Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss) is comprised of the following:

	Three Months Ended March 31,
	2023				2022
	Pre-tax		Net of Tax		Pre-tax		Net of Tax
Translation Adjustments Gains (Losses)	$	92	$	92	$	(71)	$	(72)
Unrealized (Losses) Gains
Changes in fair value of cash flow hedges losses	(2)		(2)		(15)		(13)
Changes in cash flow hedges reclassed to earnings(1)	5		6		2		2
Net Unrealized Gains (Losses)	3		4		(13)		(11)
Defined Benefit Plans Gains (Losses)
Net actuarial/prior service gains	7		5		16		12
Prior service amortization(2)	(3)		(2)		(4)		(3)
Actuarial loss amortization/settlement(2)	7		5		28		21
Other (losses) gains(3)	(22)		(22)		9		9
Changes in Defined Benefit Plans (Losses) Gains	(11)		(14)		49		39
Other Comprehensive Income (Loss)	84		82		(35)		(44)
Less: Other comprehensive loss attributable to noncontrolling interests	(1)		(1)		—		—
Other Comprehensive Income (Loss) Attributable to Xerox Holdings/Xerox	$	85	$	83	$	(35)	$	(44)

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(1)Reclassified to Cost of sales - refer to Note 13 - Financial Instruments for additional information regarding our cash flow hedges.

(2)Reclassified to Total Net Periodic Benefit Cost - refer to Note 15 - Employee Benefit Plans for additional information.

(3)Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits in AOCL.

Accumulated Other Comprehensive Loss (AOCL)

AOCL is comprised of the following:

	March 31, 2023		December 31, 2022
Cumulative translation adjustments	$	(2,144)	$	(2,237)
Other unrealized losses, net	—		(4)
Benefit plans net actuarial losses and prior service credits	(1,310)		(1,296)
Total Accumulated Other Comprehensive Loss Attributable to Xerox Holdings/Xerox	$	(3,454)	$	(3,537)