XML 79 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows from Operating Activities:    
Net income $ 230us-gaap_ProfitLoss $ 286us-gaap_ProfitLoss
Adjustments required to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 296us-gaap_DepreciationDepletionAndAmortization 345us-gaap_DepreciationDepletionAndAmortization
Provision for receivables 18us-gaap_ProvisionForDoubtfulAccounts 16us-gaap_ProvisionForDoubtfulAccounts
Provision for inventory 6us-gaap_InventoryWriteDown 10us-gaap_InventoryWriteDown
Net gain on sales of businesses and assets (12)xrx_Gainlossonsaleofbusinessandpropertyplantandequipment (30)xrx_Gainlossonsaleofbusinessandpropertyplantandequipment
Undistributed equity in net income of unconsolidated affiliates (31)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (42)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Stock-based compensation 22us-gaap_ShareBasedCompensation 26us-gaap_ShareBasedCompensation
Restructuring and asset impairment charges 14us-gaap_RestructuringCostsAndAssetImpairmentCharges 27us-gaap_RestructuringCostsAndAssetImpairmentCharges
Payments for restructurings (31)us-gaap_PaymentsForRestructuring (36)us-gaap_PaymentsForRestructuring
Contributions to defined benefit pension plans (41)us-gaap_PensionContributions (37)us-gaap_PensionContributions
Increase in accounts receivable and billed portion of finance receivables (239)us-gaap_IncreaseDecreaseInAccountsReceivable (239)us-gaap_IncreaseDecreaseInAccountsReceivable
Collections of deferred proceeds from sales of receivables 72xrx_CollectionsOfDeferredPurchasePriceFromSaleOfReceivables 120xrx_CollectionsOfDeferredPurchasePriceFromSaleOfReceivables
Increase in inventories (126)us-gaap_IncreaseDecreaseInInventories (60)us-gaap_IncreaseDecreaseInInventories
Increase in equipment on operating leases (70)xrx_IncreaseDecreaseInEquipmentOnOperatingLease (57)xrx_IncreaseDecreaseInEquipmentOnOperatingLease
Decrease in finance receivables 72us-gaap_IncreaseDecreaseInFinanceReceivables 36us-gaap_IncreaseDecreaseInFinanceReceivables
Collections on beneficial interest from sales of finance receivables 15xrx_CollectionsOnBeneficialInterest 21xrx_CollectionsOnBeneficialInterest
Increase in other current and long-term assets (71)us-gaap_IncreaseDecreaseInOtherOperatingAssets (94)us-gaap_IncreaseDecreaseInOtherOperatingAssets
(Decrease) increase in accounts payable and accrued compensation (17)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 8us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Decrease in other current and long-term liabilities (26)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (26)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net change in income tax assets and liabilities 32us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable 29us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
Net change in derivative assets and liabilities (12)us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities (1)us-gaap_IncreaseDecreaseInDerivativeAssetsAndLiabilities
Other operating, net 12us-gaap_OtherOperatingActivitiesCashFlowStatement (16)us-gaap_OtherOperatingActivitiesCashFlowStatement
Net cash provided by operating activities 113us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 286us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities:    
Cost of additions to land, buildings and equipment (75)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (84)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sales of land, buildings and equipment 16us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 33us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Cost of additions to internal use software (20)us-gaap_PaymentsToDevelopSoftware (19)us-gaap_PaymentsToDevelopSoftware
Proceeds from sale of businesses 3us-gaap_ProceedsFromDivestitureOfBusinesses 0us-gaap_ProceedsFromDivestitureOfBusinesses
Acquisitions, net of cash acquired (28)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (54)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other investing, net 6us-gaap_PaymentsForProceedsFromOtherInvestingActivities 4us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (98)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (120)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities:    
Net (payments) proceeds on debt (150)us-gaap_ProceedsFromRepaymentsOfDebt 4us-gaap_ProceedsFromRepaymentsOfDebt
Common stock dividends (70)us-gaap_PaymentsOfDividendsCommonStock (68)us-gaap_PaymentsOfDividendsCommonStock
Preferred stock dividends (6)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (6)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Proceeds from issuances of common stock 10us-gaap_ProceedsFromIssuanceOfCommonStock 20us-gaap_ProceedsFromIssuanceOfCommonStock
Excess tax benefits from stock-based compensation 2us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 3us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payments to acquire treasury stock, including fees (216)us-gaap_PaymentsForRepurchaseOfCommonStock (275)us-gaap_PaymentsForRepurchaseOfCommonStock
Repurchases related to stock-based compensation (1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Distributions to noncontrolling interests (54)us-gaap_PaymentsOfDividendsMinorityInterest (16)us-gaap_PaymentsOfDividendsMinorityInterest
Other financing 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (10)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash used in financing activities (485)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (349)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of exchange rate changes on cash and cash equivalents (69)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (14)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Decrease in cash and cash equivalents (539)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (197)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 1,411us-gaap_CashAndCashEquivalentsAtCarryingValue 1,764us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Period $ 872us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,567us-gaap_CashAndCashEquivalentsAtCarryingValue