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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2013
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
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Basic Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
288

 
$
280

 
$
875

 
$
850

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(18
)
 
(18
)
Adjusted Net Income From Continuing Operations Available to Common Shareholders
282

 
274

 
857

 
832

Net (loss) income from discontinued operations attributable to Xerox
(2
)
 
2

 
(22
)
 
10

Adjusted Net Income Available to Common Shareholders
$
280

 
$
276

 
$
835

 
$
842

Weighted-average common shares outstanding
1,236,485

 
1,293,513

 
1,230,787

 
1,320,422

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.23

 
$
0.21

 
$
0.70

 
$
0.63

Discontinued operations
—

 
—

 
(0.02
)
 
0.01

Total
$
0.23

 
$
0.21

 
$
0.68

 
$
0.64

 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
288

 
$
280

 
$
875

 
$
850

Accrued dividends on preferred stock
—

 
(6
)
 
—

 
(18
)
Interest on convertible securities, net
—

 
—

 
1

 
1

Adjusted Net Income From Continuing Operations Available to Common Shareholders
$
288

 
$
274

 
$
876

 
$
833

Net (loss) income from discontinued operations attributable to Xerox
(2
)
 
2

 
(22
)
 
10

Adjusted Net Income Available to Common Shareholders
$
286

 
$
276

 
$
854

 
$
843

Weighted-average common shares outstanding
1,236,485

 
1,293,513

 
1,230,787

 
1,320,422

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
5,225

 
3,335

 
5,422

 
5,369

Restricted stock and performance shares
14,910

 
20,028

 
18,429

 
21,227

Convertible preferred stock
26,966

 
—

 
26,966

 
—

Convertible securities
1,992

 
1,992

 
1,992

 
1,992

Adjusted Weighted Average Common Shares Outstanding
1,285,578

 
1,318,868

 
1,283,596

 
1,349,010

Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.22

 
$
0.21

 
$
0.68

 
$
0.62

Discontinued operations
—

 
—

 
(0.01
)
 
—

Total
$
0.22

 
$
0.21

 
$
0.67

 
$
0.62

 
 
 
 
 
 
 
 
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
13,102

 
38,430

 
12,905

 
36,395

Restricted stock and performance shares
12,016

 
24,327

 
8,497

 
23,128

Convertible preferred stock
—

 
26,966

 
—

 
26,966

Total Anti-Dilutive Securities
25,118

 
89,723

 
21,402

 
86,489

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.0575

 
$
0.0425

 
$
0.1725

 
$
0.1275