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Correction of Fuji Xerox Misstatement in Prior Period Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2017
Impact of Revisions [Line Items]  
Impact of Revisions [Table Text Block]
Revised Annual Consolidated Statements of Income
The following tables reconcile selected lines from the company’s fiscal years of 2016 and 2015 Consolidated Statements of (Loss) Income from the previously reported amounts to the revised amounts:
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
 
As Reported
 
Adjustment
 
As Revised
 
As Reported
 
Adjustment
 
As Revised
Equity in net income of unconsolidated affiliates
 
$
121

 
$
6

 
$
127

 
$
135

 
$
(26
)
 
$
109

Income from Continuing Operations
 
627

 
6

 
633

 
866

 
(26
)
 
840

Net (Loss) Income
 
(466
)
 
6

 
(460
)
 
492

 
(26
)
 
466

Net (Loss) Income Attributable to Xerox
 
(477
)
 
6

 
(471
)
 
474

 
(26
)
 
448

 
 
 
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations attributable to Xerox
 
$
616

 
$
6

 
$
622

 
$
848

 
$
(26
)
 
$
822

 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
2.33

 
$
0.03

 
$
2.36

 
$
3.10

 
$
(0.10
)
 
$
3.00

Total
 
$
(1.98
)
 
$
0.03

 
$
(1.95
)
 
$
1.69

 
$
(0.10
)
 
$
1.59

 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
2.31

 
$
0.02

 
$
2.33

 
$
3.06

 
$
(0.09
)
 
$
2.97

Total
 
$
(1.96
)
 
$
0.03

 
$
(1.93
)
 
$
1.67

 
$
(0.09
)
 
$
1.58

_____________
Note: The sum of quarterly earnings per share may differ from the full-year amounts due to rounding, or in the case of diluted earnings per share, because securities that are anti-dilutive in certain quarters may not be anti-dilutive on a full-year basis.
Revised Consolidated Statements of Comprehensive (Loss) Income
The following tables reconcile selected lines from the company’s fiscal years of 2016 and 2015 Consolidated Statements of Comprehensive (Loss) Income from the previously reported amounts to the revised amounts:
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
 
As Reported
 
Adjustment
 
As Revised
 
As Reported
 
Adjustment
 
As Revised
Net (Loss) Income
 
$
(466
)
 
$
6

 
$
(460
)
 
$
492

 
$
(26
)
 
$
466

Net (Loss) Income Attributable to Xerox
 
(477
)
 
6

 
(471
)
 
474

 
(26
)
 
448

 
 
 
 
 
 
 
 
 
 
 
 
 
Translation adjustments, net
 
$
(346
)
 
$
(1
)
 
$
(347
)
 
$
(660
)
 
$
9

 
$
(651
)
Other Comprehensive Loss, Net
 
(235
)
 
(1
)
 
(236
)
 
(484
)
 
9

 
(475
)
Other Comprehensive Loss, Net Attributable to Xerox
 
(232
)
 
(1
)
 
(233
)
 
(483
)
 
9

 
(474
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive (Loss) Income, Net
 
$
(701
)
 
$
5

 
$
(696
)
 
$
8

 
$
(17
)
 
$
(9
)
Comprehensive Loss, Net Attributable to Xerox
 
(709
)
 
5

 
(704
)
 
(9
)
 
(17
)
 
(26
)
Revised Consolidated Balance Sheets
The following table reconciles selected lines from the company’s Consolidated Balance Sheets at December 31, 2016 and 2015 from the previously reported amounts to the revised amounts:
 
 
As of December 31, 2016
 
As of December 31, 2015
 
 
As Reported
 
Adjustment
 
As Revised
 
As Reported
 
Adjustment
 
As Revised
Investments in affiliates, at equity
 
$
1,388

 
$
(94
)
 
$
1,294

 
$
1,382

 
$
(99
)
 
$
1,283

Total Assets
 
18,145

 
(94
)
 
18,051

 
25,541

 
(99
)
 
25,442

 
 
 
 
 
 
 
 
 
 
 
 
 
Retained earnings
 
$
5,039

 
$
(105
)
 
$
4,934

 
$
9,686

 
$
(111
)
 
$
9,575

Accumulated other comprehensive loss
 
(4,348
)
 
11

 
(4,337
)
 
(4,642
)
 
12

 
(4,630
)
Xerox shareholders' equity
 
4,803

 
(94
)
 
4,709

 
9,074

 
(99
)
 
8,975

Total Equity
 
4,841

 
(94
)
 
4,747

 
9,117

 
(99
)
 
9,018

Total Liabilities and Equity
 
18,145

 
(94
)
 
18,051

 
25,541

 
(99
)
 
25,442

Revised Consolidated Statements of Cash Flows from Operations
The revision did not have an impact on the company’s operating cash flows. The following table reconciles selected lines from the company’s fiscal years of 2016 and 2015 Consolidated Statements of Cash Flows from the previously reported amounts to the revised amounts:
 
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
 
As Reported
 
Adjustment
 
As Revised
 
As Reported
 
Adjustment
 
As Revised
Cash Flows from Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
 
Net (Loss) Income
 
$
(466
)
 
$
6

 
$
(460
)
 
$
492

 
$
(26
)
 
$
466

Income from Continuing Operations
 
627

 
6

 
633

 
866

 
(26
)
 
840

 
 
 
 
 
 
 
 
 
 
 
 
 
Undistributed equity in net income of unconsolidated affiliates
 
$
(69
)
 
$
(6
)
 
$
(75
)
 
$
(79
)
 
$
26

 
$
(53
)