Earnings per Share

12 Months Ended

Dec. 31, 2019

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 Xerox Holdings' common stock (shares in thousands):

	Year Ended December 31,
	2019			2018			2017
Basic Earnings per Share:
Net Income from continuing operations attributable to Xerox Holdings	$	648		$	306		$	66
Accrued dividends on preferred stock	(14		)	(14		)	(14		)
Adjusted Net income from continuing operations available to common shareholders	634			292			52
Income from discontinued operations attributable to Xerox Holdings, net of tax	705			55			129
Adjusted Net income available to common shareholders	$	1,339		$	347		$	181
Weighted-average common shares outstanding	221,969			248,707			254,341
Basic Earnings per Share:
Continuing operations	$	2.86		$	1.17		$	0.20
Discontinued operations	3.17			0.23			0.51
Basic Earnings per Share	$	6.03		$	1.40		$	0.71
Diluted Earnings per Share:
Net Income from continuing operations attributable to Xerox Holdings	$	648		$	306		$	66
Accrued dividends on preferred stock	—			(14		)	(14		)
Adjusted Net income from continuing operations available to common shareholders	648			292			52
Income from discontinued operations attributable to Xerox Holdings, net of tax	705			55			129
Adjusted Net income available to common shareholders	$	1,353		$	347		$	181
Weighted-average common shares outstanding	221,969			248,707			254,341
Common shares issuable with respect to:
Stock options	55			—			—
Restricted stock and performance shares	4,403			2,953			2,229
Convertible preferred stock	6,742			—			—
Adjusted Weighted average common shares outstanding	233,169			251,660			256,570
Diluted Earnings per Share:
Continuing operations	$	2.78		$	1.16		$	0.20
Discontinued operations	3.02			0.22			0.51
Diluted Earnings per Share	$	5.80		$	1.38		$	0.71
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 (shares in thousands):
Stock options	805			1,022			—
Restricted stock and performance shares	1,272			3,068			3,706
Convertible preferred stock	—			6,742			6,742
Total Anti-Dilutive Securities	2,077			10,832			10,448
Dividends per Common Share	$	1.00		$	1.00		$	1.00