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Shareholder's Equity of Xerox (Tables)
 6 Months Ended
Jun. 30, 2022
Stockholders' Equity Note [Abstract]  
Shareholder's Equity of Xerox
The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.
Common
Stock(1)
Additional Paid-in CapitalTreasury StockRetained Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon-controlling Interests
Total
Equity
Balance at March 31, 2022$156 $1,560 $(32)$5,532 $(3,032)$4,184 $5 $4,189 
Comprehensive loss, net— — — (4)(298)(302)(1)(303)
Cash dividends declared - common(3)
— — — (41)— (41)— (41)
Cash dividends declared - preferred(4)
— — — (3)— (3)— (3)
Stock option and incentive plans, net1 34 — — — 35 — 35 
Cancellation of treasury stock(2)(30)32 — — — — — 
Investment from noncontrolling interests— — — — — — 5 5 
Balance at June 30, 2022$155 $1,564 $— $5,484 $(3,330)$3,873 $9 $3,882 

Common
Stock(1)
Additional Paid-in CapitalTreasury StockRetained Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon- controlling Interests
Total
Equity
Balance at March 31, 2021$199 $2,456 $(162)$6,267 $(3,335)$5,425 $4 $5,429 
Comprehensive income, net— — — 91 70 161 — 161 
Cash dividends declared - common(3)
— — — (47)— (47)— (47)
Cash dividends declared - preferred(4)
— — — (3)— (3)— (3)
Stock option and incentive plans, net— 5 — — — 5 — 5 
Payments to acquire treasury stock, including fees— — (251)— — (251)— (251)
Cancellation of treasury stock(10)(244)254 — — — — — 
Investment from noncontrolling interests— 1 — — — 1 4 5 
Other— (4)— — — (4)— (4)
Balance at June 30, 2021$189 $2,214 $(159)$6,308 $(3,265)$5,287 $8 $5,295 

Common
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-controlling
Interests
Total
Equity
Balance at December 31, 2021$168 $1,802 $(177)$5,631 $(2,988)$4,436 $7 $4,443 
Comprehensive loss, net— — — (60)(342)(402)(2)(404)
Cash dividends declared - common(3)
— — — (80)— (80)— (80)
Cash dividends declared - preferred(4)
— — — (7)— (7)— (7)
Stock option and incentive plans, net1 38 — — — 39 — 39 
Payments to acquire treasury stock, including fees— — (113)— — (113)— (113)
Cancellation of treasury stock(14)(276)290 — — — — — 
Investment from noncontrolling interests— — — — — — 5 5 
Distributions to noncontrolling interests— — — — — — (1)(1)
Balance at June 30, 2022
$155 $1,564 $— $5,484 $(3,330)$3,873 $9 $3,882 
Common
Stock(1)
Additional
Paid-in
Capital
Treasury Stock
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-
controlling
Interests
Total
Equity
Balance at December 31, 2020$198 $2,445 $— $6,281 $(3,332)$5,592 $4 $5,596 
Comprehensive income, net— — — 130 67 197 — 197 
Cash dividends declared - common(3)
— — — (96)— (96)— (96)
Cash dividends declared - preferred(4)
— — — (7)— (7)— (7)
Stock option and incentive plans, net1 16 — — — 17 — 17 
Payments to acquire treasury stock, including fees— — (413)— — (413)— (413)
Cancellation of treasury stock(10)(244)254 — — — — — 
Investment from noncontrolling interests— 1 — — — 1 4 5 
Other— (4)— — — (4)— (4)
Balance at June 30, 2021
$189 $2,214 $(159)$6,308 $(3,265)$5,287 $8 $5,295 
_____________
(1)Common Stock has a par value of $1 per share.
(2)Refer to Note 20 - Other Comprehensive (Loss) Income for the components of AOCL.
(3)Cash dividends declared on common stock for the three and six months ended June 30, 2022 and 2021 were $0.25 per share, respectively, and $0.50 per share, respectively.
(4)Cash dividends declared on preferred stock for the three and six months ended June 30, 2022 and 2021 were $20.00 per share, respectively, and $40.00 per share, respectively.
The shareholder's equity information presented below reflects the consolidated activity of Xerox.
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at March 31, 2022$3,592 $3,871 $(3,032)$4,431 $5 $4,436 
Comprehensive loss, net— (4)(298)(302)(1)(303)
Dividends declared to parent— (47)— (47)— (47)
Transfers from parent38 — — 38 — 38 
Investment from noncontrolling interests— — — — 5 5 
Balance at June 30, 2022$3,630 $3,820 $(3,330)$4,120 $9 $4,129 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's Equity
Non-
controlling
Interests
Total
Equity
Balance at March 31, 2021$3,360 $5,672 $(3,335)$5,697 $4 $5,701 
Comprehensive income, net— 91 70 161 — 161 
Dividends declared to parent— (358)— (358)— (358)
Transfers from parent52 — — 52 — 52 
Investment from noncontrolling interests1 — — 1 4 5 
Balance at June 30, 2021$3,413 $5,405 $(3,265)$5,553 $8 $5,561 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at December 31, 2021$3,202 $4,476 $(2,988)$4,690 $7 $4,697 
Comprehensive loss, net— (60)(342)(402)(2)(404)
Dividends declared to parent— (596)— (596)— (596)
Transfers from parent428 — — 428 — 428 
Investment from noncontrolling interests— — — — 5 5 
Distributions to noncontrolling interests— — — — (1)(1)
Balance at June 30, 2022
$3,630 $3,820 $(3,330)$4,120 $9 $4,129 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at December 31, 2020$4,888 $5,834 $(3,332)$7,390 $4 $7,394 
Comprehensive income, net— 130 67 197 — 197 
Dividends declared to parent— (559)— (559)— (559)
Intercompany loan capitalization(2)
(1,494)— — (1,494)— (1,494)
Transfers from parent18 — — 18 — 18 
Investment from noncontrolling interests1 — — 1 4 5 
Balance at June 30, 2021$3,413 $5,405 $(3,265)$5,553 $8 $5,561 
_____________
(1)Refer to Note 20 - Other Comprehensive (Loss) Income for the components of AOCL.
(2)Refer to Note 13 - Debt for information regarding capitalization of balance to Intercompany Loan with Xerox Holdings Corporation.