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Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues    
Sales $ 1,588 $ 1,671
Service, outsourcing and rentals 3,767 3,632
Finance income 148 162
Total Revenues 5,503 5,465
Costs and Expenses    
Cost of sales 1,052 1,090
Cost of service, outsourcing and rentals 2,690 2,514
Equipment financing interest 53 60
Research, development and engineering expenses 173 184
Selling, administrative and general expenses 1,068 1,119
Restructuring and asset impairment charges 17 (15)
Amortization of intangible assets 82 85
Other expenses, net 55 78
Total Costs and Expenses 5,190 5,115
Income before Income Taxes and Equity Income 313 350
Income tax expense 77 95
Equity in net income of unconsolidated affiliates 40 34
Net Income 276 289
Less: Net income attributable to noncontrolling interests 7 8
Net Income Attributable to Xerox $ 269 $ 281
Basic Earnings per Share (in dollars per share) $ 0.20 $ 0.20
Diluted Earnings per Share (in dollars per share) $ 0.19 $ 0.19