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Xerox Corporation Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Total Revenues $ 7,107 $ 7,038 $ 7,022
Costs and Expenses      
Cost of financing 108 111 121
Research, development and engineering expenses 304 310 311
Selling, administrative and general expenses 1,760 1,718 1,851
Goodwill impairment 412 781 0
Restructuring and related costs, net 65 38 93
Amortization of acquired intangible assets 42 55 56
Transaction and related costs, net 0 0 18
Other expenses, net 63 (24) 45
Total Costs and Expenses 7,435 7,513 6,770
(Loss) Income before Income Taxes and Equity Income (328) (475) 252
Income tax (benefit) expense (3) (17) 64
Equity in net income of unconsolidated affiliates 3 3 4
Net (Loss) Income (322) (455) 192
Less: Net Income attributable to noncontrolling interests 0 0 0
Net (Loss) Income Attributable to Xerox Holdings (322) (455) 192
Sales      
Revenues      
Total Revenues 2,800 2,582 2,449
Costs and Expenses      
Cost of goods and services sold 2,002 1,862 1,742
Services, maintenance and rentals      
Revenues      
Total Revenues 4,100 4,235 4,347
Costs and Expenses      
Cost of goods and services sold 2,679 2,662 2,533
Financing      
Revenues      
Total Revenues 207 221 226
Xerox Corporation      
Revenues      
Total Revenues 7,107 7,038 7,022
Costs and Expenses      
Cost of financing 108 111 121
Research, development and engineering expenses 304 310 311
Selling, administrative and general expenses 1,760 1,718 1,851
Goodwill impairment 412 781 0
Restructuring and related costs, net 65 38 93
Amortization of acquired intangible assets 42 55 56
Transaction and related costs, net 0 0 18
Other expenses, net 63 (24) 45
Total Costs and Expenses 7,435 7,513 6,770
(Loss) Income before Income Taxes and Equity Income (328) (475) 252
Income tax (benefit) expense (3) (17) 64
Equity in net income of unconsolidated affiliates 3 3 4
Net (Loss) Income (322) (455) 192
Less: Net Income attributable to noncontrolling interests 0 0 0
Net (Loss) Income Attributable to Xerox Holdings (322) (455) 192
Xerox Corporation | Sales      
Revenues      
Total Revenues 2,800 2,582 2,449
Costs and Expenses      
Cost of goods and services sold 2,002 1,862 1,742
Xerox Corporation | Services, maintenance and rentals      
Revenues      
Total Revenues 4,100 4,235 4,347
Costs and Expenses      
Cost of goods and services sold 2,679 2,662 2,533
Xerox Corporation | Financing      
Revenues      
Total Revenues $ 207 $ 221 $ 226