Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Basic Earnings per Share:
Net income attributable to Xerox	$	309		$	319		$	578		$	600
Accrued dividends on preferred stock	(6		)	(6		)	(12		)	(12		)
Adjusted Net Income Available to Common Shareholders	$	303		$	313		$	566		$	588
Weighted-average common shares outstanding	1,333,942			1,402,206			1,333,927			1,401,065
Basic Earnings per Share	$	0.23		$	0.22		$	0.42		$	0.42
Diluted Earnings per Share:
Net income attributable to Xerox	$	309		$	319		$	578		$	600
Accrued dividends on preferred stock	(6		)	(6		)	(12		)	(12		)
Interest on Convertible Securities, net	—			—			1			1
Adjusted Net Income Available to Common Shareholders	$	303		$	313		$	567		$	589
Weighted-average common shares outstanding	1,333,942			1,402,206			1,333,927			1,401,065
Common shares issuable with respect to:
Stock options	5,759			11,698			6,366			12,485
Restricted stock and performance shares	24,506			22,000			23,028			20,903
Convertible securities	1,992			1,992			1,992			1,992
Adjusted Weighted Average Common Shares Outstanding	1,366,199			1,437,896			1,365,313			1,436,445
Diluted Earnings per Share	$	0.22		$	0.22		$	0.41		$	0.41
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:
Stock options	41,732			53,745			41,125			52,958
Restricted stock and performance shares	17,316			15,892			18,794			16,989
Convertible preferred stock	26,966			26,966			26,966			26,966
	86,014			96,603			86,885			96,913
Dividends per common share	$	0.0425		$	0.0425		$	0.0850		$	0.0850