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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Sales $ 1,279 $ 1,360 $ 3,891 $ 4,084
Outsourcing, maintenance and rentals 3,745 3,742 11,315 11,345
Financing 96 133 294 364
Total Revenues 5,120 5,235 15,500 15,793
Costs and Expenses        
Cost of sales 777 859 2,399 2,589
Cost of outsourcing, maintenance and rentals 2,733 2,686 8,250 8,150
Cost of financing 35 40 107 125
Research, development and engineering expenses 138 145 424 448
Selling, administrative and general expenses 951 1,015 2,879 3,090
Restructuring and asset impairment charges 28 35 93 60
Amortization of intangible assets 85 83 253 249
Other expenses, net 73 38 179 115
Total Costs and Expenses 4,820 4,901 14,584 14,826
Income before Income Taxes and Equity Income 300 334 916 967
Income tax expense 71 85 202 203
Equity in net income of unconsolidated affiliates 44 43 119 126
Income from Continuing Operations 273 292 833 890
Loss from discontinued operations, net of tax (1) (1) (3) (22)
Net Income 272 291 830 868
Less: Net income attributable to noncontrolling interests 6 5 17 15
Net Income Attributable to Xerox 266 286 813 853
Net income from continuing operations 267 287 816 875
Loss from discontinued operations, net of tax (1) (1) (3) (22)
Net Income Attributable to Xerox $ 266 $ 286 $ 813 $ 853
Continuing operations (dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.70
Discontinued operations (dollars per share) $ 0.00 $ 0.00 $ (0.01) $ (0.02)
Total Basic Earnings per Share (dollars per share) $ 0.23 $ 0.23 $ 0.68 $ 0.68
Continuing operations (dollars per share) $ 0.22 $ 0.22 $ 0.68 $ 0.68
Discontinued operations (dollars per share) $ 0.00 $ 0.00 $ (0.01) $ (0.01)
Total Diluted Earnings per Share (dollars per share) $ 0.22 $ 0.22 $ 0.67 $ 0.67