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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 1,840 $ 2,625
Accounts receivable (net of allowance of $58 and $69, respectively) 818 883
Billed portion of finance receivables (net of allowance of $4 and $4, respectively) 94 99
Finance receivables, net 1,042 1,082
Inventories 696 843
Other current assets 211 251
Total current assets 4,701 5,783
Finance receivables due after one year (net of allowance of $114 and $129, respectively) 1,934 1,984
Equipment on operating leases, net 253 296
Land, buildings and equipment, net 358 407
Intangible assets, net 211 237
Goodwill 3,287 4,071
Deferred tax assets 519 508
Other long-term assets 1,960 1,455
Total Assets 13,223 14,741
Liabilities and Equity    
Short-term debt and current portion of long-term debt 650 394
Accounts payable 1,069 983
Accrued compensation and benefits costs 239 261
Accrued expenses and other current liabilities 871 840
Total current liabilities 2,829 2,478
Long-term debt 3,596 4,050
Pension and other benefit liabilities 1,373 1,566
Post-retirement medical benefits 277 340
Other long-term liabilities 481 497
Total Liabilities 8,556 8,931
Commitments and Contingencies (See Note 21)
Noncontrolling Interests (See Note 5) 10 0
Convertible Preferred Stock 214 214
Common stock 168 198
Additional paid-in capital 1,802 2,445
Treasury stock, at cost (177) 0
Retained earnings 5,631 6,281
Accumulated other comprehensive loss (2,988) (3,332)
Xerox Holdings shareholders’ equity 4,436 5,592
Noncontrolling interests 7 4
Total Equity 4,443 5,596
Total Liabilities and Equity $ 13,223 $ 14,741
Shares of common stock issued (in shares) 168,069 198,386
Treasury stock (in shares) (8,675) 0
Shares of common stock outstanding (in shares) 159,394 198,386