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Supplementary Financial Information (Tables)
 12 Months Ended
Dec. 31, 2021
Supplemental Financial Information [Abstract]  
Other assets and liabilities
The components of Other assets and liabilities are as follows:
December 31,
20212020
Other Current Assets  
Income taxes receivable$11 $29 
Royalties, license fees and software maintenance23 21 
Restricted cash33 23 
Prepaid expenses30 31 
Advances and deposits32 34 
Other82 113 
Total Other Current Assets$211 $251 
Other Long-term Assets  
Income taxes receivable$8 $7 
Prepaid pension costs 1,211 617 
Internal use software, net120 118 
Restricted cash36 43 
Customer contract costs, net147 158 
Operating lease right-of-use assets264 310 
Deferred compensation plan investments18 18 
Investments in affiliates, at equity(1)
45 47 
Investments at cost - Xerox Holdings8 — 
Other103 137 
Total Other Long-term Assets(2)
$1,960 $1,455 
Accrued Expenses and Other Current Liabilities  
Income taxes payable$30 $7 
Other taxes payable69 68 
Operating lease obligations79 83 
Financing lease obligations2 2 
Interest payable53 56 
Restructuring reserves26 82 
Restructuring related costs18 21 
Product warranties5 5 
Dividends payable(3)
48 59 
Distributor and reseller rebates/commissions112 123 
Unearned income and other revenue deferrals194 140 
Administration and overhead57 52 
Other178 142 
Total Accrued Expenses and Other Current Liabilities(4)
$871 $840 
Other Long-term Liabilities  
Deferred taxes $108 $35 
Income taxes payable40 57 
Operating lease obligations204 250 
Finance lease obligations5 7 
Environmental reserves9 9 
Restructuring reserves1 2 
Other114 137 
Total Other Long-term Liabilities$481 $497 
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(1)Refer to Note 12 - Investments in Affiliates, at Equity for additional information.
(2)Xerox's balance of 1,952 at December 31, 2021 excludes Investments at cost.
(3)Represents dividends payable by Xerox Holdings Corporation on Common and Preferred Stock.
(4)Xerox's balance of $823 at December 31, 2021 excludes Dividends Payable of $48. Xerox's balance of $749 at December 31, 2020 excludes Interest Payable of $32 and Dividends Payable of $59.
Schedule of restricted cash Cash, cash equivalents and restricted cash amounts are as follows:
December 31,
 20212020
Cash and cash equivalents$1,840 $2,625 
Restricted cash
Litigation deposits in Brazil34 42 
Escrow and cash collections related to secured borrowing arrangements(1)
32 22 
Other restricted cash3 2 
Total Restricted Cash69 66 
Cash, cash equivalents and restricted cash$1,909 $2,691 
__________________________
(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 is reported in the Consolidated Balance Sheets as follows:
December 31,
20212020
Other current assets$33 $23 
Other long-term assets36 43 
Total Restricted cash$69 $66 
Pension and other benefit liabilities
Pension and Other Benefit Liabilities
December 31,
20212020
Pension liabilities(1)
$1,285 $1,474 
Accrued compensation liabilities66 70 
Deferred compensation liabilities(2)
22 22 
Pension and other benefit liabilities$1,373 $1,566 
__________________________
(1)Refer to Note 19 - Employee Benefit Plans for additional information regarding pension liabilities.
(2)Includes amounts measured at fair value on a recurring basis at December 31, 2021 and 2020 of $18 and $17, 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,
202120202019
Provision for receivables$12 $116 $49 
Provision for inventories34 31 24 
Provision for product warranties8 8 12 
Depreciation of buildings and equipment76 87 101 
Depreciation and obsolescence of equipment on operating leases155 183 225 
Amortization of internal use software41 42 59 
Amortization of acquired intangible assets55 56 45 
Amortization of customer contract costs(1)
79 85 93 
Cost of additions to land, buildings and equipment29 44 41 
Cost of additions to internal use software39 30 24 
Common stock dividends - Xerox Holdings192 216 229 
Preferred stock dividends - Xerox Holdings14 14 14 
Payments to noncontrolling interests1 3 14 
Repurchases related to stock-based compensation - Xerox Holdings18 19 28 
Investments from noncontrolling interests15 — — 
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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.