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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Sales $ 1,150 $ 1,275 $ 3,500 $ 3,874
Outsourcing, maintenance and rentals 3,098 3,424 9,630 10,339
Financing 85 96 262 294
Total Revenues 4,333 4,795 13,392 14,507
Costs and Expenses        
Cost of sales 721 774 2,171 2,384
Cost of outsourcing, maintenance and rentals 2,592 2,444 7,316 7,386
Cost of financing 33 35 98 107
Research, development and engineering expenses 135 139 418 427
Selling, administrative and general expenses 855 942 2,676 2,846
Restructuring and asset impairment charges 20 27 191 92
Amortization of intangible assets 77 77 233 232
Other expenses, net 73 71 187 175
Total Costs and Expenses 4,506 4,509 13,290 13,649
(Loss) income from discontinued operations, net of tax (3) 8 (64) 34
(Loss) Income before Income Taxes and Equity Income (173) 286 102 858
Income tax (benefit) expense (105) 66 (75) 181
Equity in net income of unconsolidated affiliates 40 44 103 119
(Loss) Income from Continuing Operations (28) 264 280 796
(Loss) income from discontinued operations, net of tax (3) 8 (64) 34
Net (Loss) Income (31) 272 216 830
Less: Net income attributable to noncontrolling interests 3 6 13 17
Net (loss) income from continuing operations (31) 258 267 779
Net (Loss) Income Attributable to Xerox $ (34) $ 266 $ 203 $ 813
Basic (Loss) Earnings per Share:        
Continuing operations (dollars per share) $ (0.04) $ 0.22 $ 0.23 $ 0.65
Discontinued operations (dollars per share) 0.00 0.01 (0.06) 0.03
Total Basic (Loss) Earnings per Share (0.04) 0.23 0.17 0.68
Diluted (Loss) Earnings per Share:        
Continuing operations (dollars per share) (0.04) 0.21 0.23 0.64
Discontinued operations (dollars per share) 0.00 0.01 (0.06) 0.03
Total Diluted (Loss) Earnings per Share $ (0.04) $ 0.22 $ 0.17 $ 0.67