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Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Total Revenues $ 7,038 $ 7,022 $ 9,066
Costs and Expenses      
Cost of financing 111 121 131
Research, development and engineering expenses 310 311 373
Selling, administrative and general expenses 1,718 1,851 2,085
Goodwill impairment 781 0 0
Restructuring and related costs, net 38 93 229
Amortization of acquired intangible assets 55 56 45
Transaction and related costs, net 0 18 12
Other expenses, net (24) 45 84
Total Costs and Expenses 7,513 6,770 8,244
Income before Income Taxes and Equity (Loss) Income (475) 252 822
Income tax (benefit) expense (17) 64 179
Equity in net income of unconsolidated affiliates 3 4 8
(Loss) Income from Continuing Operations (455) 192 651
Income from discontinued operations, net of tax 0 0 710
Net (Loss) Income (455) 192 1,361
Less: Income from continuing operations attributable to noncontrolling interests 0 0 3
Less: Income from discontinued operations attributable to noncontrolling interests 0 0 5
Net (Loss) Income Attributable to Xerox Holdings (455) 192 1,353
(Loss) Income from continuing operations (455) 192 648
Income from discontinued operations $ 0 $ 0 $ 705
Basic (Loss) Earnings per Share:      
Continuing operations (in dollars per share) $ (2.56) $ 0.85 $ 2.86
Discontinued operations (in dollars per share) 0 0 3.17
Total Basic (Loss) Earnings Per Share (in dollars per share) (2.56) 0.85 6.03
Diluted (Loss) Earnings per Share:      
Continuing operations (in dollars per share) (2.56) 0.84 2.78
Discontinued operations (in dollars per share) 0 0 3.02
Total Diluted (Loss) Earnings per Share (in dollars per share) $ (2.56) $ 0.84 $ 5.80
Sales      
Revenues      
Total Revenues $ 2,582 $ 2,449 $ 3,227
Costs and Expenses      
Cost of goods and services sold 1,862 1,742 2,097
Services, maintenance and rentals      
Revenues      
Total Revenues 4,235 4,347 5,595
Costs and Expenses      
Cost of goods and services sold 2,662 2,533 3,188
Financing      
Revenues      
Total Revenues $ 221 $ 226 $ 244