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Xerox Holdings Corporation Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total Revenues $ 6,886 $ 7,107 $ 7,038
Costs and Expenses      
Cost of financing 130 108 111
Research, development and engineering expenses 229 304 310
Selling, administrative and general expenses 1,696 1,760 1,718
Goodwill impairment 0 412 781
Restructuring and related costs, net 167 65 38
Amortization of intangible assets 43 42 55
PARC donation 132 0 0
Other expenses, net 75 60 (27)
Total Costs and Expenses 6,914 7,432 7,510
Loss before Income Taxes (28) (325) (472)
Income tax benefit (29) (3) (17)
Net Income (Loss) 1 (322) (455)
Less: Preferred stock dividends, net (14) (14) (14)
Net Loss Attributable to Common Shareholders $ (13) $ (336) $ (469)
Basic Loss per Share (in dollars per share) $ (0.09) $ (2.15) $ (2.56)
Diluted Loss per Share (in dollars per share) $ (0.09) $ (2.15) $ (2.56)
Sales      
Revenues      
Total Revenues $ 2,720 $ 2,800 $ 2,582
Costs and Expenses      
Cost of goods and services sold 1,778 2,002 1,862
Services, maintenance and rentals      
Revenues      
Total Revenues 3,975 4,100 4,235
Costs and Expenses      
Cost of goods and services sold 2,664 2,679 2,662
Financing      
Revenues      
Total Revenues $ 191 $ 207 $ 221