 
 
 
 
3,264,471 and 3,213,169 shares, respectively
$
67,325,803

 
$
57,162,273

* NTGI - QM Russell 2000 Fund
 
 
 
 
46,979 and 38,645 shares, respectively
$
71,905,111

 
$
42,492,824


* Fund did not exceed the 5% threshold in 2012
    








                

9

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



During 2013, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $167,162,663 as follows:
 
 
 
 
 
 
 
 
Year Ended
December 31, 2013
 
 
 
 
 
 
 
 
 
 Common stock
 
$
30,276,962

 Common collective trust funds
 
134,278,743

 Employer common stock fund
 
2,606,958

 
 
 
 
 
 
 
 
$
167,162,663

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 Accounting Standards Codification ("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.
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 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. 

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Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



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.

The following tables set forth by level within the fair value hierarchy the Plan's investment assets at fair value as of December 31, 2013 and 2012.  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.

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Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



 
 Investment Assets at Fair Value as of December 31, 2013
 
 
 Level 1
 
 Level 2
 
 Total
Money market fund
$

$
49,129,502

$
49,129,502

Collective trusts - Equity
 

 
331,844,023

 
331,844,023

Collective trusts - Bonds
 

 
159,750,481

 
159,750,481

Collective trusts - Target Date Funds
 

 
488,818,400

 
488,818,400

Common stocks:
 
 
 
 
 
 
  Automobiles & components
 
3,579,758

 

 
3,579,758

  Banks
 
8,605,876

 

 
8,605,876

  Capital goods
 
10,909,222

 

 
10,909,222

  Commercial & professional services
 
2,099,991

 

 
2,099,991

  Consumer durables & apparel
 
5,156,430

 

 
5,156,430

  Diversified financials
 
6,930,030

 

 
6,930,030

  Energy
 
6,086,067

 

 
6,086,067

  Food & staples retailing
 
2,293,526

 

 
2,293,526

  Food beverage & tobacco
 
6,306,780

 

 
6,306,780

  Health care equipment & services
 
7,511,720

 

 
7,511,720

  Hotels restaurants & leisure
 
4,641,995

 

 
4,641,995

  Household & personal products
 
3,364,514

 

 
3,364,514

  Insurance
 
7,132,989

 

 
7,132,989

  Materials
 
5,078,610

 

 
5,078,610

  Media
 
3,820,183

 

 
3,820,183

  Pharmaceuticals
 
6,743,974

 

 
6,743,974

  Real estate
 
2,398,888

 

 
2,398,888

  Retailling
 
5,399,423

 

 
5,399,423

  Semiconductors
 
2,344,601

 

 
2,344,601

  Software & services
 
9,726,064

 

 
9,726,064

  Technology, hardware & equipment
 
5,820,499

 

 
5,820,499

  Telecommunication services
 
1,676,607

 

 
1,676,607

  Transportation
 
4,339,743

 

 
4,339,743

  Utilities
 
1,589,106

 

 
1,589,106

  Total common stocks
 
123,556,596

 

 
123,556,596

 
 
 
 
 
 
 
Total investment assets at fair value
$
123,556,596

$
1,029,542,406

$
1,153,099,002



12

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



 
 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



There were no transfers of investment assets between Level 1 and 2 of the fair value hierarchy during the year ended December 31, 2013. There were no Level 3 investments held by the Plan on December 31, 2013 or 2012.


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Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



The following table summarizes investments in common collective trust funds as of December 31, 2013 and 2012, respectively.
As of December 31, 2013
 
