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Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Total Revenues $ 9,830 [1] $ 10,265 [1] $ 10,771
Costs and Expenses      
Cost of financing 132 133 128
Research, development and engineering expenses 397 424 463
Selling, administrative and general expenses 2,390 2,526 2,636
Restructuring and related costs 158 216 259
Amortization of intangible assets 48 53 58
Transaction and related costs, net 68 9 0
Other expenses, net 268 329 321
Total Costs and Expenses 9,232 9,695 10,203
Income before Income Taxes and Equity Income 598 570 568
Income tax expense 257 481 62
Equity in net income of unconsolidated affiliates 33 115 127
Income from Continuing Operations 374 204 633
Income (loss) from discontinued operations, net of tax 0 3 (1,093)
Net Income (Loss) 374 207 (460)
Less: Net income attributable to noncontrolling interests 13 12 11
Net Income (Loss) Attributable to Xerox 361 195 (471)
Net income from continuing operations $ 361 $ 192 $ 622
Basic Earnings (Loss) per Share:      
Continuing Operations (in dollars per share) $ 1.40 $ 0.70 $ 2.36
Discontinued operations (in dollars per share) 0.00 0.01 (4.31)
Total Basic Earnings (Loss) per Share 1.40 0.71 (1.95)
Diluted Earnings (Loss) per Share:      
Continuing Operations (in dollars per share) 1.38 0.70 2.33
Discontinued operations (in dollars per share) 0.00 0.01 (4.26)
Diluted Earnings (Loss) per Share $ 1.38 $ 0.71 $ (1.93)
Sales      
Revenues      
Total Revenues $ 3,972 $ 4,073 $ 4,319
Costs and Expenses      
Cost of Goods and Services Sold 2,412 2,487 2,656
Service, maintenance and rentals      
Revenues      
Total Revenues 5,590 5,898 6,127
Costs and Expenses      
Cost of Goods and Services Sold 3,359 3,518 3,682
Financing      
Revenues      
Total Revenues $ 268 $ 294 $ 325
[1] Geographic area data is based upon the location of the subsidiary reporting the revenue.