Earnings per Share

3 Months Ended

Mar. 31, 2012

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):

	Three Months Ended March 31,
	2012			2011
Basic Earnings per Share:
Net income attributable to Xerox	$	269		$	281
Accrued dividends on preferred stock	(6		)	(6		)
Adjusted Net Income Available to Common Shareholders	$	263		$	275
Weighted-average common shares outstanding	1,337,397			1,400,077
Basic Earnings per Share	$	0.20		$	0.20
Diluted Earnings per Share:
Net income attributable to Xerox	$	269		$	281
Accrued dividends on preferred stock	(6		)	(6		)
Adjusted Net Income Available to Common Shareholders	$	263		$	275
Weighted-average common shares outstanding	1,337,397			1,400,077
Common shares issuable with respect to:
Stock options	7,143			13,570
Restricted stock and performance shares	22,349			20,284
Convertible securities	1,992			1,992
Adjusted Weighted Average Common Shares Outstanding	1,368,881			1,435,923
Diluted Earnings per Share	$	0.19		$	0.19
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	41,543			54,486
Restricted stock and performance shares	20,466			18,988
Convertible preferred stock	26,966			26,966
	88,975			100,440
Dividends per common share	$	0.0425		$	0.0425