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Shareholders' Equity of Xerox Holdings (Tables)
 9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.

Common StockAdditional Paid-in CapitalTreasury StockRetained Earnings
AOCL(1)
Xerox Holdings Shareholders’ EquityNon-controlling Interests
Total
Equity
Balance at June 30, 2020$213 $2,722 $— $6,223 $(3,681)$5,477 $4 $5,481 
Comprehensive income, net— — — 90 88 178 — 178 
Cash dividends declared - common(2)
— — — (51)— (51)— (51)
Cash dividends declared - preferred(3)
— — — (4)— (4)— (4)
Stock option and incentive plans, net1 (3)— — — (2)— (2)
Payments to acquire treasury stock, including fees— — (150)— — (150)— (150)
Balance at September 30, 2020$214 $2,719 $(150)$6,258 $(3,593)$5,448 $4 $5,452 

Common StockAdditional Paid-in CapitalTreasury StockRetained Earnings
AOCL(1)
Xerox Holdings Shareholders’ EquityNon- controlling Interests
Total
Equity
Balance at June 30, 2019$225 $3,124 $(131)$5,391 $(3,647)$4,962 $30 $4,992 
Comprehensive income (loss), net— — — 221 (203)18 2 20 
Cash dividends declared - common(2)
— — — (56)— (56)— (56)
Cash dividends declared - preferred(3)
— — — (4)— (4)— (4)
Stock option and incentive plans, net— 3 — — — 3 — 3 
Payments to acquire treasury stock, including fees— — (68)— — (68)— (68)
Cancellation of treasury stock(4)(127)131 — — — — — 
Distributions to noncontrolling interests— — — — — — (1)(1)
Balance at September 30, 2019$221 $3,000 $(68)$5,552 $(3,850)$4,855 $31 $4,886 
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 income, net— — — 115 53 168 — 168 
Cash dividends declared - common(2)
— — — (158)— (158)— (158)
Cash dividends declared - preferred(3)
— — — (11)— (11)— (11)
Stock option and incentive plans, net1 11 — — — 12 — 12 
Payments to acquire treasury stock, including fees— — (150)— — (150)— (150)
Cancellation of treasury stock(2)(74)76 — — — — — 
Distributions to noncontrolling interests— — — — — — (3)(3)
Balance at September 30, 2020$214 $2,719 $(150)$6,258 $(3,593)$5,448 $4 $5,452 
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 (loss), net— — — 535 (158)377 8 385 
Cash dividends declared - common(2)
— — — (171)— (171)— (171)
Cash dividends declared - preferred(3)
— — — (11)— (11)— (11)
Stock option and incentive plans, net— 23 — — — 23 — 23 
Payments to acquire treasury stock, including fees— — (368)— — (368)— (368)
Cancellation of treasury stock(11)(344)355 — — — — — 
Distributions to noncontrolling interests— — — — — — (11)(11)
Balance at September 30, 2019$221 $3,000 $(68)$5,552 $(3,850)$4,855 $31 $4,886 
_____________
(1)Refer to Note 19 - Other Comprehensive Income (Loss) for the components of AOCL.
(2)Cash dividends declared on common stock for the three and nine months ended September 30, 2020 and 2019 were $0.25 per share and $0.75 per share, respectively.
(3)Cash dividends declared on preferred stock for the three and nine months ended September 30, 2020 and 2019 were $20.00 per share and $60.00 per share, respectively.
Summary of Treasury Stock Purchases
The following is a summary of the purchases of common stock during 2020:
SharesAmount
Balance at December 31, 20192,031 $76 
Purchases(1)
8,007 150 
Cancellations(2,031)(76)
Balance at September 30, 20208,007 $150 
_____________
(1)Includes associated fees.