 
Unfunded
 
Redemption
 
Redemption
 
Name
 Fair Value
 
Commitments
 
Frequency
 
Notice Period
 
NTGI-QM S&P 500 Equity Fund
130,816,623
 
N/A
 
Daily
 
N/A
 
NTGI-QM Aggregate Bond Fund
159,750,481
 
N/A
 
Daily
 
N/A
 
NTGI-QM Russell 2000 Fund
71,905,111
 
N/A
 
Daily
 
N/A
 
NTGI-QM EAFE Index Fund
32,929,303
 
N/A
 
Daily
 
N/A
 
Pyramis Small/Mid Cap Core Fund
26,899,486
 
N/A
 
Daily
 
N/A
 
Pyramis Select Intl. Equity Fund
69,293,500
 
N/A
 
Daily
 
N/A
 
LifePath Index Retirement Non-Lendable Fund F
29,924,091
 
N/A
 
Daily
 
N/A
 
LifePath Index 2015 Non-Lendable Fund F
28,919,098
 
N/A
 
Daily
 
N/A
 
LifePath Index 2020 Non-Lendable Fund F
94,822,041
 
N/A
 
Daily
 
N/A
 
LifePath Index 2025 Non-Lendable Fund F
114,633,212
 
N/A
 
Daily
 
N/A
 
LifePath Index 2030 Non-Lendable Fund F
85,274,173
 
N/A
 
Daily
 
N/A
 
LifePath Index 2035 Non-Lendable Fund F
67,325,803
 
N/A
 
Daily
 
N/A
 
LifePath Index 2040 Non-Lendable Fund F
37,406,285
 
N/A
 
Daily
 
N/A
 
LifePath Index 2045 Non-Lendable Fund F
17,448,080
 
N/A
 
Daily
 
N/A
 
LifePath Index 2050 Non-Lendable Fund F
13,065,617
 
N/A
 
Daily
 
N/A
 
 
 
 
 
 
 
 
 
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







14

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



4.
Related Party Transactions
Related party transactions during the year consisted of loans made to participants and investments in NCR 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. The sales of investments in NCR common stock during the year ended December 31, 2013 totaled $35,615,855. There were no purchases in NCR common stock during the year ended December 31, 2013. Purchases and sales of investments managed by Pyramis during the year ended December 31, 2013 totaled $46,839,457 and $67,260,976 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.
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 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, 2013, 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 2010.

15

Table of Contents

NCR Savings Plan
Notes to Financial Statements
December 31, 2013 and 2012    



6.
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.

Effective January 1, 2014, the Plan was amended to change the percentage of Company match contributions and also limit the annual dollar amount of these contributions for certain Plan participants. Also, the Plan was amended to adjust the timing of when the Company match will be made. Participants should refer to the Plan Document, as amended, for a complete description of the Plan.

Effective January 15, 2014, the Retalix USA Inc. Retirement Savings Plan merged into the Plan. The total amount of assets transferred as of the merger date was $57,823,163. The key provisions of the Plan were not impacted by this merger.






16

Table of Contents




NCR Savings Plan


Supplemental Schedule



17

Table of Contents




NCR Savings Plan
Schedule H, Line 4i-Schedule of Assets (Held at End of Year)**
Year Ended December 31, 2013

(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
 
 
$
130,816,623

 
NTGI-QM Aggregate Bond Fund
Common Collective Trust Fund
 
 
 
159,750,481

 
NTGI-QM Russell 2000 Fund
Common Collective Trust Fund
 
 
 
71,905,111

 
NTGI-QM EAFE Index Fund
Common Collective Trust Fund
 
 
 
32,929,303

*
Pyramis Small/Mid Cap Core Fund
Common Collective Trust Fund
 
 
 
26,899,486

*
Pyramis Select Intl. Equity Fund
Common Collective Trust Fund
 
 
 
69,293,500

 
LifePath Index Retirement Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
29,924,090

 
LifePath Index 2015 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
28,919,098

 
LifePath Index 2020 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
94,822,041

 
LifePath Index 2025 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
114,633,212

 
LifePath Index 2030 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
85,274,173

 
LifePath Index 2035 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
67,325,803

 
LifePath Index 2040 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
37,406,285

 
LifePath Index 2045 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
17,448,081

 
LifePath Index 2050 Non-Lendable Fund F
Common Collective Trust Fund
 
 
 
13,065,617

 
 
 
 
 
 
980,412,904

 
 
 
 
 
 
 
 
AAR CORP
COMMON STOCKS
 
 
 
310,911

 
ABBOTT LABORATORIES
COMMON STOCKS
 
 
 
1,203,562

 
ACCENTURE PLC CL A
COMMON STOCKS
 
 
 
386,434

 
ADECCO SA (UNITARY REGD)
COMMON STOCKS
 
 
 
300,745

 
AIA GROUP LTD
COMMON STOCKS
 
 
 
266,882

 
AIRBUS GROUP NV
COMMON STOCKS
 
 
 
644,166

 
AIRCASTLE LTD
COMMON STOCKS
 
 
 
323,804

 
ALCATEL-LUCENT
COMMON STOCKS
 
 
 
614,132

 
ALLERGAN INC
COMMON STOCKS
 
 
 
1,288,528

 
ALLIANT TECHSYSTEMS INC
COMMON STOCKS
 
 
 
401,544

 
ALLIANZ SE (REGD)
COMMON STOCKS
 
 
 
