Schedule II Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II Valuation and Qualifying Accounts

Xerox Holdings Corporation

Schedule II Valuation and Qualifying Accounts

Receivables - Allowance for doubtful accounts:

(in millions)	Balance at beginning of period		Additions charged to bad debt provision (1)		Amounts charged to other income statement accounts (1)		Deductions and other, net of recoveries (2)		Balance at end of period
Year Ended December 31, 2020
Accounts Receivable	$	55	$	35	$	—	$	(21)	$	69
Finance Receivables	89		81		—		(37)		133
	$	144	$	116	$	—	$	(58)	$	202
Year Ended December 31, 2019
Accounts Receivable	$	56	$	18	$	—	$	(19)	$	55
Finance Receivables	92		28		3		(34)		89
	$	148	$	46	$	3	$	(53)	$	144
Year Ended December 31, 2018
Accounts Receivable	$	59	$	12	$	2	$	(17)	$	56
Finance Receivables	108		24		2		(42)		92
	$	167	$	36	$	4	$	(59)	$	148

_____________

(1)Bad debt provisions relate to estimated losses due to credit and similar collectibility issues. Other charges (credits) relate to adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.

(2)Deductions and other, net of recoveries primarily relates to receivable write-offs, but also includes the impact of foreign currency translation adjustments and recoveries of previously written off receivables.

Deferred Tax Asset Valuation Allowances:

(in millions)	Balance at beginning of period		Additions charged to income tax expense	Amounts credited to other accounts (1)	Balance at end of period
Year Ended December 31, 2020	$	399	25	(28)	$	396
Year Ended December 31, 2019	$	397	16	(14)	$	399
Year Ended December 31, 2018	$	435	3	(41)	$	397

_____________

(1)Reflects other decreases to our valuation allowance, including the effects of currency. These did not affect Income tax expense in total as there was a corresponding adjustment to Deferred tax assets or Other comprehensive income.

Xerox Corporation

Schedule II Valuation and Qualifying Accounts

Receivables - Allowance for doubtful accounts:

(in millions)	Balance at beginning of period		Additions charged to bad debt provision (1)		Amounts charged to other income statement accounts (1)		Deductions and other, net of recoveries (2)		Balance at end of period
Year Ended December 31, 2020
Accounts Receivable	$	55	$	35	$	—	$	(21)	$	69
Finance Receivables	89		81		—		(37)		133
	$	144	$	116	$	—	$	(58)	$	202
Year Ended December 31, 2019
Accounts Receivable	$	56	$	18	$	—	$	(19)	$	55
Finance Receivables	92		28		3		(34)		89
	$	148	$	46	$	3	$	(53)	$	144
Year Ended December 31, 2018
Accounts Receivable	$	59	$	12	$	2	$	(17)	$	56
Finance Receivables	108		24		2		(42)		92
	$	167	$	36	$	4	$	(59)	$	148

_____________

(1)Bad debt provisions relate to estimated losses due to credit and similar collectibility issues. Other charges (credits) relate to adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.

(2)Deductions and other, net of recoveries primarily relates to receivable write-offs, but also includes the impact of foreign currency translation adjustments and recoveries of previously written off receivables.

Deferred Tax Asset Valuation Allowances:

(in millions)	Balance at beginning of period		Additions charged to income tax expense	Amounts credited to other accounts (1)	Balance at end of period
Year Ended December 31, 2020	$	399	25	(28)	$	396
Year Ended December 31, 2019	$	397	16	(14)	$	399
Year Ended December 31, 2018	$	435	3	(41)	$	397

_____________

(1)Reflects other decreases increases to our valuation allowance, including the effects of currency. These did not affect Income tax expense in total as there was a corresponding adjustment to Deferred tax assets or Other comprehensive income.