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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
Shareholders’ Equity
(shares in thousands)
 
Common
Stock
 
Additional
Paid-in
Capital
 
Treasury Stock
 
Retained
Earnings
 
AOCL(1)
 
Xerox
Shareholders’
Equity
 
Non-controlling
Interests
 
Total
Equity
Balance at December 31, 2018
$
232

 
$
3,321

 
$
(55
)
 
$
5,072

 
$
(3,565
)
 
$
5,005

 
$
34

 
$
5,039

Cumulative effect of change in accounting principle(2)
—

 
—

 
—

 
127

 
(127
)
 
—

 
—

 
—

Comprehensive income, net
—

 
—

 
—

 
133

 
40

 
173

 
3

 
176

Cash dividends declared - common(3)
—

 
—

 
—

 
(58
)
 
—

 
(58
)
 
—

 
(58
)
Cash dividends declared - preferred(4)
—

 
—

 
—

 
(4
)
 
—

 
(4
)
 
—

 
(4
)
Stock option and incentive plans, net
—

 
14

 
—

 
—

 
—

 
14

 
—

 
14

Payments to acquire treasury stock, including fees
—

 
—

 
(103
)
 
—

 
—

 
(103
)
 
—

 
(103
)
Cancellation of treasury stock
(2
)
 
(53
)
 
55

 
—

 
—

 
—

 
—

 
—

Distributions to noncontrolling interests
—

 
—

 
—

 
—

 
—

 
—

 
(1
)
 
(1
)
Balance at March 31, 2019
$
230

 
$
3,282

 
$
(103
)
 
$
5,270

 
$
(3,652
)
 
$
5,027

 
$
36

 
$
5,063


 
Common
Stock
 
Additional
Paid-in
Capital
 
Treasury Stock
 
Retained
Earnings
 
AOCL(1)
 
Xerox
Shareholders’
Equity
 
Non-
controlling
Interests
 
Total
Equity
Balance at December 31, 2017
$
255

 
$
3,893

 
$
—

 
$
4,856

 
$
(3,748
)
 
$
5,256

 
$
37

 
$
5,293

Cumulative effect of change in accounting principle
—

 
—

 
—

 
117

 
—

 
117

 
—

 
117

Comprehensive income, net
—

 
—

 
—

 
23

 
211

 
234

 
3

 
237

Cash dividends declared - common(3)
—

 
—

 
—

 
(65
)
 
—

 
(65
)
 
—

 
(65
)
Cash dividends declared - preferred(4)
—

 
—

 
—

 
(4
)
 
—

 
(4
)
 
—

 
(4
)
Stock option and incentive plans, net
—

 
15

 
—

 
—

 
—

 
15

 
—

 
15

Distributions to noncontrolling interests
—

 
—

 
—

 
—

 
—

 
—

 
(11
)
 
(11
)
Balance at March 31, 2018
$
255

 
$
3,908

 
$
—

 
$
4,927

 
$
(3,537
)
 
$
5,553

 
$
29

 
$
5,582

_____________________________
(1)
Refer to Note 18 - Other Comprehensive Income for the components of AOCL.
(2)
Refer to Note 2 - Recent Accounting Pronouncements - Income Taxes, for additional information related to the adoption of ASU 2018-02.
(3)
Cash dividends declared on common stock were $0.25 per share in the first quarter of 2019 and 2018.
(4)
Cash dividends declared on preferred stock were $20.00 per share in the first quarter of 2019 and 2018.
Summary of Treasury Stock Purchases
The following is a summary of the purchases of common stock during the first quarter of 2019:
 
 
Shares
 
Amount
Balance at December 31, 2018
 
2,067

 
$
55

Purchases(1)
 
3,321

 
103

Cancellations
 
(2,067
)
 
(55
)
Balance at March 31, 2019
 
3,321

 
$
103

_____________________________
(1)
Includes associated fees.