988

 
ALON USA ENERGY INC
COMMON STOCKS
 
 
 
203,442

 
ALTRIA GROUP INC
COMMON STOCKS
 
 
 
1,074,406

 
AMERICAN EQY INVT LIFE HLD CO
COMMON STOCKS
 
 
 
255,886

 
AMERICAN EXPRESS CO
COMMON STOCKS
 
 
 
689,548

 
AMERICAN FINL GROUP INC OHIO
COMMON STOCKS
 
 
 
253,968

 
AMERICAN RAILCAR INDS INC
COMMON STOCKS
 
 
 
164,700

 
AMERISOURCEBERGEN CORP
COMMON STOCKS
 
 
 
892,937

 
AMKOR TECHNOLOGY INC
COMMON STOCKS
 
 
 
236,618

 
AMPCO-PITTSBURG CORP
COMMON STOCKS
 
 
 
77,800

 
ANHEUSER BUSCH INBEV NV
COMMON STOCKS
 
 
 
193,123

 
ANWORTH MTG ASSET CORP
COMMON STOCKS
 
 
 
128,271

 
ASHFORD HOSPITALITY PRIME INC
COMMON STOCKS
 
 
 
93,075

 
ASHFORD HOSPITALITY TR INC
COMMON STOCKS
 
 
 
214,200

 
ASML HOLDING NV (EURO)
COMMON STOCKS
 
 
 
230,730

 
ASPEN INSURANCE HLDGS LTD
COMMON STOCKS
 
 
 
156,978

 
ASSOCIATED BANC CORP
COMMON STOCKS
 
 
 
224,460

 
AVISTA CORP
COMMON STOCKS
 
 
 
321,366

 
AXA SA
COMMON STOCKS
 
 
 
771,419

 
BANCO LATINOAMERICANO COME-E
COMMON STOCKS
 
 
 
367,062

 
BANK MANDIRI (PERSERO) PT
COMMON STOCKS
 
 
 
481

 
BANKINTER SA
COMMON STOCKS
 
 
 
276,476

 
BAYER AG
COMMON STOCKS
 
 
 
284,152

 
BED BATH & BEYOND INC
COMMON STOCKS
 
 
 
626,340


18

Table of Contents



 
BENCHMARK ELECTRONICS INC
COMMON STOCKS
 
 
 
219,260

 
BERKSHIRE HILLS BANCORP INC
COMMON STOCKS
 
 
 
190,890

 
BIG LOTS INC
COMMON STOCKS
 
 
 
171,137

 
BIO REFERENCE LABS INC
COMMON STOCKS
 
 
 
104,714

 
BIOGEN IDEC INC
COMMON STOCKS
 
 
 
2,278,004

 
BLACK BOX CORPORATION
COMMON STOCKS
 
 
 
194,285

 
BLACKROCK KELSO CAPITAL CORP
COMMON STOCKS
 
 
 
201,390

 
BORGWARNER INC
COMMON STOCKS
 
 
 
1,113,056

 
BRANDYWINE REALTY TRUST
COMMON STOCKS
 
 
 
284,618

 
BRINKER INTERNATIONAL INC
COMMON STOCKS
 
 
 
217,798

 
BRINKS CO
COMMON STOCKS
 
 
 
34,140

 
BRITISH LAND CO PLC
COMMON STOCKS
 
 
 
401

 
CACI INTERNATIONAL INC CL A
COMMON STOCKS
 
 
 
270,914

 
CALAMOS ASSET MGMT INC CL A
COMMON STOCKS
 
 
 
131,424

 
CAPITAL ONE FINANCIAL CORP
COMMON STOCKS
 
 
 
1,109,849

 
CAPSTEAD MORTGAGE CORP
COMMON STOCKS
 
 
 
173,460

 
CATO CORP CL A
COMMON STOCKS
 
 
 
124,215

 
CBL & ASSOCIATES PPTYS INC
COMMON STOCKS
 
 
 
167,486

 
CBS CORP CL B
COMMON STOCKS
 
 
 
1,231,668

 
CEC ENTERTAINMENT INC
COMMON STOCKS
 
 
 
230,256

 
CHEMICAL FINANCIAL CORP
COMMON STOCKS
 
 
 
142,515

 
CHINA LONGYUAN POWER GROUP H
COMMON STOCKS
 
 
 
226,744

 
CIGNA CORP
COMMON STOCKS
 
 
 
1,135,141

 
COCA COLA CO
COMMON STOCKS
 
 
 
