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Consolidated Balance Sheets - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 2,625 $ 2,740
Accounts receivable (net of allowance of $69 and $55, respectively) [1] 883 1,236
Billed portion of finance receivables (net of allowance of $4 and $3, respectively) [1] 99 111
Finance receivables, net 1,082 1,158
Inventories 843 694
Other current assets 251 201
Total current assets 5,783 6,140
Finance receivables due after one year (net of allowance of $129 and $86, respectively) [1] 1,984 2,082
Equipment on operating leases, net 296 364
Land, buildings and equipment, net 407 426
Intangible assets, net 237 199
Goodwill 4,071 3,900
Deferred tax assets 508 598
Other long-term assets 1,455 1,338
Total Assets 14,741 15,047
Liabilities and Equity    
Short-term debt and current portion of long-term debt 394 1,049
Accounts payable 983 1,053
Accrued compensation and benefits costs 261 349
Accrued expenses and other current liabilities 840 984
Total current liabilities 2,478 3,435
Long-term debt 4,050 3,233
Pension and other benefit liabilities 1,566 1,707
Post-retirement medical benefits 340 352
Other long-term liabilities 497 512
Total Liabilities 8,931 9,239
Commitments and Contingencies (See Note 21)
Convertible Preferred Stock 214 214
Common stock 198 215
Additional paid-in capital 2,445 2,782
Treasury stock, at cost 0 (76)
Retained earnings 6,281 6,312
Accumulated other comprehensive loss (3,332) (3,646)
Xerox Holdings/Xerox shareholders’ equity 5,592 5,587
Noncontrolling interests 4 7
Total Equity 5,596 5,594
Total Liabilities and Equity $ 14,741 $ 15,047
Share of common stock issued 198,386,000 214,621,000
Treasure stock (shares) 0 (2,031,000)
Shares of common stock outstanding 198,386,000 212,590,000
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member  
Xerox Corporation    
Assets    
Cash and cash equivalents $ 2,625 $ 2,740
Accounts receivable (net of allowance of $69 and $55, respectively) [2] 883 1,236
Billed portion of finance receivables (net of allowance of $4 and $3, respectively) [2] 99 111
Finance receivables, net 1,082 1,158
Inventories 843 694
Other current assets 251 201
Total current assets 5,783 6,140
Finance receivables due after one year (net of allowance of $129 and $86, respectively) 1,984 2,082
Equipment on operating leases, net 296 364
Land, buildings and equipment, net 407 426
Intangible assets, net 229 199
Goodwill 4,068 3,900
Deferred tax assets 508 598
Other long-term assets 1,455 1,338
Total Assets 14,730 15,047
Liabilities and Equity    
Short-term debt and current portion of long-term debt 394 1,049
Accounts payable 983 1,053
Accrued compensation and benefits costs 261 349
Accrued expenses and other current liabilities 750 918
Total current liabilities 2,388 3,369
Long-term debt 2,557 3,233
Pension and other benefit liabilities 1,566 1,707
Post-retirement medical benefits 340 352
Other long-term liabilities 494 512
Total Liabilities 7,345 9,173
Commitments and Contingencies (See Note 21)
Additional paid-in capital 4,879 3,266
Retained earnings 5,834 6,247
Accumulated other comprehensive loss (3,332) (3,646)
Xerox Holdings/Xerox shareholders’ equity 7,381 5,867
Noncontrolling interests 4 7
Total Equity 7,385 5,874
Total Liabilities and Equity $ 14,730 $ 15,047
Share of common stock issued 100  
Shares of common stock outstanding 100  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member  
[1] Allowances at December 31, 2020 determined in accordance with ASU 2016-13 adopted effective January 1, 2020. Refer to Notes 1, 7 and 8 for additional information.
[2] Allowances at December 31, 2020 determined in accordance with ASU 2016-13 adopted effective January 1, 2020. Refer to Notes 1, 7 and 8 for additional information.