Earnings per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings per Share

Earnings per Share

(shares in thousands)

The following table sets forth the computation of basic and diluted earnings per share of common stock:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Basic Earnings per Share
Net Income Attributable to Xerox	$	181		$	112		$	314		$	135
Accrued dividends on preferred stock	(3		)	(3		)	(7		)	(7		)
Adjusted Net income available to common shareholders	$	178		$	109		$	307		$	128
Weighted average common shares outstanding	223,606			254,895			226,040			254,791
Basic Earnings per Share	$	0.79		$	0.42		$	1.36		$	0.50
Diluted Earnings per Share
Net Income Attributable to Xerox	$	181		$	112		$	314		$	135
Accrued dividends on preferred stock	—			(3		)	—			(7		)
Adjusted Net income available to common shareholders	$	181		$	109		$	314		$	128
Weighted average common shares outstanding	223,606			254,895			226,040			254,791
Common shares issuable with respect to:
Stock options	65			—			34			—
Restricted stock and performance shares	4,866			3,052			4,637			2,931
Convertible preferred stock	6,742			—			6,742			—
Adjusted Weighted average common shares outstanding	235,279			257,947			237,453			257,722
Diluted Earnings per Share	$	0.77		$	0.42		$	1.32		$	0.50
The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive:
Stock options	848			1,097			879			1,097
Restricted stock and performance shares	2,357			4,329			2,587			4,450
Convertible preferred stock	—			6,742			—			6,742
Total Anti-Dilutive Securities	3,205			12,168			3,466			12,289
Dividends per Common Share	$	0.25		$	0.25		$	0.50		$	0.50