1,156,680

 
COGNIZANT TECH SOLUTIONS CL A
COMMON STOCKS
 
 
 
1,145,113

 
COLGATE-PALMOLIVE CO
COMMON STOCKS
 
 
 
1,049,881

 
COLUMBUS MCKINNON CORP NY
COMMON STOCKS
 
 
 
124,844

 
COMMONWEALTH REIT
COMMON STOCKS
 
 
 
254,079

 
COMMUNITY TRUST BANCORP INC
COMMON STOCKS
 
 
 
200,112

 
COMPASS GROUP PLC
COMMON STOCKS
 
 
 
107,046

 
COMTECH TELECOMMUNICATIONS NEW
COMMON STOCKS
 
 
 
132,384

 
CONOCOPHILLIPS
COMMON STOCKS
 
 
 
1,054,946

 
CONSOLIDATED GRAPHICS INC
COMMON STOCKS
 
 
 
303,480

 
CONVERGYS CORP
COMMON STOCKS
 
 
 
388,424

 
COOPER TIRE & RUBBER COMPANY
COMMON STOCKS
 
 
 
144,240

 
COPA HOLDINGS SA CL A
COMMON STOCKS
 
 
 
507,549

 
COSTCO WHOLESALE CORP
COMMON STOCKS
 
 
 
606,951

 
COVIDIEN PLC
COMMON STOCKS
 
 
 
160,716

 
CSG SYSTEMS INTL INC
COMMON STOCKS
 
 
 
455,700

 
CSR CORP LTD H
COMMON STOCKS
 
 
 
169,779

 
CSS INDUSTRIES INC
COMMON STOCKS
 
 
 
266,724

 
CURTISS WRIGHT CORPORATION
COMMON STOCKS
 
 
 
136,906

 
CVS CAREMARK CORP
COMMON STOCKS
 
 
 
1,102,178

 
DAIMLER AG (GERW)
COMMON STOCKS
 
 
 
449,012

 
DELUXE CORP
COMMON STOCKS
 
 
 
224,417

 
DIGITAL GARAGE INC
COMMON STOCKS
 
 
 
210,211

 
DILLARDS INC CL A
COMMON STOCKS
 
 
 
184,813

 
DISCOVER FIN SVCS
COMMON STOCKS
 
 
 
1,086,549

 
DYNEX CAP INC
COMMON STOCKS
 
 
 
215,847

 
EAST WEST BANCORP INC
COMMON STOCKS
 
 
 
199,329

 
EASYJET PLC
COMMON STOCKS
 
 
 
746,783

 
EBAY INC
COMMON STOCKS
 
 
 
1,042,910

 
EMC CORP
COMMON STOCKS
 
 
 
259,045

 
ENERGY XXI (USA)
COMMON STOCKS
 
 
 
178,596

 
ENNIS INC
COMMON STOCKS
 
 
 
254,880

 
ENTEGRIS INC
COMMON STOCKS
 
 
 
90,480

 
EOG RESOURCES INC
COMMON STOCKS
 
 
 
999,487

 
EPL OIL & GAS INC
COMMON STOCKS
 
 
 
168,150


19

Table of Contents



 
ESTEE LAUDER COS INC CL A
COMMON STOCKS
 
 
 
1,197,588

 
FEDERAL AGRI MTG NON VTG CL C
COMMON STOCKS
 
 
 
133,575

 
FIRST SOURCE CORP
COMMON STOCKS
 
 
 
229,968

 
FLEETCOR TECHNOLOGIES INC
COMMON STOCKS
 
 
 
1,046,562

 
FLUSHING FINANCIAL CORP
COMMON STOCKS
 
 
 
215,280

 
FNB CORP PA
COMMON STOCKS
 
 
 
78,244

 
FOOT LOCKER INC
COMMON STOCKS
 
 
 
1,102,304

 
FRANKLIN RESOURCES INC
COMMON STOCKS
 
 
 
462,553

 
FRESH DEL MONTE PRODUCE INC
COMMON STOCKS
 
 
 
271,680

 
FTD COS INC
COMMON STOCKS
 
 
 
126,410

 
FUJI HEAVY INDUSTRIES LTD
COMMON STOCKS
 
 
 
440,898

 
GALAXY ENT GROUP LTD
COMMON STOCKS
 
 
 
717,537

 
GEA GROUP AG
COMMON STOCKS
 
 
 
347,094

 
GENCO SHIPPING & TRADING LTD
COMMON STOCKS
 
 
 
