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Xerox Holdings Corporation Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Sep. 30, 2022
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 $ 412 412 781 0
Restructuring and related costs, net   65 38 93
Amortization of 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
Basic (Loss) Earnings per Share (in dollars per share)   $ (2.15) $ (2.56) $ 0.85
Diluted earnings per share (in dollars per share)   $ (2.15) $ (2.56) $ 0.84
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