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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues        
Sales $ 1,720 $ 1,791 $ 3,391 $ 3,469
Service, outsourcing and rentals 3,731 3,553 7,363 6,423
Finance income 163 164 325 337
Total Revenues 5,614 5,508 11,079 10,229
Costs and Expenses        
Cost of sales 1,139 1,172 2,229 2,254
Cost of service, outsourcing and rentals 2,538 2,359 5,052 4,230
Equipment financing interest 60 61 120 125
Research, development and engineering expenses 175 194 359 399
Selling, administrative and general expenses 1,119 1,163 2,238 2,262
Restructuring and asset impairment charges (9) 11 (24) 206
Acquisition-related costs 0 15 0 63
Amortization of intangible assets 87 85 172 142
Other expenses, net 104 128 182 238
Total Costs and Expenses 5,213 5,188 10,328 9,919
Income before Income Taxes and Equity Income 401 320 751 310
Income tax expense 108 112 203 134
Equity in net income of unconsolidated affiliates 34 28 68 26
Net Income 327 236 616 202
Less: Net income attributable to noncontrolling interests 8 9 16 17
Net Income Attributable to Xerox $ 319 $ 227 $ 600 $ 185
Basic Earnings per Share $ 0.22 $ 0.16 $ 0.42 $ 0.14
Diluted Earnings per Share $ 0.22 $ 0.16 $ 0.41 $ 0.14