Investment in Affiliates, at Equity (Tables)

3 Months Ended

Mar. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity in net income of unconsolidated affiliates

Our Equity in net income of unconsolidated affiliates was as follows:



	Three Months Ended March 31,
	2017		2016
Fuji Xerox	$	13	$	33
Other investments	3		4
Total Equity in Net Income of Unconsolidated Affiliates	$	16	$	37

Summarized Financial Information Of Equity Investment - Fuji Xerox

Summarized financial data of Fuji Xerox, which includes a portion of the current Fujifilm receivables adjustment, was as follows:



	Three Months Ended March 31⁽²⁾,
	2017		2016
Summary of Operations:
Revenues	$	2,533	$	2,678
Costs and expenses	2,316		2,464
Income before income taxes	217		214
Income tax expense	65		65
Net Income	152		149
Less: Net income – noncontrolling interests	2		2
Net Income – Fuji Xerox	$	150	$	147
Weighted Average Exchange Rate⁽¹⁾	113.56		115.08

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(1)	Represents Yen/U.S. Dollar exchange rate used to translate.

(2)

Until the investigation by Fujifilm is completed, the periods in which the current receivables adjustment may be recorded by FXNZ are subject to change, including the final amount of any adjustments for each of the three months ended March 31 in this table. In the first quarter 2017, one of the primary differences between the equity income we recorded for Fuji Xerox and our implied 25% share of Fuji Xerox’s first quarter 2017 net income in the summarized financial data is an additional amount recorded for the FXNZ adjustment.