Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Restatement to Prior Year Income

The following table presents the effect of this correction on our Consolidated Statements of Income for all periods affected:

	Three Months Ended December 31, 2014				Year Ended December 31, 2014
	As Reported		As Revised		As Reported		As Revised
Income tax expense	$	78	$	34	$	259	$	215
Income from Continuing Operations	311		355		1,107		1,151
Net Income	162		206		992		1,036
Net Income Attributable to Xerox	156		200		969		1,013
Net Income Attributable to Xerox - continuing operations	305		349		1,084		1,128
Basic Earnings per Share:
Continuing Operations	$	0.26	$	0.30	$	0.92	$	0.96
Total Basic Earnings per Share	0.13		0.17		0.82		0.86
Diluted Earnings per Share:
Continuing Operations	$	0.26	$	0.30	$	0.90	$	0.94
Total Diluted Earnings per Share	0.13		0.17		0.81		0.85

Restatement to Prior Year Balance Sheet

The following table presents the effect this correction had on our Consolidated Balance Sheet at December 31, 2014:

	December 31, 2014
	As Reported		As Revised
Other long-term liabilities	$	498	$	454
Total Liabilities	16,600		16,556
Retained earnings	9,491		9,535
Xerox shareholders' equity	10,634		10,678
Total Equity	10,709		10,753

Restatement to Prior Year Cash Flow

The correction did not have an effect on the Company’s operating cash flows. The following table presents the effect on the individual line items within operating cash flows of our Consolidated Statement of Cash Flows for the year ended December 31, 2014:

	Year Ended December 31, 2014
	As Reported		As Revised
Net income	$	992	$	1,036
Net change in income tax assets and liabilities	29		(15		)