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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Cash and cash equivalents $ 1,151 $ 1,840
Accounts receivable (net of allowance) 852 818
Billed portion of finance receivables 83 94
Finance receivables, net 1,019 1,042
Inventories 765 696
Other current assets 232 211
Total current assets 4,102 4,701
Finance receivables due after one year, net 1,845 1,934
Equipment on Operating Leases, Net 226 253
Land, buildings and equipment, net 334 358
Intangible assets, net 223 211
Goodwill 3,217 3,287
Deferred tax assets 539 519
Other long-term assets 1,784 1,960
Total Assets 12,270 13,223
Short-term debt and current portion of long-term debt 1,108 650
Accounts payable 1,207 1,069
Accrued compensation and benefits costs 233 239
Accrued expenses and other current liabilities 867 871
Total current liabilities 3,415 2,829
Long-term debt 2,764 3,596
Pension and other benefit liabilities 1,310 1,373
Post-retirement medical benefits 242 277
Other long-term liabilities 433 481
Total Liabilities 8,164 8,556
Commitments and Contingencies (See Note 22)
Noncontrolling Interests 10 10
Additional paid-in capital 1,564 1,802
Retained earnings 5,484 5,631
Accumulated other comprehensive loss (3,330) (2,988)
Xerox Holdings shareholders’ equity 3,873 4,436
Noncontrolling interests 9 7
Total Equity 3,882 4,443
Total Liabilities and Equity 12,270 13,223
XEROX CORPORATION    
Cash and cash equivalents 1,151 1,840
Accounts receivable (net of allowance) 852 818
Billed portion of finance receivables 83 94
Finance receivables, net 1,019 1,042
Inventories 765 696
Other current assets 232 211
Total current assets 4,102 4,701
Finance receivables due after one year, net 1,845 1,934
Equipment on Operating Leases, Net 226 253
Land, buildings and equipment, net 334 358
Intangible assets, net 223 211
Goodwill 3,217 3,287
Deferred tax assets 539 519
Other long-term assets 1,769 1,952
Total Assets 12,255 13,215
Short-term debt and current portion of long-term debt 1,108 650
Accounts payable 1,207 1,069
Accrued compensation and benefits costs 233 239
Accrued expenses and other current liabilities 819 823
Total current liabilities 3,367 2,781
Long-term debt 1,269 2,102
Related party debt 1,495 1,494
Pension and other benefit liabilities 1,310 1,373
Post-retirement medical benefits 242 277
Other long-term liabilities 433 481
Total Liabilities 8,116 8,508
Commitments and Contingencies (See Note 22)
Noncontrolling Interests 10 10
Additional paid-in capital 3,630 3,202
Retained earnings 3,820 4,476
Accumulated other comprehensive loss (3,330) (2,988)
Xerox Holdings shareholders’ equity 4,120 4,690
Noncontrolling interests 9 7
Total Equity 4,129 4,697
Total Liabilities and Equity $ 12,255 $ 13,215