Supplementary Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental Financial Information [Abstract]

Other assets and liabilities

The components of Other assets and liabilities were as follows:

	December 31,
	2020		2019
Other Current Assets
Income taxes receivable	$	29	$	27
Royalties, license fees and software maintenance	21		25
Restricted cash	23		—
Prepaid expenses	31		29
Advances and deposits	34		30
Other	113		90
Total Other Current Assets	$	251	$	201
Other Long-term Assets
Income taxes receivable	$	7	$	9
Prepaid pension costs	617		451
Internal use software, net	118		122
Restricted cash	43		55
Customer contract costs, net	158		176
Operating lease right-of-use asset	310		319
Deferred compensation plan investments	18		19
Investments in affiliates, at equity(1)	47		46
Other	137		141
Total Other Long-term Assets	$	1,455	$	1,338
Accrued Expenses and Other Current Liabilities
Income taxes payable	$	7	$	7
Other taxes payable	68		79
Operating lease obligation	83		87
Financing lease obligation	2		2
Interest payable	56		38
Restructuring reserves	82		70
Restructuring related costs	21		37
Product warranties	5		6
Dividends payable(2)	59		66
Distributor and reseller rebates/commissions	123		167
Unearned income and other revenue deferrals	140		158
Administration and overhead	52		86
Other	142		181
Total Accrued Expenses and Other Current Liabilities(3)	$	840	$	984
Other Long-term Liabilities
Deferred taxes	$	35	$	37
Income taxes payable	57		64
Operating lease obligation	250		260
Finance lease obligation	7		5
Environmental reserves	9		9
Restructuring reserves	2		—
Other	137		137
Total Other Long-term Liabilities	$	497	$	512

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(1)Refer to Note 12 - Investments in Affiliates, at Equity for additional information.

(2)Represents dividends payable by Xerox Holdings Corporation on Common and Preferred Stock.

(3)Xerox's balance of $750 at December 31, 2020 excludes Interest Payable of $32 and Dividends Payable of $59. Xerox's balance of $918 at December 31, 2019 excludes Dividends Payable of $66.

Schedule of restricted cash

Cash, cash equivalents and restricted cash amounts were as follows:

	December 31,
	2020		2019
Cash and cash equivalents	$	2,625	$	2,740
Restricted cash
Litigation deposits in Brazil	42		55
Escrow and cash collections related to finance receivable sales(1)	22		—
Other restricted cash	2		—
Total Restricted Cash	66		55
Cash, cash equivalents and restricted cash	$	2,691	$	2,795

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(1)Represents collections on finance receivables pledged for secured borrowings that will be remitted to lenders in the following month.

Restricted cash balance sheet location

Restricted cash was reported in the Consolidated Balance Sheets as follows:

	December 31,
	2020		2019
Other current assets	$	23	$	—
Other long-term assets	43		55
Total Restricted cash	$	66	$	55

Pension and other benefit liabilities

Pension and Other Benefit Liabilities

	December 31,
	2020		2019
Pension liabilities(1)	$	1,474	$	1,616
Accrued compensation liabilities	70		69
Deferred compensation liabilities(2)	22		22
Pension and other benefit liabilities	$	1,566	$	1,707

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(1)Refer to Note 19 - Employee Benefit Plans for additional information regarding pension liabilities.

(2)As of December 31, 2020 and 2019, includes amounts measured at fair value on a recurring basis of $17 and $18, respectively. Refer to Note 18 - Fair Value of Financial Assets and Liabilities for additional information regarding deferred compensation liabilities.

Summarized cash flow information

Summarized cash flow information is as follows:

	Year Ended December 31,
	2020		2019		2018
Provision for receivables	$	116	$	49	$	40
Provision for inventory	31		24		30
Provision for product warranty	8		12		14
Depreciation of buildings and equipment	87		101		148
Depreciation and obsolescence of equipment on operating leases	183		225		249
Amortization of internal use software	42		59		81
Amortization of acquired intangible assets	56		45		48
Amortization of customer contract costs(1)	85		93		100
Cost of additions to land, buildings and equipment	44		41		55
Cost of additions to internal use software	30		24		35
Common stock dividends - Xerox Holdings	216		229		255
Preferred stock dividends - Xerox Holdings	14		14		14
Payments to noncontrolling interests	3		14		17
Repurchases related to stock-based compensation - Xerox Holdings	19		28		9

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(1)Amortization of customer contract costs is reported in Decrease (increase) in other current and long-term assets on the Consolidated Statements of Cash Flows. Refer to Note 2 - Revenue - Contract Costs for additional information.