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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 1,681 $ 1,840
Accounts receivable (net of allowance) 807 818
Billed portion of finance receivables, net 89 94
Finance receivables, net 1,023 1,042
Inventories 732 696
Other current assets 234 211
Total current assets 4,566 4,701
Finance receivables due after one year (net of allowance) 1,893 1,934
Equipment on operating leases, net 254 253
Land, buildings and equipment, net 350 358
Intangible assets, net 240 211
Goodwill 3,300 3,287
Deferred tax assets 528 519
Other long-term assets 1,951 1,960
Total Assets 13,082 13,223
Liabilities and Equity    
Short-term debt and current portion of long-term debt 1,450 650
Accounts payable 1,183 1,069
Accrued compensation and benefits costs 258 239
Accrued expenses and other current liabilities 878 871
Total current liabilities 3,769 2,829
Long-term debt 2,821 3,596
Pension and other benefit liabilities 1,359 1,373
Post-retirement medical benefits 247 277
Other long-term liabilities 473 481
Total Liabilities 8,669 8,556
Commitments and Contingencies (See Note 21)
Noncontrolling Interests 10 10
Convertible Preferred Stock 214 214
Common stock 156 168
Additional paid-in capital 1,560 1,802
Treasury stock, at cost (32) (177)
Retained earnings 5,532 5,631
Accumulated other comprehensive loss (3,032) (2,988)
Xerox Holdings shareholders’ equity 4,184 4,436
Noncontrolling interests 5 7
Total Equity 4,189 4,443
Total Liabilities and Equity $ 13,082 $ 13,223
Shares of common stock issued (in shares) 156,358 168,069
Treasury stock (in shares) (1,508) (8,675)
Shares of common stock outstanding (in shares) 154,850 159,394