(Loss) Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Basic and Diluted (Loss) Earnings Per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share of Xerox Holdings Corporation's common stock:


	Three Months Ended March 31,
		2024		2023
Basic (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings		$	(113)	$	71
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net (loss) income available to common shareholders		$	(117)	$	67

Weighted average common shares outstanding		123,924		156,661




Basic (Loss) Earnings per Share:		$	(0.94)	$	0.43

Diluted (Loss) Earnings per Share
Net (Loss) Income Attributable to Xerox Holdings		$	(113)	$	71
Accrued dividends on preferred stock		(4)		(4)


Adjusted Net (loss) income available to common shareholders		$	(117)	$	67

Weighted average common shares outstanding		123,924		156,661
Common shares issuable with respect to:
Stock options		—		—
Restricted stock and performance shares		—		1,085
Convertible preferred stock		—		—

Adjusted weighted average common shares outstanding		123,924		157,746




Diluted (Loss) Earnings per Share		$	(0.94)	$	0.43

The following securities were not included in the computation of diluted earnings per share as they were either contingently issuable shares or shares that if included would have been anti-dilutive:
Stock options		216		561
Restricted stock and performance shares		5,950		6,402
Convertible preferred stock		6,742		6,742
Convertible notes(1)		19,196		—
Total Anti-Dilutive Securities		32,104		13,705

Dividends per Common Share		$	0.25	$	0.25

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(1)Refer to Note 13 - Debt for additional information related to the issuance of Xerox Holdings Corporation's $400 of 3.75% Convertible Senior Notes due 2030.