Earnings per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings per Share

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 March 31,
	2013			2012
Basic Earnings per Share:
Net income attributable to Xerox	$	296		$	269
Accrued dividends on preferred stock	(6		)	(6		)
Adjusted Net Income Available to Common Shareholders	$	290		$	263
Weighted-average common shares outstanding	1,225,271			1,337,397
Basic Earnings per Share	$	0.24		$	0.20
Diluted Earnings per Share:
Net income attributable to Xerox	$	296		$	269
Accrued dividends on preferred stock	—			(6		)
Adjusted Net Income Available to Common Shareholders	$	296		$	263
Weighted-average common shares outstanding	1,225,271			1,337,397
Common shares issuable with respect to:
Stock options	4,854			7,143
Restricted stock and performance shares	21,372			22,349
Convertible preferred stock	26,966			—
Convertible securities	1,992			1,992
Adjusted Weighted Average Common Shares Outstanding	1,280,455			1,368,881
Diluted Earnings per Share	$	0.23		$	0.19
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive (shares in thousands):
Stock options	25,230			41,543
Restricted stock and performance shares	18,412			20,466
Convertible preferred stock	—			26,966
Total Anti-dilutive Securities	43,642			88,975
Dividends per Common Share	$	0.0575		$	0.0425