Investment in Affiliates, at Equity (Tables)

3 Months Ended

Mar. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Equity in net income (loss) of unconsolidated affiliates

Our equity in net income of our unconsolidated affiliates was as follows:

	Three Months Ended March 31,
	2012		2011
Fuji Xerox	$	37	$	31
Other investments	3		3
Total Equity in Net Income of Unconsolidated Affiliates	$	40	$	34

Condensed financial data of Fuji Xerox

Condensed financial data of Fuji Xerox was as follows:

	Three Months Ended March 31,
	2012		2011
Summary of Operations:
Revenues	$	3,330	$	3,092
Costs and expenses	3,084		2,897
Income before income taxes	246		195
Income tax expense	97		60
Net Income	149		135
Less: Net income – noncontrolling interests	1		1
Net Income – Fuji Xerox	$	148	$	134
Weighted Average Rate(1)	79.72		82.12

_____________________________

(1) Represents Yen/U.S. Dollar exchange rate used to translate.