10,000

 
GENERAL ELECTRIC CO
COMMON STOCKS
 
 
 
1,364,475

 
GILEAD SCIENCES INC
COMMON STOCKS
 
 
 
1,390,275

 
GLATFELTER
COMMON STOCKS
 
 
 
147,022

 
GOOGLE INC A
COMMON STOCKS
 
 
 
1,923,138

 
GREATBATCH INC
COMMON STOCKS
 
 
 
145,992

 
GRUPO TELEVISA (CPO) SPON ADR
COMMON STOCKS
 
 
 
238,626

 
HAWAIIAN HLDGS INC
COMMON STOCKS
 
 
 
359,199

 
HAYS PLC
COMMON STOCKS
 
 
 
345,960

 
HELMERICH & PAYNE INC
COMMON STOCKS
 
 
 
1,118,264

 
HILL-ROM HOLDINGS INC
COMMON STOCKS
 
 
 
111,618

 
HI-TECH PHARMACAL INC
COMMON STOCKS
 
 
 
26,034

 
HOME DEPOT INC
COMMON STOCKS
 
 
 
1,046,541

 
HORACE MANN EDUCATORS CORP
COMMON STOCKS
 
 
 
451,022

 
HOSPITALITY PROPERTY TR REIT
COMMON STOCKS
 
 
 
281,112

 
HUNTINGTON BANCSHARES INC
COMMON STOCKS
 
 
 
221,160

 
HURON CONSULTING GROUP INC
COMMON STOCKS
 
 
 
188

 
HYSTER-YALE MATRS
COMMON STOCKS
 
 
 
372,640

 
IMATION CORP
COMMON STOCKS
 
 
 
44,460

 
IMI PLC ORD
COMMON STOCKS
 
 
 
356,424

 
INGERSOLL RAND PLC
COMMON STOCKS
 
 
 
246,400

 
INGLES MARKETS INC-CL A
COMMON STOCKS
 
 
 
300,810

 
INGREDION INC
COMMON STOCKS
 
 
 
268,632

 
INNOSPEC INC
COMMON STOCKS
 
 
 
101,684

 
INTERCONTINENTAL HOTELS GP PLC
COMMON STOCKS
 
 
 
267,841

 
INTERNATIONAL BANCSHARES CORP
COMMON STOCKS
 
 
 
197,925

 
INTUIT INC
COMMON STOCKS
 
 
 
1,087,560

 
INVESCO LTD
COMMON STOCKS
 
 
 
440,440

 
IRIDIUM COMMUNICATIONS INC
COMMON STOCKS
 
 
 
118,940

 
ISUZU MOTORS LTD
COMMON STOCKS
 
 
 
204,938

 
ITAU UNIBANCO HLDG SA SPON ADR
COMMON STOCKS
 
 
 
44

 
JAZZ PHARMA PLC
COMMON STOCKS
 
 
 
382,211

 
JOHNSON CONTROLS INC
COMMON STOCKS
 
 
 
733,102

 
JOURNAL COMMUNICATIONS INC A
COMMON STOCKS
 
 
 
94,962

 
JUNIPER NETWORKS INC
COMMON STOCKS
 
 
 
771,894

 
KADANT INC
COMMON STOCKS
 
 
 
182,340

 
KANAMOTO CO LTD
COMMON STOCKS
 
 
 
215,749

 
KINDRED HEALTHCARE INC
COMMON STOCKS
 
 
 
329,658

 
KOITO MANUFACTURING CO LTD
COMMON STOCKS
 
 
 
242,037

 
KROTON EDUCACIONAL SA
COMMON STOCKS
 
 
 
437,655

 
KUBOTA CORP
COMMON STOCKS
 
 
 
305,493

 
LAND SECURITIES GROUP PLC
COMMON STOCKS
 
 
 
1,263

 
LEXMARK INTERNATIONAL INC CL A
COMMON STOCKS
 
 
 
298,368

 
LIBERTY GLOBAL PLC CL A
COMMON STOCKS
 
 
 
97,889

 
LIBERTY GLOBAL PLC CL C
COMMON STOCKS
 
 
 
770,685


20

Table of Contents



 
LINCOLN NATIONAL CORP
COMMON STOCKS
 
 
 
1,151,539

 
LLOYDS BANKING GROUP PLC
COMMON STOCKS
 
 
 
481,154

 
LYONDELLBASELL INDS CLASS A
COMMON STOCKS
 
 
 
1,098,792

 
MAGELLAN HLTH SERVICES INC
COMMON STOCKS
 
 
 
