Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2020

Other Comprehensive Income [Abstract]

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

In 2019, as a result of the sale of our investment in Fuji Xerox, we reclassified out of Accumulated other comprehensive loss and into earnings, $165 of accumulated translation adjustments and defined benefit plan losses related to Fuji Xerox. The reclassified amounts are included in the gain recognized on the Sales. Refer to Note 6 - Divestitures for additional information regarding these Sales and the associated gain recognized.

Other Comprehensive Income (Loss) is comprised of the following:

	Year Ended December 31,
	2020				2019				2018
	Pre-tax		Net of Tax		Pre-tax		Net of Tax		Pre-tax		Net of Tax
Translation Adjustments Gains (Losses)
Aggregate adjustment in period	$	238	$	241	$	53	$	45	$	(251)	$	(242)
Divestiture - reclassification	—		—		17		17		—		—
Net Translation Adjustments Gains (Losses)	238		241		70		62		(251)		(242)
Unrealized Gains (Losses)
Changes in fair value of cash flow hedges gains	4		3		2		1		9		8
Changes in cash flow hedges reclassed to earnings(1)	1		1		(9)		(7)		14		10
Other losses	—		—		—		—		(2)		(2)
Net Unrealized Gains (Losses)	5		4		(7)		(6)		21		16
Defined Benefit Plans Gains (Losses)
Net actuarial/prior service gains (losses)	117		86		(275)		(202)		273		198
Prior service amortization/curtailment(2)	(80)		(60)		(81)		(61)		(26)		(20)
Actuarial loss amortization/settlement(2)	138		104		156		118		252		190
Fuji Xerox changes in defined benefit plans, net(3)	—		—		8		8		(25)		(25)
Other (losses) gains(4)	(63)		(61)		(21)		(21)		66		66
Divestiture - reclassification	—		—		148		148		—		—
Changes in Defined Benefit Plans Gains (Losses)	112		69		(65)		(10)		540		409
Other Comprehensive Income (Loss) Attributable to Xerox Holdings/Xerox	$	355	$	314	$	(2)	$	46	$	310	$	183

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(1)Reclassified to Cost of sales - refer to Note 17 - Financial Instruments for additional information regarding our cash flow hedges.

(2)Reclassified to Total Net Periodic Benefit Cost - refer to Note 19 - Employee Benefit Plans for additional information.

(3)Represents our share of Fuji Xerox's benefit plan changes.

(4)Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits in AOCL.

Accumulated Other Comprehensive Loss (AOCL)

AOCL is comprised of the following:

	December 31,
	2020		2019		2018
Cumulative translation adjustments	$	(1,720)	$	(1,961)	$	(2,023)
Other unrealized gains (losses), net	2		(2)		4
Benefit plans net actuarial losses and prior service credits(1)(2)	(1,614)		(1,683)		(1,546)
Total Accumulated Other Comprehensive Loss Attributable to Xerox Holdings/Xerox	$	(3,332)	$	(3,646)	$	(3,565)

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(1)Amounts prior to 2019 include our share of Fuji Xerox balances.

(2)The change from December 31, 2018 includes $(127) related to the adoption of ASU 2018-02 and the reclassification of stranded tax effects resulting from the Tax Act - Refer to Note 1 - Basis of Presentation and Summary of Significant Accounting Policies for additional information.

We utilize the aggregate portfolio approach for releasing disproportionate income tax effects from AOCL.