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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Sales $ 1,635 $ 1,720 $ 3,223 $ 3,391
Outsourcing, service and rentals 3,763 3,731 7,530 7,363
Finance income 143 163 291 325
Total Revenues 5,541 5,614 11,044 11,079
Costs and Expenses        
Cost of sales 1,092 1,139 2,144 2,229
Cost of outsourcing, service and rentals 2,625 2,538 5,315 5,052
Equipment financing interest 51 60 104 120
Research, development and engineering expenses 161 175 334 359
Selling, administrative and general expenses 1,076 1,119 2,144 2,238
Restructuring and asset impairment charges 29 (9) 46 (24)
Amortization of intangible assets 82 87 164 172
Other expenses, net 74 104 129 182
Total Costs and Expenses 5,190 5,213 10,380 10,328
Income before Income Taxes and Equity Income 351 401 664 751
Income tax expense 66 108 143 203
Equity in net income of unconsolidated affiliates 31 34 71 68
Net Income 316 327 592 616
Less: Net income attributable to noncontrolling interests 7 8 14 16
Net Income Attributable to Xerox $ 309 $ 319 $ 578 $ 600
Basic Earnings per Share (in dollars per share) $ 0.23 $ 0.22 $ 0.42 $ 0.42
Diluted Earnings per Share (in dollars per share) $ 0.22 $ 0.22 $ 0.41 $ 0.41