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Earnings per Share (Tables)
 9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net Income from Continuing Operations Attributable to Xerox
$
89

 
$
176

 
$
224

 
$
388

Accrued dividends on preferred stock
(4
)
 
(4
)
 
(11
)
 
(11
)
Adjusted Net income from continuing operations available to common shareholders
85

 
172

 
213

 
377

Net income (loss) from discontinued operations attributable to Xerox
—

 
3

 
—

 
(3
)
Adjusted Net income available to common shareholders
$
85

 
$
175

 
$
213

 
$
374

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
251,290

 
254,510

 
253,360

 
254,259

 
 
 
 
 
 
 
 
Basic Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.34

 
$
0.68

 
$
0.84

 
$
1.49

Discontinued operations
—

 
0.01

 
—

 
(0.01
)
Basic Earnings per Share
$
0.34

 
$
0.69

 
$
0.84

 
$
1.48

 
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Net Income from Continuing Operations Attributable to Xerox
$
89

 
$
176

 
$
224

 
$
388

Accrued dividends on preferred stock
(4
)
 
—

 
(11
)
 
(11
)
Adjusted Net income from continuing operations available to common shareholders
85

 
176

 
213

 
377

Net income (loss) from discontinued operations attributable to Xerox
—

 
3

 
—

 
(3
)
Adjusted Net income available to common shareholders
$
85

 
$
179

 
$
213

 
$
374

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
251,290

 
254,510

 
253,360

 
254,259

Common shares issuable with respect to:
 
 
 
 
 
 
 
Stock options
—

 
—

 
—

 
—

Restricted stock and performance shares
2,763

 
2,133

 
2,875

 
2,170

Convertible preferred stock
—

 
6,742

 
—

 
—

Adjusted Weighted average common shares outstanding
254,053

 
263,385

 
256,235

 
256,429

 
 
 
 
 
 
 
 
Diluted Earnings (Loss) per Share:
 
 
 
 
 
 
 
Continuing operations
$
0.34

 
$
0.67

 
$
0.83

 
$
1.47

Discontinued operations
—

 
0.01

 
—

 
(0.01
)
Diluted Earnings per Share
$
0.34

 
$
0.68

 
$
0.83

 
$
1.46

 
 
 
 
 
 
 
 
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
1,052

 
—

 
1,052

 
—

Restricted stock and performance shares
3,529

 
3,890

 
3,417

 
3,852

Convertible preferred stock
6,742

 
—

 
6,742

 
6,742

Total Anti-Dilutive Securities
11,323

 
3,890

 
11,211

 
10,594

 
 
 
 
 
 
 
 
Dividends per Common Share
$
0.25

 
$
0.25

 
$
0.75

 
$
0.75