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Fair Value of Financial Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs. 
June 30,
2023		December 31,
2022
Assets
Foreign exchange contracts - forwards$6 $19 
Interest rate cap6 6 
Interest rate swap1 1 
Deferred compensation plan investments in mutual funds14 15 
Total$27 $41 
Liabilities
Foreign exchange contracts - forwards$23 $11 
Deferred compensation plan liabilities14 14 
Total$37 $25 
Schedule of Estimated Fair Values of Financial Assets and Liabilities Not Measured at Fair Value on a Recurring Basis
The estimated fair values of our other financial assets and liabilities were as follows:
 June 30, 2023December 31, 2022
 
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Cash and cash equivalents$477 $477 $1,045 $1,045 
Accounts receivable, net903 903 857 857 
Short-term debt and current portion of long-term debt891 881 860 861 
Long-term Debt
Xerox Holdings Corporation1,496 1,352 1,496 1,294 
Xerox Corporation595 419 894 726 
Xerox - Other Subsidiaries(1)
134 134 476 478 
Long-term debt$2,225 $1,905 $2,866 $2,498 
____________
(1)Represents subsidiaries of Xerox Corporation