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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Sales $ 1,359 $ 1,454 $ 2,630 $ 2,747
Outsourcing, maintenance and rentals 3,835 3,823 7,574 7,605
Financing 98 114 198 231
Total Revenues 5,292 5,391 10,402 10,583
Costs and Expenses        
Cost of sales 847 934 1,637 1,749
Cost of outsourcing, maintenance and rentals 2,781 2,718 5,520 5,467
Cost of financing 36 42 72 85
Research, development and engineering expenses 142 149 286 303
Selling, administrative and general expenses 972 1,041 1,932 2,080
Restructuring and asset impairment charges 38 33 65 25
Amortization of intangible assets 84 83 168 166
Other expenses, net 68 59 107 76
Total Costs and Expenses 4,968 5,059 9,787 9,951
Income before Income Taxes and Equity Income 324 332 615 632
Income tax expense 81 68 130 118
Equity in net income of unconsolidated affiliates 33 36 75 83
Income from Continuing Operations 276 300 560 597
Loss from discontinued operations, net of tax (4) (23) (2) (20)
Net Income 272 277 558 577
Less: Net income attributable to noncontrolling interests 6 6 11 10
Net Income Attributable to Xerox 266 271 547 567
Net income from continuing operations 270 294 549 587
Loss from discontinued operations, net of tax (4) (23) (2) (20)
Net Income Attributable to Xerox $ 266 $ 271 $ 547 $ 567
Continuing operations (dollars per share) $ 0.22 $ 0.24 $ 0.46 $ 0.47
Discontinued operations (dollars per share) $ 0.00 $ (0.02) $ 0.00 $ (0.02)
Total Basic Earnings per Share (dollars per share) $ 0.22 $ 0.22 $ 0.46 $ 0.45
Continuing operations (dollars per share) $ 0.22 $ 0.23 $ 0.45 $ 0.46
Discontinued operations (dollars per share) $ 0.00 $ (0.02) $ 0.00 $ (0.02)
Total Diluted Earnings per Share (dollars per share) $ 0.22 $ 0.21 $ 0.45 $ 0.44