Shareholders' Equity of Xerox Holdings (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.

	Common Stock		Additional Paid-in Capital		Treasury Stock		Retained Earnings		AOCL(1)		Xerox Holdings Shareholders’ Equity		Non-controlling Interests		Total Equity
Balance at December 31, 2019	$	215	$	2,782	$	(76)	$	6,312	$	(3,646)	$	5,587	$	7	$	5,594
Comprehensive loss, net	—		—		—		(2)		(138)		(140)		—		(140)
Cash dividends declared - common(2)	—		—		—		(54)		—		(54)		—		(54)
Cash dividends declared - preferred(3)	—		—		—		(4)		—		(4)		—		(4)
Stock option and incentive plans, net	—		4		—		—		—		4		—		4
Cancellation of treasury stock	(2)		(74)		76		—		—		—		—		—
Balance at March 31, 2020	$	213	$	2,712	$	—	$	6,252	$	(3,784)	$	5,393	$	7	$	5,400

	Common Stock		Additional Paid-in Capital		Treasury Stock		Retained Earnings		AOCL(1)		Xerox Holdings Shareholders’ Equity		Non- controlling Interests		Total Equity
Balance at December 31, 2018	$	232	$	3,321	$	(55)	$	5,072	$	(3,565)	$	5,005	$	34	$	5,039
Cumulative effect of change in accounting principle	—		—		—		127		(127)		—		—		—
Comprehensive income, net	—		—		—		133		40		173		3		176
Cash dividends declared - common(2)	—		—		—		(58)		—		(58)		—		(58)
Cash dividends declared - preferred(3)	—		—		—		(4)		—		(4)		—		(4)
Stock option and incentive plans, net	—		14		—		—		—		14		—		14
Payments to acquire treasury stock, including fees	—		—		(103)		—		—		(103)		—		(103)
Cancellation of treasury stock	(2)		(53)		55		—		—		—		—		—
Distributions to noncontrolling interests	—		—		—		—		—		—		(1)		(1)
Balance at March 31, 2019	$	230	$	3,282	$	(103)	$	5,270	$	(3,652)	$	5,027	$	36	$	5,063

_____________

(1)Refer to Note 19 - Other Comprehensive (Loss) Income for the components of AOCL.

(2)Cash dividends declared on common stock for the three months ended March 31, 2020 and 2019 were $0.25 per share.

(3)Cash dividends declared on preferred stock for the three months ended March 31, 2020 and 2019 were $20.00 per share.

Summary of Treasury Stock Purchases

The following is a summary of the purchases of common stock during 2020:

	Shares	Amount
Balance at December 31, 2019	2,031	$	76
Purchases(1)	—	—
Cancellations	(2,031)	(76)
Balance at March 31, 2020	—	$	—

_____________

(1)Includes associated fees.