Supplementary Financial Information

6 Months Ended

Jun. 30, 2022

Supplemental Financial Information [Abstract]

Supplementary Financial Information

Supplementary Financial Information

Government Assistance

In response to the COVID-19 pandemic, various governments employed temporary measures to provide aid and economic stimulus to companies through cash grants and credits or indirectly through payments to temporarily furloughed employees. Estimated savings from these various government assistance programs are recorded as follows in the Condensed Consolidated Statements of (Loss) Income:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cost of services, maintenance and rentals	$	—	$	6	$	—	$	13
Selling, administrative and general expenses	—		4		—		7
Total Estimated savings	$	—	$	10	$	—	$	20

Cash, Cash Equivalents and Restricted Cash

Restricted cash primarily relates to escrow cash deposits made in Brazil associated with ongoing litigation as well as cash collections on finance receivables that were pledged for secured borrowings. As more fully discussed in Note 22 - Contingencies and Litigation, various litigation matters in Brazil require us to make cash deposits to escrow as a condition of continuing the litigation. Restricted cash amounts are classified in our Condensed Consolidated Balance Sheets based on when the cash will be contractually or judicially released.

Cash, cash equivalents and restricted cash amounts are as follows:

	June 30, 2022		December 31, 2021
Cash and cash equivalents	$	1,151	$	1,840
Restricted cash
Litigation deposits in Brazil	39		34
Escrow and cash collections related to secured borrowing arrangements(1)	36		32
Other restricted cash	1		3
Total Restricted cash	76		69
Cash, cash equivalents and restricted cash	$	1,227	$	1,909

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(1)Represents collections on finance receivables pledged for secured borrowings that will be remitted to lenders in the following month.

Restricted cash is reported in the Condensed Consolidated Balance Sheets as follows:

	June 30, 2022		December 31, 2021
Other current assets	$	36	$	33
Other long-term assets	40		36
Total Restricted cash	$	76	$	69

Supplemental Cash Flow Information

Summarized cash flow information is as follows:

	Six Months Ended June 30,
	2022		2021
Provision for receivables	$	21	$	15
Provision for inventory	14		19
Provision for product warranties	3		4
Depreciation of buildings and equipment	34		38
Depreciation and obsolescence of equipment on operating leases	62		83
Amortization of internal use software	23		20
Amortization of acquired intangible assets	21		29
Amortization of customer contract costs(1)	37		40
Cost of additions to land, buildings and equipment	19		12
Cost of additions to internal use software	10		21
Common stock dividends - Xerox Holdings	81		101
Preferred stock dividends - Xerox Holdings	7		7
Payments to noncontrolling interests	1		—
Investment from noncontrolling interests	5		5
Repurchases related to stock-based compensation - Xerox Holdings	10		14

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(1)Amortization of customer contract costs is reported in Decrease in other current and long-term assets in the Condensed Consolidated Statements of Cash Flows. Refer to Note 3 - Revenue - Contract Costs for additional information.