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Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2018
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:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net Income from Continuing Operations Attributable to Xerox
$
112

 
$
166

 
$
135

 
$
212

Accrued dividends on preferred stock
(3
)
 
(3
)
 
(7
)
 
(7
)
Adjusted Net income from continuing operations available to common shareholders
109

 
163

 
128

 
205

Net loss from discontinued operations attributable to Xerox
—

 
—

 
—

 
(6
)
Adjusted Net income available to common shareholders
$
109

 
$
163

 
$
128

 
$
199

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
254,895

 
254,193

 
254,791

 
254,107

Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.42

 
$
0.64

 
$
0.50

 
$
0.81

Discontinued operations
—

 
—

 
—

 
(0.03
)
Basic Earnings per Share
$
0.42

 
$
0.64

 
$
0.50

 
$
0.78

 
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net Income from Continuing Operations Attributable to Xerox
$
112

 
$
166

 
$
135

 
$
212

Accrued dividends on preferred stock
(3
)
 
—

 
(7
)
 
(7
)
Adjusted Net income from continuing operations available to common shareholders
109

 
166

 
128

 
205

Net loss from discontinued operations attributable to Xerox
—

 
—

 
—

 
(6
)
Adjusted Net income available to common shareholders
$
109

 
$
166

 
$
128

 
$
199

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
254,895

 
254,193

 
254,791

 
254,107

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
—

 
—

 
—

 
—

Restricted stock and performance shares
3,052

 
2,275

 
2,931

 
2,190

Convertible preferred stock
—

 
6,742

 
—

 
—

Adjusted Weighted average common shares outstanding
257,947

 
263,210

 
257,722

 
256,297

Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.42

 
$
0.63

 
$
0.50

 
$
0.80

Discontinued operations
—

 
—

 
—

 
(0.02
)
Diluted Earnings per Share
$
0.42

 
$
0.63

 
$
0.50

 
$
0.78

 
 
 
 
 
 
 
 
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
1,097

 
—

 
1,097

 
—

Restricted stock and performance shares
4,329

 
2,375

 
4,450

 
2,460

Convertible preferred stock
6,742

 
—

 
6,742

 
6,742

Total Anti-Dilutive Securities
12,168

 
2,375

 
12,289

 
9,202

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.25

 
$
0.25

 
$
0.50

 
$
0.50