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Shareholders' Equity of Xerox Holdings (Tables)
 9 Months Ended
Sep. 30, 2021
Stockholders' Equity Note [Abstract]  
Shareholder's Equity of Xerox
The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.
Common
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon-controlling Interests
Total
Equity
Balance at June 30, 2021$189 $2,214 $(159)$6,308 $(3,265)$5,287 $8 $5,295 
Comprehensive income (loss), net— — — 90 (70)20 (1)19 
Cash dividends declared - common(3)
— — — (46)— (46)— (46)
Cash dividends declared - preferred(4)
— — — (4)— (4)— (4)
Stock option and incentive plans, net— 14 — — — 14 — 14 
Payments to acquire treasury stock, including fees— — (87)— — (87)— (87)
Cancellation of treasury stock(7)(152)159 — — — — — 
Other— 4 — — — 4 — 4 
Balance at September 30, 2021
$182 $2,080 $(87)$6,348 $(3,335)$5,188 $7 $5,195 
Common
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
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(3)
— — — (51)— (51)— (51)
Cash dividends declared - preferred(4)
— — — (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
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-controlling
Interests
Total
Equity
Balance at December 31, 2020$198 $2,445 $— $6,281 $(3,332)$5,592 $4 $5,596 
Comprehensive income (loss), net— — — 220 (3)217 (1)216 
Cash dividends declared - common(3)
— — — (142)— (142)— (142)
Cash dividends declared - preferred(4)
— — — (11)— (11)— (11)
Stock option and incentive plans, net1 30 — — — 31 — 31 
Payments to acquire treasury stock, including fees— — (500)— — (500)— (500)
Cancellation of treasury stock(17)(396)413 — — — — — 
Investment from noncontrolling interests(5)
— 1 — — — 1 4 5 
Balance at September 30, 2021
$182 $2,080 $(87)$6,348 $(3,335)$5,188 $7 $5,195 
Common
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
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(3)
— — — (158)— (158)— (158)
Cash dividends declared - preferred(4)
— — — (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 
_____________
(1)Common Stock has a par value of $1 per share.
(2)Refer to Note 18 - Other Comprehensive (Loss) Income for the components of AOCL.
(3)Cash dividends declared on common stock for the three and nine months ended September 30, 2021 and 2020 were $0.25 per share, respectively, and $0.75 per share, respectively.
(4)Cash dividends declared on preferred stock for the three and nine months ended September 30, 2021 and 2020 were $20.00 per share, respectively, and $60.00 per share, respectively.
(5)Refer to Note 5 - Acquisitions and Investments for additional information regarding this noncontrolling investment.
Summary of Treasury Stock Purchases
The following is a summary of the purchases of Common Stock during 2021:
SharesAmount
Balance at December 31, 2020— $— 
Purchases(1)
20,798 500 
Cancellations(17,067)(413)
Balance at September 30, 2021
3,731 $87 
_____________
(1)Includes associated fees.