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Condensed Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total Revenues $ 1,860 $ 2,180
Costs and Expenses    
Cost of financing 30 32
Research, development and engineering expenses 84 92
Selling, administrative and general expenses 541 546
Restructuring and related costs 41 112
Amortization of intangible assets 11 15
Transaction and related costs, net 17 0
Other expenses, net 23 39
Total Costs and Expenses 1,865 2,107
(Loss) Income before Income Taxes and Equity Income (5) 73
Income tax benefit (1) (10)
Equity in net income of unconsolidated affiliates 2 2
(Loss) Income from Continuing Operations (2) 85
Income from discontinued operations, net of tax 0 51
Net (Loss) Income (2) 136
Less: Income from continuing operations attributable to noncontrolling interests 0 1
Less: Income from discontinued operations attributable to noncontrolling interests 0 2
Net (Loss) Income Attributable to Xerox Holdings/Xerox (2) 133
(Loss) Income from continuing operations (2) 84
Income from discontinued operations $ 0 $ 49
Basic Earnings per Share:    
Basic (loss) earnings per share, continuing operations (USD per share) $ (0.03) $ 0.35
Basic (loss) earnings per share, discontinued operations (USD per share) 0 0.22
Basic (loss) earnings per share (USD per share) (0.03) 0.57
Diluted Earnings per Share:    
Diluted (loss) earnings per share, continuing operations (USD per share) (0.03) 0.34
Diluted (loss) earnings per share, discontinued operations (USD per share) 0 0.21
Diluted (loss) earnings per share (USD per share) $ (0.03) $ 0.55
XEROX CORPORATION    
Revenues    
Total Revenues $ 1,860 $ 2,180
Costs and Expenses    
Cost of financing 30 32
Research, development and engineering expenses 84 92
Selling, administrative and general expenses 541 546
Restructuring and related costs 41 112
Amortization of intangible assets 11 15
Transaction and related costs, net 17 0
Other expenses, net 23 39
Total Costs and Expenses 1,865 2,107
(Loss) Income before Income Taxes and Equity Income (5) 73
Income tax benefit (1) (10)
Equity in net income of unconsolidated affiliates 2 2
(Loss) Income from Continuing Operations (2) 85
Income from discontinued operations, net of tax 0 51
Net (Loss) Income (2) 136
Less: Income from continuing operations attributable to noncontrolling interests 0 1
Less: Income from discontinued operations attributable to noncontrolling interests 0 2
Net (Loss) Income Attributable to Xerox Holdings/Xerox (2) 133
(Loss) Income from continuing operations (2) 84
Income from discontinued operations 0 49
Sales    
Revenues    
Total Revenues 565 724
Costs and Expenses    
Cost of sales and services 387 450
Sales | XEROX CORPORATION    
Revenues    
Total Revenues 565 724
Costs and Expenses    
Cost of sales and services 387 450
Services, maintenance and rentals    
Revenues    
Total Revenues 1,236 1,393
Costs and Expenses    
Cost of sales and services 731 821
Services, maintenance and rentals | XEROX CORPORATION    
Revenues    
Total Revenues 1,236 1,393
Costs and Expenses    
Cost of sales and services 731 821
Financing    
Revenues    
Total Revenues 59 63
Financing | XEROX CORPORATION    
Revenues    
Total Revenues $ 59 $ 63