Shareholders' Equity of Xerox Holdings (Tables)

3 Months Ended

Mar. 31, 2023

The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.


	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, 2022	$	156	$	1,588	$	—	$	5,136	$	(3,537)	$	3,343	$	10	$	3,353

Comprehensive income (loss), net	—		—		—		71		83		154		(1)		153
Cash dividends declared - common(3)	—		—		—		(41)		—		(41)		—		(41)
Cash dividends declared - preferred(4)	—		—		—		(4)		—		(4)		—		(4)


Stock option and incentive plans, net	1		6		—		—		—		7		—		7




Distributions to noncontrolling interests	—		—		—		—		—		—		(1)		(1)

Balance at March 31, 2023	$	157	$	1,594	$	—	$	5,162	$	(3,454)	$	3,459	$	8	$	3,467


	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	—		—		—		(56)		(44)		(100)		(1)		(101)
Cash dividends declared - common(3)	—		—		—		(39)		—		(39)		—		(39)
Cash dividends declared - preferred(4)	—		—		—		(4)		—		(4)		—		(4)


Stock option and incentive plans, net	—		4		—		—		—		4		—		4

Payments to acquire treasury stock, including fees	—		—		(113)		—		—		(113)		—		(113)
Cancellation of treasury stock	(12)		(246)		258		—		—		—		—		—

Distributions to noncontrolling interests	—		—		—		—		—		—		(1)		(1)

Balance at March 31, 2022	$	156	$	1,560	$	(32)	$	5,532	$	(3,032)	$	4,184	$	5	$	4,189

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(1)Common Stock has a par value of $1 per share.

(2)Refer to Note 18 - Other Comprehensive Income (Loss) for the components of AOCL.

(3)Cash dividends declared on common stock for the three months ended March 31, 2023 and 2022 were $0.25 per share, respectively.

(4)Cash dividends declared on preferred stock for the three months ended March 31, 2023 and 2022 were $20.00 per share, respectively.

The shareholder's equity information presented below reflects the consolidated activity of Xerox.


	Additional Paid-in Capital		Retained Earnings		AOCL(1)		Xerox Shareholder's Equity		Non- controlling Interests		Total Equity
Balance at December 31, 2022	$	3,693	$	3,427	$	(3,537)	$	3,583	$	10	$	3,593


Comprehensive income (loss), net	—		71		83		154		(1)		153


Dividends declared to parent	—		(43)		—		(43)		—		(43)

Transfers from parent	2		—		—		2		—		2







Distributions to noncontrolling interests	—		—		—		—		(1)		(1)
Balance at March 31, 2023	$	3,695	$	3,455	$	(3,454)	$	3,696	$	8	$	3,704


	Additional Paid-in Capital		Retained Earnings		AOCL(1)		Xerox Shareholder's Equity		Non- controlling Interests		Total Equity
Balance at December 31, 2021	$	3,202	$	4,476	$	(2,988)	$	4,690	$	7	$	4,697

Comprehensive loss, net	—		(56)		(44)		(100)		(1)		(101)


Dividends declared to parent	—		(549)		—		(549)		—		(549)

Transfers from parent	390		—		—		390		—		390


Distributions to noncontrolling interests	—		—		—		—		(1)		(1)
Balance at March 31, 2022	$	3,592	$	3,871	$	(3,032)	$	4,431	$	5	$	4,436

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(1)Refer to Note 18 - Other Comprehensive Income (Loss) for the components of AOCL.

The following is a summary of the changes in Common and Treasury stock shares:


	Common Stock Shares	Treasury Stock Shares
Balance at December 31, 2022	155,781	—
Stock based compensation plans, net	1,177	—


Balance at March 31, 2023	156,958	—