XML 34 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2017
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)
As previously disclosed in Note 1 - Basis of Presentation, the historical statements of Other Comprehensive Income (Loss) have not been revised to reflect the effect of the Separation. Refer to Note 5 - Divestitures for additional information regarding the Separation. Other Comprehensive Income (Loss) is comprised of the following:
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
Pre-tax
 
Net of Tax
 
Pre-tax
 
Net of Tax
 
Pre-tax
 
Net of Tax
 
Pre-tax
 
Net of Tax
Translation Adjustments Gains (Losses)
 
$
152

 
$
154

 
$
(21
)
 
$
(21
)
 
$
490

 
$
491

 
$
90

 
$
86

Unrealized (Losses) Gains:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Changes in fair value of cash flow hedges - (losses) gains
 
(9
)
 
(7
)
 
4

 
3

 
(22
)
 
(18
)
 
61

 
42

Changes in cash flow hedges reclassed to earnings(1)
 
15

 
11

 
(17
)
 
(12
)
 
23

 
15

 
(24
)
 
(17
)
Other losses
 
(2
)
 
(2
)
 
—

 
—

 
(1
)
 
(1
)
 
(1
)
 
(1
)
Net Unrealized Gains (Losses)
 
4

 
2

 
(13
)
 
(9
)
 
—

 
(4
)
 
36

 
24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Defined Benefit Plans (Losses) Gains:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net actuarial losses
 
(50
)
 
(31
)
 
(113
)
 
(69
)
 
(59
)
 
(37
)
 
(336
)
 
(207
)
Prior service amortization(2)
 
(2
)
 
(2
)
 
(3
)
 
(2
)
 
(7
)
 
(5
)
 
(8
)
 
(5
)
Actuarial loss amortization/settlement(2)
 
50

 
35

 
40

 
27

 
160

 
109

 
133

 
90

Fuji Xerox changes in defined benefit plans, net(3)
 
6

 
6

 
(8
)
 
(8
)
 
27

 
27

 
(108
)
 
(108
)
Other (losses) gains(4)
 
(49
)
 
(49
)
 
38

 
37

 
(138
)
 
(138
)
 
124

 
123

Changes in Defined Benefit Plans Losses
 
(45
)
 
(41
)
 
(46
)
 
(15
)
 
(17
)
 
(44
)
 
(195
)
 
(107
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss)
 
111

 
115

 
(80
)
 
(45
)
 
473

 
443

 
(69
)
 
3

Less: Other comprehensive income (loss) attributable to noncontrolling interests
 
—

 
—

 
—

 
—

 
1

 
1

 
(1
)
 
(1
)
Other Comprehensive Income (Loss) Attributable to Xerox
 
$
111

 
$
115

 
$
(80
)
 
$
(45
)
 
$
472

 
$
442

 
$
(68
)
 
$
4

_____________________________
(1)
Reclassified to Cost of sales - refer to Note 12 - Financial Instruments for additional information regarding our cash flow hedges.
(2)
Reclassified to Total Net Periodic Benefit Cost - refer to Note 14 - Employee Benefit Plans for additional information.
(3)
Represents our share of Fuji Xerox's benefit plan changes.
(4)
Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits in AOCL.

Accumulated Other Comprehensive Loss (AOCL)
AOCL is comprised of the following:
 
 
September 30, 2017
 
December 31, 2016
Cumulative translation adjustments
 
$
(1,773
)
 
$
(2,263
)
Other unrealized losses, net
 
(17
)
 
(13
)
Benefit plans net actuarial losses and prior service credits(1)
 
(2,105
)
 
(2,061
)
Total Accumulated Other Comprehensive Loss Attributable to Xerox
 
$
(3,895
)
 
$
(4,337
)
_____________________________
(1)
Includes our share of Fuji Xerox.