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Shareholders' Equity
3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Shareholders’ Equity
 
Common
Stock
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
AOCL(3)
 
Xerox
Shareholders’
Equity
 
Non-controlling
Interests
 
Total
Equity
Balance at December 31, 2015
$
1,013

 
$
3,017

 
$
9,686

 
$
(4,642
)
 
$
9,074

 
$
43

 
$
9,117

Comprehensive income, net

 

 
34

 
88

 
122

 
2

 
124

Cash dividends declared- common(1)

 

 
(79
)
 

 
(79
)
 

 
(79
)
Cash dividends declared - preferred(2)

 

 
(6
)
 

 
(6
)
 

 
(6
)
Stock option and incentive plans, net

 
15

 

 

 
15

 

 
15

Distributions to noncontrolling interests

 

 

 

 

 
(8
)
 
(8
)
Balance at March 31, 2016
$
1,013

 
$
3,032

 
$
9,635

 
$
(4,554
)
 
$
9,126

 
$
37

 
$
9,163


 
 
Common
Stock
 
Additional
Paid-in
Capital
 
Treasury Stock
 
Retained
Earnings
 
AOCL(3)
 
Xerox
Shareholders’
Equity
 
Non-
controlling
Interests
 
Total
Equity
Balance at December 31, 2014
$
1,124

 
$
4,283

 
$
(105
)
 
$
9,535

 
$
(4,159
)
 
$
10,678

 
$
75

 
$
10,753

Comprehensive income (loss), net

 

 

 
225

 
(381
)
 
(156
)
 
4

 
(152
)
Cash dividends declared-common(1)

 

 

 
(79
)
 

 
(79
)
 

 
(79
)
Cash dividends declared-preferred(2)

 

 

 
(6
)
 

 
(6
)
 

 
(6
)
Stock option and incentive plans, net
1

 
30

 

 

 

 
31

 

 
31

Payments to acquire treasury stock, including fees

 

 
(216
)
 

 

 
(216
)
 

 
(216
)
Cancellation of treasury stock
(12
)
 
(162
)
 
174

 

 

 

 

 

Distributions to noncontrolling interests

 

 

 

 

 

 
(41
)
 
(41
)
Balance at March 31, 2015
$
1,113

 
$
4,151

 
$
(147
)
 
$
9,675

 
$
(4,540
)
 
$
10,252

 
$
38

 
$
10,290

_____________________________
(1)
Cash dividends declared on common stock of $0.0775 per share and $0.07 per share in the first quarter of 2016 and 2015, respectively.
(2)
Cash dividends declared on preferred stock of $20.00 per share in each quarter of 2016 and 2015.
(3)
Refer to Note 15 - Other Comprehensive Income (Loss) for components of AOCL.
Treasury Stock
There were no repurchases of Xerox Common Stock pursuant to Board authorized share repurchase programs during the first quarter 2016.