149,775

 
MAIDEN HLDGS LTD
COMMON STOCKS
 
 
 
152,352

 
MAINSOURCE FINACIAL GROUP INC
COMMON STOCKS
 
 
 
306,510

 
MCDERMOTT INTL INC
COMMON STOCKS
 
 
 
158,468

 
MCKESSON CORP
COMMON STOCKS
 
 
 
620,498

 
MELCO CROWN ENTERTNMT LTD ADR
COMMON STOCKS
 
 
 
576,534

 
MFA FINANCIAL INC
COMMON STOCKS
 
 
 
229,416

 
MICHAEL KORS HOLDINGS LTD
COMMON STOCKS
 
 
 
1,638,252

 
MICROCHIP TECHNOLOGY
COMMON STOCKS
 
 
 
1,189,231

 
MITSUBISHI UFJ FINL GRP INC
COMMON STOCKS
 
 
 
641,214

 
MONDELEZ INTERNATIONAL INC
COMMON STOCKS
 
 
 
1,187,240

 
MONSANTO CO NEW
COMMON STOCKS
 
 
 
1,212,120

 
MONTPELIER RE HOLDINGS LTD
COMMON STOCKS
 
 
 
414,995

 
MYERS INDUSTRIES
COMMON STOCKS
 
 
 
154,833

 
MYRIAD GENETICS INC
COMMON STOCKS
 
 
 
71,332

 
NACCO INDUSTRIES INC CL A
COMMON STOCKS
 
 
 
192,789

 
NATIONAL AUSTRALIA BANK LTD
COMMON STOCKS
 
 
 
229,516

 
NAVIGANT CONSULTING INC
COMMON STOCKS
 
 
 
140,160

 
NEENAH PAPER INC
COMMON STOCKS
 
 
 
337,883

 
NELNET INC CL A
COMMON STOCKS
 
 
 
396,116

 
NESTLE SA (REG)
COMMON STOCKS
 
 
 
2,628

 
NEWPARK RESOURCES INC
COMMON STOCKS
 
 
 
165,915

 
NIELSEN HOLDINGS BV
COMMON STOCKS
 
 
 
55,068

 
NIKE INC CL B
COMMON STOCKS
 
 
 
1,241,669

 
NN INC
COMMON STOCKS
 
 
 
177,672

 
NORTHROP GRUMMAN CORP
COMMON STOCKS
 
 
 
1,268,160

 
NOVARTIS AG (REG)
COMMON STOCKS
 
 
 
1,686

 
NXP SEMICONDUCTORS NV
COMMON STOCKS
 
 
 
344,475

 
OCCIDENTAL PETROLEUM CORP
COMMON STOCKS
 
 
 
1,158,454

 
OFG BANCORP
COMMON STOCKS
 
 
 
224,718

 
OLD NATIONAL BANCORP (IND)
COMMON STOCKS
 
 
 
221,328

 
OLIN CORP
COMMON STOCKS
 
 
 
409,670

 
OMEGA PROTEIN CORP
COMMON STOCKS
 
 
 
130,274

 
OMRON CORP
COMMON STOCKS
 
 
 
423,436

 
ORBITAL SCIENCES CORP
COMMON STOCKS
 
 
 
88,540

 
ORIX CORP
COMMON STOCKS
 
 
 
482,314

 
PARKER DRILLING CO
COMMON STOCKS
 
 
 
273,981

 
PDL BIOPHARMA INC
COMMON STOCKS
 
 
 
111,408

 
PENNSYLVANIA RE INVSTMENT TR
COMMON STOCKS
 
 
 
132,860

 
PEPSICO INC
COMMON STOCKS
 
 
 
1,093,948

 
PHARMERICA CORP
COMMON STOCKS
 
 
 
350,450

 
PHH CORP
COMMON STOCKS
 
 
 
97,400

 
PHILIP MORRIS INTL INC
COMMON STOCKS
 
 
 
699,043

 
PHOTOMEDEX INC
COMMON STOCKS
 
 
 
101,010

 
PNC FINANCIAL SERVICES GRP INC
COMMON STOCKS
 
 
 
1,075,647

 
POPULAR INC
COMMON STOCKS
 
 
 
330,395

 
PORTLAND GENERAL ELECTRIC CO
COMMON STOCKS
 
 
 
198,088

 
PRICELINE.COM INC
COMMON STOCKS
 
 
 
714,876

 
PROCTER & GAMBLE CO
COMMON STOCKS
 
 
 
