Earnings per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands):

	Year Ended December 31,
	2011			2010			2009
Basic Earnings per Share:
Net income attributable to Xerox	$	1,295		$	606		$	485
Accrued dividends on preferred stock	(24		)	(21		)	—
Adjusted Net Income Available to Common Shareholders	$	1,271		$	585		$	485
Weighted-average common shares outstanding	1,388,096			1,323,431			869,979
Basic Earnings per Share	$	0.92		$	0.44		$	0.56
Diluted Earnings per Share:
Net income attributable to Xerox	$	1,295		$	606		$	485
Accrued dividends on preferred stock	—			(21		)	—
Interest on Convertible Securities, net	1			—			1
Adjusted Net Income Available to Common Shareholders	$	1,296		$	585		$	486
Weighted-average common shares outstanding	1,388,096			1,323,431			869,979
Common shares issuable with respect to:
Stock options	9,727			13,497			462
Restricted stock and performance shares	16,993			13,800			7,087
Convertible preferred stock	26,966			—			—
Convertible securities	1,992			—			1,992
Adjusted Weighted Average Common Shares Outstanding	1,443,774			1,350,728			879,520
Diluted Earnings per Share	$	0.90		$	0.43		$	0.55
The following securities were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:
Stock options	40,343			57,541			27,901
Restricted stock and performance shares	26,018			25,983			22,574
Convertible preferred stock	—			26,966			—
Convertible securities	—			1,992			—
	66,361			112,482			50,475
Dividends per common share	$	0.17		$	0.17		$	0.17