Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2011

Stockholders' Equity Note [Abstract]



	Common Stock		Additional Paid-in Capital			Treasury Stock			Retained Earnings			AOCL			Xerox Shareholders’ Equity			Non- controlling Interests			Total Equity
Balance at December 31, 2010	$	1,398	$	6,580		$	—		$	6,016		$	(1,988	)	$	12,006		$	153		$	12,159
Net income	—		—			—			920			—			920			25			945
Translation adjustments	—		—			—			—			67			67			—			67
Changes in benefit plans⁽¹⁾	—		—			—			—			22			22			—			22
Other unrealized gains, net	—		—			—			—			13			13			—			13
Comprehensive Income															$	1,022		$	25		$	1,047
Cash dividends declared-common stock⁽³⁾	—		—			—			(182		)	—			(182		)	—			(182		)
Cash dividends declared-preferred stock⁽⁴⁾	—		—			—			(18		)	—			(18		)	—			(18		)
Contribution of common stock to U.S. pension plan	17		113			—			—			—			130			—			130
Stock option and incentive plans	10		97			—			—			—			107			—			107
Tax loss on stock option and incentive plans, net	—		(2		)	—			—			—			(2		)	—			(2		)
Payments to acquire treasury stock, including fees	—		—			(309		)	—			—			(309		)	—			(309		)
Distributions to noncontrolling interests	—		—			—			—			—			—			(13		)	(13		)
Other	—		—			—			—			—			—			1			1
Balance at September 30, 2011	$	1,425	$	6,788		$	(309	)	$	6,736		$	(1,886	)	$	12,754		$	166		$	12,920



	Common Stock		Additional Paid-in Capital			Retained Earnings			AOCL			Xerox Shareholders’ Equity			Non- controlling Interests			Total Equity
Balance at December 31, 2009	$	871	$	2,493		$	5,674		$	(1,988	)	$	7,050		$	141		$	7,191
Net income	—		—			435			—			435			23			458
Translation adjustments	—		—			—			15			15			—			15
Changes in benefit plans⁽¹⁾	—		—			—			100			100			—			100
Other unrealized gains, net	—		—			—			2			2			—			2
Comprehensive Income												$	552		$	23		$	575
ACS Acquisition⁽²⁾	490		3,825			—			—			4,315			—			4,315
Cash dividends declared-common stock⁽³⁾	—		—			(182		)	—			(182		)	—			(182		)
Cash dividends declared-preferred stock⁽⁴⁾	—		—			(15		)	—			(15		)	—			(15		)
Stock option and incentive plans	27		167			—			—			194			—			194
Tax loss on stock option and incentive plans, net	—		(6		)	—			—			(6		)	—			(6		)
Distributions to noncontrolling interests	—		—			—			—			—			(16		)	(16		)
Balance at September 30, 2010	$	1,388	$	6,479		$	5,912		$	(1,871	)	$	11,908		$	148		$	12,056

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(1)	Refer to Note 13, Employee Benefit Plans for additional information.


(2)	Refer to Note 4 – Acquisitions for additional information.


(3)	Cash dividends declared on common stock of $0.0425 per share in each quarter of 2011 and 2010.


(4)	Cash dividends declared on preferred stock of $20.00 per share in each quarter of 2011 and 2010 except the first quarter of 2010 which was $12.22 per share.

Comprehensive Income



	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011		2010
Net income attributable to Xerox	$	320		$	250		$	920	$	435
Translation adjustments	(383		)	559			67		15
Changes in benefit plans	44			(19		)	22		100
Other unrealized gains (losses), net	28			(8		)	13		2
Comprehensive Income – Xerox	9			782			1,022		552
Net income attributable to noncontrolling interests	9			6			25		23
Translation adjustments – noncontrolling interests	—			1			—		—
Comprehensive Income – Noncontrolling Interests	9			7			25		23
Total Comprehensive Income	$	18		$	789		$	1,047	$	575

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss (“AOCL”)



	September 30, 2011			December 31, 2010
Cumulative translation adjustments	$	(768	)	$	(835	)
Benefit plans net actuarial losses and prior service credits⁽¹⁾	(1,145		)	(1,167		)
Other unrealized gains, net	27			14
Total Accumulated Other Comprehensive Loss	$	(1,886	)	$	(1,988	)

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(1)	Includes our share of Fuji Xerox – refer to Note 13 for additional information.

Treasury Stock

The following is a summary of the purchases of common stock made during the nine months ending September 30, 2011 under our authorized stock repurchase programs (shares in thousands):



	Shares	Amount
December 31, 2010	—	$	—
Purchases⁽¹⁾	37,712	309
Cancellations	—	—
September 30, 2011	37,712	$	309

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(1)	Includes associated fees of $1.