1,033,907

 
PROSIEBEN SAT.1 MEDIA AG
COMMON STOCKS
 
 
 
468,013

 
PROTECTIVE LIFE CORP
COMMON STOCKS
 
 
 
369,818

 
PROVIDENT FINANCIAL HLDGS INC
COMMON STOCKS
 
 
 
111,000

 
PRUDENTIAL FINANCIAL INC
COMMON STOCKS
 
 
 
1,135,228

 
PRUDENTIAL PLC
COMMON STOCKS
 
 
 
236,454

 
PUBLIC SVC ENTERPRISE GRP INC
COMMON STOCKS
 
 
 
842,908


21

Table of Contents



 
PULSE ELECTRONICS CORP
COMMON STOCKS
 
 
 
3,295

 
QIHOO 360 TECHNOLOGY LTD ADR
COMMON STOCKS
 
 
 
328,200

 
QUALCOMM INC
COMMON STOCKS
 
 
 
1,106,325

 
QUESTCOR PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
174,240

 
RALPH LAUREN CORP
COMMON STOCKS
 
 
 
810,221

 
RAYTHEON CO
COMMON STOCKS
 
 
 
1,135,424

 
RENT A CTR INC
COMMON STOCKS
 
 
 
224,919

 
REPUBLIC BANCORP INC KY CL A
COMMON STOCKS
 
 
 
141,524

 
RICHEMONT CIE FINANCIERE SA A
COMMON STOCKS
 
 
 
194,697

 
ROCHE HLDGS GENUSSSCHEINE
COMMON STOCKS
 
 
 
361,208

 
ROUNDYS INC
COMMON STOCKS
 
 
 
129,166

 
RYDER SYSTEM INC
COMMON STOCKS
 
 
 
1,338,517

 
SANDISK CORPORATION
COMMON STOCKS
 
 
 
1,097,179

 
SANFILIPPO (JOHN B) & SON INC.
COMMON STOCKS
 
 
 
111,134

 
SAP AG
COMMON STOCKS
 
 
 
780

 
SCHOLASTIC CORP
COMMON STOCKS
 
 
 
251,674

 
SCICLONE PHARMACEUTICALS INC
COMMON STOCKS
 
 
 
105,840

 
SEGA SAMMY HOLDINGS INC
COMMON STOCKS
 
 
 
162,689

 
SELECT MEDICAL HLDGS CORP
COMMON STOCKS
 
 
 
235,683

 
SENECA FOODS CORP CL A
COMMON STOCKS
 
 
 
117,993

 
SENSATA TECHNOLOGIES HOLDG BV
COMMON STOCKS
 
 
 
220,989

 
SHIRE PLC
COMMON STOCKS
 
 
 
269,056

 
SK HYNIX INC
COMMON STOCKS
 
 
 
253,066

 
SKILLED HEALTHCARE GROUP CL A
COMMON STOCKS
 
 
 
97,359

 
SKYWEST INC
COMMON STOCKS
 
 
 
274,355

 
SMITH & WESSON HOLDING CORP
COMMON STOCKS
 
 
 
129,504

 
SMURFIT KAPPA GROUP PLC (UK)
COMMON STOCKS
 
 
 
239,542

 
SNAP-ON INCORPORATED
COMMON STOCKS
 
 
 
1,182,707

 
SOFTBANK CORP
COMMON STOCKS
 
 
 
331,972

 
SOUTHSIDE BANCSHARES INC
COMMON STOCKS
 
 
 
79,286

 
SPARTAN STORES INC
COMMON STOCKS
 
 
 
154,421

 
STAGE STORES INC
COMMON STOCKS
 
 
 
115,544

 
STANCORP FINL GROUP INC
COMMON STOCKS
 
 
 
251,750

 
STANDARD MOTOR PRODUCTS INC
COMMON STOCKS
 
 
 
128,800

 
STARBUCKS CORP
COMMON STOCKS
 
 
 
1,003,392

 
STARWOOD HTLS & RESRT WRLDWIDE
COMMON STOCKS
 
 
 
1,083,936

 
STATE STREET CORP
COMMON STOCKS
 
 
 
1,025,844

 
STEELCASE INC CLASS A
COMMON STOCKS
 
 
 
108,528

 
STONERIDGE INC
COMMON STOCKS
 
 
 
123,675

 
STRYKER CORP
COMMON STOCKS
 
 
 
686,550

 
SUSQUEHANNA BANCSHARES INC PA
COMMON STOCKS
 
 
 
