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Xerox 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
XEROX CORPORATION    
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
Sales    
Revenues    
Total Revenues 523 659
Costs and Expenses    
Cost of sales/services, maintenance and rentals 340 425
Sales | XEROX CORPORATION    
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
Services, maintenance and rentals | XEROX CORPORATION    
Revenues    
Total Revenues 937 1,004
Costs and Expenses    
Cost of sales/services, maintenance and rentals 692 665
Financing    
Revenues    
Total Revenues 42 52
Financing | XEROX CORPORATION    
Revenues    
Total Revenues $ 42 $ 52