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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Basic Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
155

 
$
107

 
$
189

 
$
298

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(12
)
 
(12
)
Net Income From Continuing Operations Available to Common Shareholders
149

 
101

 
177

 
286

Net loss from discontinued operations attributable to Xerox
—

 
(95
)
 
—

 
(61
)
Net Income Available to Common Shareholders
$
149

 
$
6

 
$
177

 
$
225

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
1,013,284

 
1,087,720

 
1,013,164

 
1,098,370

Basic Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.15

 
$
0.09

 
$
0.17

 
$
0.26

Discontinued operations
—

 
(0.08
)
 
—

 
(0.06
)
Total
$
0.15

 
$
0.01

 
$
0.17

 
$
0.20

 
 
 
 
 
 
 
 
Diluted Earnings per Share:
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
$
155

 
$
107

 
$
189

 
$
298

Accrued dividends on preferred stock
(6
)
 
(6
)
 
(12
)
 
(12
)
Net Income From Continuing Operations Available to Common Shareholders
$
149

 
$
101

 
$
177

 
$
286

Net loss from discontinued operations attributable to Xerox
—

 
(95
)
 
—

 
(61
)
Net Income Available to Common Shareholders
$
149

 
$
6

 
$
177

 
$
225

 
 
 
 
 
 
 
 
Weighted average common shares outstanding - Basic
1,013,284

 
1,087,720

 
1,013,164

 
1,098,370

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
822

 
1,409

 
837

 
1,615

Restricted stock and performance shares
7,915

 
16,140

 
7,156

 
15,300

Convertible preferred stock
—

 
—

 
—

 
—

Weighted Average Common Shares Outstanding - Diluted
1,022,021

 
1,105,269

 
1,021,157

 
1,115,285

Diluted Earnings per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.15

 
$
0.09

 
$
0.17

 
$
0.26

Discontinued operations
—

 
(0.08
)
 
—

 
(0.06
)
Total
$
0.15

 
$
0.01

 
$
0.17

 
$
0.20

 
 
 
 
 
 
 
 
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive:
Stock options
1,944

 
2,590

 
1,930

 
2,384

Restricted stock and performance shares
15,909

 
13,981

 
16,669

 
14,820

Convertible preferred stock
26,966

 
26,966

 
26,966

 
26,966

Total Anti-Dilutive Securities
44,819

 
43,537

 
45,565

 
44,170

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.0775

 
$
0.0700

 
$
0.1550

 
$
0.1400