Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Basic and Diluted Earnings per Share

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Basic Earnings per Share
Net Income Attributable to Xerox Holdings	$	221		$	89		$	535		$	224
Accrued dividends on preferred stock	(4		)	(4		)	(11		)	(11		)
Adjusted Net income available to common shareholders	$	217		$	85		$	524		$	213
Weighted average common shares outstanding	220,269			251,290			224,257			253,360
Basic Earnings per Share	$	0.99		$	0.34		$	2.34		$	0.84
Diluted Earnings per Share
Net Income Attributable to Xerox Holdings	$	221		$	89		$	535		$	224
Accrued dividends on preferred stock	—			(4		)	—			(11		)
Adjusted Net income available to common shareholders	$	221		$	85		$	535		$	213
Weighted average common shares outstanding	220,269			251,290			224,257			253,360
Common shares issuable with respect to:
Stock options	42			—			37			—
Restricted stock and performance shares	4,014			2,763			4,429			2,875
Convertible preferred stock	6,742			—			6,742			—
Adjusted Weighted average common shares outstanding	231,067			254,053			235,465			256,235
Diluted Earnings per Share	$	0.96		$	0.34		$	2.27		$	0.83
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	841			1,052			847			1,052
Restricted stock and performance shares	2,358			3,529			1,944			3,417
Convertible preferred stock	—			6,742			—			6,742
Total Anti-Dilutive Securities	3,199			11,323			2,791			11,211
Dividends per Common Share	$	0.25		$	0.25		$	0.75		$	0.75