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Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 723 $ 1,084
Accounts receivable, net 1,234 1,276
Billed portion of finance receivables, net 102 105
Finance receivables, net 1,191 1,218
Inventories 859 818
Other current assets 204 194
Total current assets 4,313 4,695
Finance receivables due after one year, net 2,080 2,149
Equipment on operating leases, net 414 442
Land, buildings and equipment, net 469 499
Investments in affiliates, at equity 1,452 1,403
Intangible assets, net 208 220
Goodwill 3,889 3,867
Deferred tax assets 753 740
Other long-term assets 1,221 859
Total Assets 14,799 14,874
Liabilities and Equity    
Short-term debt and current portion of long-term debt 555 961
Accounts payable 1,054 1,091
Accrued compensation and benefits costs 298 349
Accrued expenses and other current liabilities 1,022 850
Total current liabilities 2,929 3,251
Long-term debt 4,268 4,269
Pension and other benefit liabilities 1,481 1,482
Post-retirement medical benefits 348 350
Other long-term liabilities 496 269
Total Liabilities 9,522 9,621
Commitments and Contingencies (See Note 20)
Convertible Preferred Stock 214 214
Common stock 230 232
Additional paid-in capital 3,282 3,321
Treasury stock, at cost (103) (55)
Retained earnings 5,270 5,072
Accumulated other comprehensive loss (3,652) (3,565)
Xerox shareholders’ equity 5,027 5,005
Noncontrolling interests 36 34
Total Equity 5,063 5,039
Total Liabilities and Equity $ 14,799 $ 14,874
Shares of common stock issued 229,732 231,690
Treasury stock (3,321) (2,067)
Shares of Common Stock Outstanding 226,411 229,623