XML 147 R109.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Long-term Debt (Details) - USD ($)
$ in Millions
Mar. 15, 2022
Dec. 31, 2022
Mar. 14, 2022
Dec. 31, 2021
Debt Instrument [Line Items]        
Total    $ 3,742    
Subtotal - Debt issuance costs   (18)   $ (18)
Unamortized premium   2   3
Less: current maturities   (860)   (650)
Total Long-term Debt   2,866   3,596
Xerox Holdings Corporation        
Debt Instrument [Line Items]        
Total    1,500    
Subtotal - Debt issuance costs   (9)   (11)
Less: current maturities   0   0
Xerox Corporation        
Debt Instrument [Line Items]        
Total    1,200    
Subtotal - Debt issuance costs   (4)   (6)
Less: current maturities   (300)   (300)
Total Long-term Debt   1,370   2,102
Xerox - Other Subsidiaries        
Debt Instrument [Line Items]        
Total    1,042    
Subtotal - Debt issuance costs   (5)   (1)
Less: current maturities   (560)   (350)
Xerox - Other Subsidiaries | Secured Borrowing        
Debt Instrument [Line Items]        
Total    1,042   561
Xerox - Other Subsidiaries | Secured Borrowing | United States        
Debt Instrument [Line Items]        
Total    790   561
Xerox - Other Subsidiaries | Secured Borrowing | Canada        
Debt Instrument [Line Items]        
Total    57   0
Xerox - Other Subsidiaries | Secured Borrowing | France        
Debt Instrument [Line Items]        
Total    $ 195   0
Senior Notes Due 2025 5.00% | Xerox Holdings Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   5.00%    
Interest Rate   4.95%    
Total    $ 750   750
Senior Notes Due 2028 5.50% | Xerox Holdings Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   5.50%    
Interest Rate   5.40%    
Total    $ 750   750
Senior Notes Due 2022 4.07% | Xerox Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   4.07%    
Interest Rate   0.00%    
Total    $ 0   300
Senior Notes Due 2023 4.38%        
Debt Instrument [Line Items]        
Stated rate (percentage) 4.625%   4.375%  
Increase to coupon rate (percentage) 0.25%      
Senior Notes Due 2023 4.38% | Xerox Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   4.38%    
Interest Rate   4.63%    
Total    $ 300   1,000
Senior Notes Due 2024 3.80% | Xerox Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   3.80%    
Interest Rate   3.84%    
Total    $ 300   300
Senior Notes Due 2035 4.80% | Xerox Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   4.80%    
Interest Rate   4.84%    
Total    $ 250   250
Senior Notes Due 2039 6.75% | Xerox Corporation        
Debt Instrument [Line Items]        
Stated rate (percentage)   6.75%    
Interest Rate   6.78%    
Total    $ 350   350
Long-term Debt        
Debt Instrument [Line Items]        
Total    3,742   4,261
Long-term Debt | Xerox Holdings Corporation        
Debt Instrument [Line Items]        
Total    1,500   1,500
Long-term Debt | Xerox Corporation        
Debt Instrument [Line Items]        
Total    $ 1,200   $ 2,200