Employee Benefit Plans

6 Months Ended

Jun. 30, 2011

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 13 - Employee Benefit Plans

The components of Net periodic benefit cost and other changes in plan assets and benefit obligations were as follows:

	Pension Benefits												Retiree Health
	Three Months  Ended June 30,						Six Months  Ended June 30,						Three Months  Ended June 30,						Six Months  Ended June 30,
	2011			2010			2011			2010			2011			2010			2011			2010
Components of Net Periodic Benefit Costs:
Service cost	$	46		$	42		$	94		$	88		$	2		$	2		$	4		$	4
Interest cost		121			118			239			238			12			14			24			28
Expected return on plan assets		(130	)		(116	)		(257	)		(236	)		—			—			—			—
Recognized net actuarial loss		19			19			36			35			—			—			—			—
Amortization of prior service credit		(6	)		(5	)		(12	)		(10	)		(10	)		(7	)		(20	)		(13	)
Recognized settlement loss		20			15			50			46			—			—			—			—
Net periodic benefit cost		70			73			150			161			4			9			8			19
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Income:
Net actuarial loss (gain) (2)		(9	)		—			(9	)		—			—			—			—			—
Amortization of net prior service credit		6			5			12			10			10			7			20			13
Amortization of net actuarial losses		(39	)		(34	)		(86	)		(81	)		—			—			—			—
Total recognized in Other Comprehensive Income(1)		(42	)		(29	)		(83	)		(71	)		10			7			20			13
Total recognized in Net Periodic Benefit Cost and Other Comprehensive Income	$	28		$	44		$	67		$	90		$	14		$	16		$	28		$	32

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(1)   Amount represents the pre-tax effect included within Other comprehensive income. The amount, net of tax, is included within Note 14, Shareholders’ Equity.

(2)   Represents adjustments for the actual valuation results based on January 1, 2011 plan census data for the U.S.

The following table provides a summary of the components of the Net change in benefit plans included within Other comprehensive income as reported in Note 14, Shareholders’ Equity:

	Three Months Ended June 30,						Six Months Ended June 30,
(Expense)/benefit	2011			2010			2011			2010
Other changes in plan assets and benefit obligations	$	32		$	22		$	63		$	58
Income tax		(11	)		(6	)		(22	)		(20	)
Fuji Xerox changes in defined benefit plans(1)		(3	)		(3	)		(21	)		33
Currency, net		(4	)		11			(40	)		53
Other, net		—			(4	)		(2	)		(5	)
Net Change in Benefit Plans	$	14		$	20		$	(22	)	$	119

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(1)   Represents our share of Fuji Xerox’s changes.

Contributions: During the six months ended June 30, 2011, we made contributions of $123 and $39 to our defined benefit pension plans and our other post-retirement benefit plans, respectively. We presently anticipate contributing an additional $377 to our defined benefit pension plans and $48 to our other post-retirement benefit plans in 2011 for a total of $500 and $87, respectively.