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Xerox Holdings Corporation Condensed Consolidated Statements of (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Total Revenues $ 1,502 $ 1,715
Costs and Expenses    
Cost of financing 27 36
Research, development and engineering expenses 49 64
Selling, administrative and general expenses 397 407
Restructuring and related costs, net 39 2
Amortization of intangible assets 10 11
Divestitures 54 0
Other expenses, net 44 20
Total Costs and Expenses 1,652 1,630
(Loss) Income before Income Taxes (150) 85
Income tax (benefit) expense (37) 14
Net (Loss) Income (113) 71
Less: Preferred stock dividends, net (4) (4)
Net (Loss) Income Attributable to Common Shareholders $ (117) $ 67
Basic (Loss) Earnings per Share (in dollars per share) $ (0.94) $ 0.43
Diluted (Loss) Earnings per Share (in dollars per share) $ (0.94) $ 0.43
Sales    
Revenues    
Total Revenues $ 523 $ 659
Costs and Expenses    
Cost of sales/services, maintenance and rentals 340 425
Services, maintenance and rentals    
Revenues    
Total Revenues 937 1,004
Costs and Expenses    
Cost of sales/services, maintenance and rentals 692 665
Financing    
Revenues    
Total Revenues $ 42 $ 52