XML 62 R48.htm IDEA: XBRL DOCUMENT v3.22.2.2
Shareholders' Equity of Xerox Holdings (Tables)
 9 Months Ended
Sep. 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 June 30, 2022$155 $1,564 $— $5,484 $(3,330)$3,873 $9 $3,882 
Comprehensive (loss) income, net— — — (383)(217)(600)1 (599)
Cash dividends declared - common(3)
— — — (40)— (40)— (40)
Cash dividends declared - preferred(4)
— — — (4)— (4)— (4)
Stock option and incentive plans, net1 13 — — — 14 — 14 
Investment from noncontrolling interests— — — — — — 1 1 
Balance at September 30, 2022$156 $1,577 $— $5,057 $(3,547)$3,243 $11 $3,254 

Common
Stock(1)
Additional Paid-in CapitalTreasury StockRetained Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon- controlling Interests
Total
Equity
Balance at June 30, 2021$189 $2,214 $(159)$6,308 $(3,265)$5,287 $8 $5,295 
Comprehensive income (loss), net— — — 90 (70)20 (1)19 
Cash dividends declared - common(3)
— — — (46)— (46)— (46)
Cash dividends declared - preferred(4)
— — — (4)— (4)— (4)
Stock option and incentive plans, net— 14 — — — 14 — 14 
Payments to acquire treasury stock, including fees— — (87)— — (87)— (87)
Cancellation of treasury stock(7)(152)159 — — — — — 
Other— 4 — — — 4 — 4 
Balance at September 30, 2021$182 $2,080 $(87)$6,348 $(3,335)$5,188 $7 $5,195 

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— — — (443)(559)(1,002)(1)(1,003)
Cash dividends declared - common(3)
— — — (120)— (120)— (120)
Cash dividends declared - preferred(4)
— — — (11)— (11)— (11)
Stock option and incentive plans, net2 51 — — — 53 — 53 
Payments to acquire treasury stock, including fees— — (113)— — (113)— (113)
Cancellation of treasury stock(14)(276)290 — — — — — 
Investment from noncontrolling interests— — — — — — 6 6 
Distributions to noncontrolling interests— — — — — — (1)(1)
Balance at September 30, 2022
$156 $1,577 $— $5,057 $(3,547)$3,243 $11 $3,254 
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 (loss), net— — — 220 (3)217 (1)216 
Cash dividends declared - common(3)
— — — (142)— (142)— (142)
Cash dividends declared - preferred(4)
— — — (11)— (11)— (11)
Stock option and incentive plans, net1 30 — — — 31 — 31 
Payments to acquire treasury stock, including fees— — (500)— — (500)— (500)
Cancellation of treasury stock(17)(396)413 — — — — — 
Investment from noncontrolling interests— 1 — — — 1 4 5 
Balance at September 30, 2021
$182 $2,080 $(87)$6,348 $(3,335)$5,188 $7 $5,195 
_____________
(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 nine months ended September 30, 2022 and 2021 were $0.25 per share, respectively, and $0.75 per share, respectively.
(4)Cash dividends declared on preferred stock for the three and nine months ended September 30, 2022 and 2021 were $20.00 per share, respectively, and $60.00 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 June 30, 2022$3,630 $3,820 $(3,330)$4,120 $9 $4,129 
Comprehensive (loss) income, net— (383)(217)(600)1 (599)
Dividends declared to parent— (49)— (49)— (49)
Transfers from parent13 — — 13 — 13 
Investment from noncontrolling interests— — — — 1 1 
Balance at September 30, 2022$3,643 $3,388 $(3,547)$3,484 $11 $3,495 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's Equity
Non-
controlling
Interests
Total
Equity
Balance at June 30, 2021$3,413 $5,405 $(3,265)$5,553 $8 $5,561 
Comprehensive income (loss), net— 90 (70)20 (1)19 
Dividends declared to parent— (215)— (215)— (215)
Transfers from parent96 — — 96 — 96 
Balance at September 30, 2021$3,509 $5,280 $(3,335)$5,454 $7 $5,461 
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— (443)(559)(1,002)(1)(1,003)
Dividends declared to parent— (645)— (645)— (645)
Transfers from parent441 — — 441 — 441 
Investment from noncontrolling interests— — — — 6 6 
Distributions to noncontrolling interests— — — — (1)(1)
Balance at September 30, 2022
$3,643 $3,388 $(3,547)$3,484 $11 $3,495 
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 (loss), net— 220 (3)217 (1)216 
Dividends declared to parent— (774)— (774)— (774)
Intercompany loan capitalization(2)
(1,494)— — (1,494)— (1,494)
Transfers from parent114 — — 114 — 114 
Investment from noncontrolling interests1 — — 1 4 5 
Balance at September 30, 2021$3,509 $5,280 $(3,335)$5,454 $7 $5,461 
_____________
(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.
Summary of Treasury Stock Purchases
The following is a summary of the changes in Common and Treasury stock shares:
Common Stock SharesTreasury Stock Shares
Balance at December 31, 2021168,069 8,675 
Stock based compensation plans, net630 — 
Acquisition of Treasury stock— 5,174 
Cancellation of Treasury stock(12,341)(12,341)
Balance at March 31, 2022156,358 1,508 
Stock based compensation plans, net116 — 
Cancellation of Treasury stock(1,508)(1,508)
Balance at June 30, 2022154,966 — 
Stock based compensation plans, net604 — 
Balance at September 30, 2022155,570 —