261,936

 
SYNGENTA AG (SWIT)
COMMON STOCKS
 
 
 
2,881

 
TAIHEIYO CEMENT CORP
COMMON STOCKS
 
 
 
218,669

 
TAL INTL GROUP INC
COMMON STOCKS
 
 
 
172,050

 
TAYLOR WIMPEY PLC
COMMON STOCKS
 
 
 
325,542

 
TECH DATA CORP
COMMON STOCKS
 
 
 
330,240

 
TECHTRONIC INDUSTRIES CO LTD
COMMON STOCKS
 
 
 
194,344

 
TELECOMMUNICATION SYST INC A
COMMON STOCKS
 
 
 
86,304

 
TELEKOMUNIKASI INDO B (DEMAT)
COMMON STOCKS
 
 
 
647

 
TENCENT HOLDINGS LIMITED
COMMON STOCKS
 
 
 
350,812

 
TJX COMPANIES INC NEW
COMMON STOCKS
 
 
 
962,323

 
TOKYU FUDOSAN HOLDINGS CORP
COMMON STOCKS
 
 
 
222,799

 
TRAVELERS COMPANIES INC
COMMON STOCKS
 
 
 
1,025,999

 
TRIPLE-S MANAGEMENT CORP CL B
COMMON STOCKS
 
 
 
118,584

 
TUTOR PERINI CORP
COMMON STOCKS
 
 
 
289,300

 
TWENTY FIRST CENTURY FOX CL B
COMMON STOCKS
 
 
 
493,742

 
TYCO INTL LTD
COMMON STOCKS
 
 
 
332,424

 
UBS AG (CWT) 2/04/16
COMMON STOCKS
 
 
 
349,181


22

Table of Contents



 
UBS AG (REGD)
COMMON STOCKS
 
 
 
247,944

 
UBSPHILB (UBS) (CWT) 4/20/2018
COMMON STOCKS
 
 
 
78,182

 
UNICREDIT SPA
COMMON STOCKS
 
 
 
448,717

 
UNITED ONLINE INC
COMMON STOCKS
 
 
 
38,129

 
UNITED PARCEL SERVICE INC CL B
COMMON STOCKS
 
 
 
1,103,340

 
USA MOBILITY INC
COMMON STOCKS
 
 
 
141,372

 
USANA HEALTH SCIENCES INC
COMMON STOCKS
 
 
 
83,138

 
VAALCO ENERGY INC
COMMON STOCKS
 
 
 
194,987

 
VALASSIS COMMUNICATIONS INC
COMMON STOCKS
 
 
 
172,924

 
VALIDUS HOLDING
COMMON STOCKS
 
 
 
237,711

 
VERIZON COMMUNICATIONS INC
COMMON STOCKS
 
 
 
882,210

 
VISA INC CL A
COMMON STOCKS
 
 
 
964,872

 
VISHAY INTERTECHNOLOGY INC
COMMON STOCKS
 
 
 
326,196

 
VONAGE HOLDINGS CORP
COMMON STOCKS
 
 
 
201,465

 
WEBSTER FINANCIAL
COMMON STOCKS
 
 
 
199,552

 
WELLPOINT INC
COMMON STOCKS
 
 
 
1,067,474

 
WELLS FARGO & CO
COMMON STOCKS
 
 
 
1,175,860

 
WESTERN REFINING INC
COMMON STOCKS
 
 
 
411,377

 
WESTLAKE CHEMICAL CORP
COMMON STOCKS
 
 
 
1,155,515

 
WORLD ACCEPTANCE CORP
COMMON STOCKS
 
 
 
131,295

 
ZODIAC AEROSPACE
COMMON STOCKS
 
 
 
629,312

 
 
 
 
 
 
123,556,596

 
 
 
 
 
 
 
 
SSBK STIF
MONEY MARKET
 
 
 
19,982,605

 
JP MORGAN US GOVT MM CAP
MONEY MARKET
 
 
 
29,146,897

 
 
 
 
 
 
49,129,502

*
NOTES RECEIVABLE FROM PARTICIPANTS
Notes receivable from participants (1)
 
12,388,043

 
 
 
 
 
$
1,165,487,045

 
 
 
 
 
 
 
(1
)
Interest rates are between 4.25% - 10.50%. The notes are due at various dates through September 23, 2019.
*
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 19, 2014
 
 
 


24

Table of Contents



Exhibit Index

Exhibit No. 23    Consent of PricewaterhouseCoopers LLP



25