Earnings per Share (Tables)

12 Months Ended

Dec. 31, 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):

	Year Ended December 31,
	2012			2011			2010
Basic Earnings per Share:
Net income attributable to Xerox	$	1,195		$	1,295		$	606
Accrued dividends on preferred stock	(24		)	(24		)	(21		)
Adjusted Net Income Available to Common Shareholders	$	1,171		$	1,271		$	585
Weighted-average common shares outstanding	1,302,053			1,388,096			1,323,431
Basic Earnings per Share	$	0.90		$	0.92		$	0.44
Diluted Earnings per Share:
Net income attributable to Xerox	$	1,195		$	1,295		$	606
Accrued dividends on preferred stock	(24		)	—			(21		)
Interest on convertible securities, net	1			1			—
Adjusted Net Income Available to Common Shareholders	$	1,172		$	1,296		$	585
Weighted-average common shares outstanding	1,302,053			1,388,096			1,323,431
Common shares issuable with respect to:
Stock options	4,335			9,727			13,497
Restricted stock and performance shares	20,804			16,993			13,800
Convertible preferred stock	—			26,966			—
Convertible securities	1,992			1,992			—
Adjusted Weighted Average Common Shares Outstanding	1,329,184			1,443,774			1,350,728
Diluted Earnings per Share	$	0.88		$	0.90		$	0.43
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	29,397			40,343			57,541
Restricted stock and performance shares	23,430			26,018			25,983
Convertible preferred stock	26,966			—			26,966
Convertible securities	—			—			1,992
	79,793			66,361			112,482
Dividends per common share	$	0.17		$	0.17		$	0.17