Xerox Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net (Loss) Income	$ (113)	$ 71
Adjustments required to reconcile Net (loss) income to cash flows (used in) provided by operating activities
Depreciation and amortization	59	64
Provisions	57	0
Divestitures	54	0
Stock-based compensation	12	14
Restructuring and asset impairment charges	31	1
Payments for restructurings	(16)	(6)
Non-service retirement-related costs	23	(1)
Contributions to retirement plans	(31)	(17)
(Increase) decrease in accounts receivable and billed portion of finance receivables	(19)	39
Increase in inventories	(133)	(64)
Increase in equipment on operating leases	(22)	(40)
Decrease in finance receivables	210	160
(Increase) decrease in other current and long-term assets	(2)	3
Increase (decrease) in accounts payable	17	(41)
Decrease in accrued compensation	(86)	(16)
Decrease in other current and long-term liabilities	(77)	(128)
Net change in income tax assets and liabilities	(44)	18
Net change in derivative assets and liabilities	6	13
Other operating, net	(5)	8
Net cash (used in) provided by operating activities	(79)	78
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software	(10)	(8)
Proceeds from sales of businesses and assets	4	1
Acquisitions, net of cash acquired	0	(7)
Other investing, net	(11)	(3)
Net cash used in investing activities	(17)	(17)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	905	0
Payments on long-term debt	(570)	(452)
Other financing, net	(11)	(8)
Net cash provided by (used in) financing activities	261	(505)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(10)	2
Increase (decrease) in cash, cash equivalents and restricted cash	155	(442)
Cash, cash equivalents and restricted cash at beginning of period	617	1,139
Cash, Cash Equivalents and Restricted Cash at End of Period	772	697
XEROX CORPORATION
Cash Flows from Operating Activities
Net (Loss) Income	(113)	71
Adjustments required to reconcile Net (loss) income to cash flows (used in) provided by operating activities
Depreciation and amortization	59	64
Provisions	57	0
Divestitures	54	0
Stock-based compensation	12	14
Restructuring and asset impairment charges	31	1
Payments for restructurings	(16)	(6)
Non-service retirement-related costs	23	(1)
Contributions to retirement plans	(31)	(17)
(Increase) decrease in accounts receivable and billed portion of finance receivables	(19)	39
Increase in inventories	(133)	(64)
Increase in equipment on operating leases	(22)	(40)
Decrease in finance receivables	210	160
(Increase) decrease in other current and long-term assets	(2)	3
Increase (decrease) in accounts payable	17	(41)
Decrease in accrued compensation	(86)	(16)
Decrease in other current and long-term liabilities	(77)	(128)
Net change in income tax assets and liabilities	(44)	18
Net change in derivative assets and liabilities	6	13
Other operating, net	(5)	8
Net cash (used in) provided by operating activities	(79)	78
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software	(10)	(8)
Proceeds from sales of businesses and assets	4	1
Acquisitions, net of cash acquired	0	(7)
Other investing, net	(11)	0
Net cash used in investing activities	(17)	(14)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	905	0
Payments on long-term debt	(570)	(452)
Distributions to parent	(75)	(54)
Other financing, net	(2)	(2)
Net cash provided by (used in) financing activities	258	(508)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(10)	2
Increase (decrease) in cash, cash equivalents and restricted cash	152	(442)
Cash, cash equivalents and restricted cash at beginning of period	617	1,139
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 769	$ 697