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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total Revenues $ 1,747 $ 1,793 $ 3,415 $ 3,503
Costs and Expenses        
Cost of financing 26 28 50 56
Research, development and engineering expenses 84 79 162 153
Selling, administrative and general expenses 459 434 914 882
Restructuring and related costs, net 1 12 19 29
Amortization of intangible assets 10 14 21 29
Other expenses, net (8) (1) (65) (5)
Total Costs and Expenses 1,752 1,694 3,509 3,351
(Loss) Income before Income Taxes and Equity Income (5) 99 (94) 152
Income tax expense (benefit) 1 9 (30) 23
Equity in net income of unconsolidated affiliates 1 1 2 1
Net (Loss) Income (5) 91 (62) 130
Less: Net loss attributable to noncontrolling interests (1) 0 (2) 0
Net (Loss) Income Attributable to Xerox Holdings (4) 91 (60) 130
XEROX CORPORATION        
Revenues        
Total Revenues 1,747 1,793 3,415 3,503
Costs and Expenses        
Cost of financing 26 28 50 56
Research, development and engineering expenses 84 79 162 153
Selling, administrative and general expenses 459 434 914 882
Restructuring and related costs, net 1 12 19 29
Amortization of intangible assets 10 14 21 29
Other expenses, net 8 1 65 5
Total Costs and Expenses 1,752 1,694 3,509 3,351
(Loss) Income before Income Taxes and Equity Income (5) 99 (94) 152
Income tax expense (benefit) 1 9 (30) 23
Equity in net income of unconsolidated affiliates 1 1 2 1
Net (Loss) Income (5) 91 (62) 130
Less: Net loss attributable to noncontrolling interests (1) 0 (2) 0
Net (Loss) Income Attributable to Xerox Holdings (4) 91 (60) 130
Sales        
Revenues        
Total Revenues 667 670 1,259 1,272
Costs and Expenses        
Cost of services, maintenance and rentals 487 468 922 888
Sales | XEROX CORPORATION        
Revenues        
Total Revenues 667 670 1,259 1,272
Costs and Expenses        
Cost of services, maintenance and rentals 487 468 922 888
Services, maintenance and rentals        
Revenues        
Total Revenues 1,028 1,067 2,051 2,120
Costs and Expenses        
Cost of services, maintenance and rentals 677 658 1,356 1,309
Services, maintenance and rentals | XEROX CORPORATION        
Revenues        
Total Revenues 1,028 1,067 2,051 2,120
Costs and Expenses        
Cost of services, maintenance and rentals 677 658 1,356 1,309
Financing        
Revenues        
Total Revenues 52 56 105 111
Financing | XEROX CORPORATION        
Revenues        
Total Revenues $ 52 $ 56 $ 105 $ 111