Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - NCR CORP | d294651dex991.htm |
| 8-K - 8-K - NCR CORP | d294651d8k.htm |
 Pension Update
February 6, 2012
Exhibit 99.2 |
 Note to
Investors These Supplementary Materials may include forward-looking
statements under the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on
current expectations and assumptions, and are subject to a
number of risks and uncertainties that could cause actual
results to vary materially. These risks and uncertainties are
detailed from time to time in NCR’s SEC reports, including, but
not limited to, Forms 10-Q, 10-K, 8-K and NCR’s annual report
to shareholders. These Supplementary Materials are dated
February 6, 2012, and NCR does not undertake any obligation
to publicly update or revise these materials, whether as a
result of new information, future events or otherwise.
NCR Confidential
2 |
 NCR Pension
Update – Year-End 2011
Cash Funding for Pension Plans
2010
2011
2012E
2013E
US Qualified Plan**
0
0
85
110
US Non-qualified Plan
9
9
10
10
International Plans***
96
116
120
125
Total
105
125
215
245
Pension Metrics & Funded Status
Asset Return
Discount
rate Funded Status
12/31/11 YTD
12/31/10
12/31/11
12/31/10
12/31/11
US Plans
10%
5.25%
4.0%
(903)
(1,294)
International Plans
10%
4.6%
4.1%
(94)
(53)*
Global
10%
5.0%
4.0%
(997)
(1,347)
( $ Millions)
( $ Millions)
The deterioration in the global funded status was approximately $350m in
2011 *The ($53m) net funded status of international plans is comprised
underfunded plans of ($385m), and overfunded plans of $332m ** The funding
requirements for the U.S. Qualified Plan incorporate 15 year funding relief for the 2010 and 2011 plan years
***
The
funding
of
international
plans
is
expected
to
decline
to
an
annual
amount
of
$10-$20
million
(excluding
the
funding
of
future
service
cost) by 2017 as some of the underfunded plans reach fully funded status
Due to pension plan closures, service cost is expected to decline to a level of
about $10m per year All future funding estimates are approximations based
on expected asset returns, discount rates, and current local requirements
NCR Confidential
3
The overfunded plans are a result of local funding methodologies that use more conservative actuarial
assumptions than GAAP |