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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Sales $ 1,272 $ 1,293
Outsourcing, maintenance and rentals 3,749 3,792
Financing 100 117
Total Revenues 5,121 5,202
Costs and Expenses    
Cost of sales 790 815
Cost of outsourcing, maintenance and rentals 2,748 2,758
Cost of financing 36 43
Research, development and engineering expenses 144 154
Selling, administrative and general expenses 961 1,040
Restructuring and asset impairment charges 27 (8)
Amortization of intangible assets 84 83
Other expenses, net 40 17
Total Costs and Expenses 4,830 4,902
Income before Income Taxes and Equity Income 291 300
Income tax expense 49 50
Equity in net income of unconsolidated affiliates 42 47
Income from Continuing Operations 284 297
Income from discontinued operations, net of tax 2 3
Net Income 286 300
Less: Net income attributable to noncontrolling interests 5 4
Net Income Attributable to Xerox 281 296
Net income from continuing operations 279 293
Income from discontinued operations, net of tax 2 3
Net Income Attributable to Xerox $ 281 $ 296
Continuing operations (dollars per share) $ 0.23 $ 0.23
Discontinued operations (dollars per share) $ 0.00 $ 0.00
Total Basic Earnings per Share (dollars per share) $ 0.23 $ 0.23
Continuing operations (dollars per share) $ 0.23 $ 0.23
Discontinued operations (dollars per share) $ 0.00 $ 0.00
Diluted Earnings per Share (dollars per share) $ 0.23 $ 0.23