Xerox 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information	3 Months Ended
	Mar. 31, 2018shares
Document and Entity Information [Abstract]
Entity Registrant Name	Xerox Corporation
Entity Central Index Key	108,772
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	254,679,473

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Revenues
Sales		$ 933	$ 936
Services, maintenance and rentals		1,431	1,442
Financing		71	76
Total Revenues		2,435	2,454
Costs and Expenses
Cost of sales		563	565
Cost of services, maintenance and rentals		868	881
Cost of financing		34	33
Research, development and engineering expenses		100	111
Selling, administrative and general expenses		628	634
Restructuring and related costs		28	118
Amortization of intangible assets		12	14
Transaction and related costs		36	0
Other expenses, net		32	114
Total Costs and Expenses		2,301	2,470
Income (loss) before Income Taxes and Equity Income		134	(16)
Income tax expense (benefit)		40	(24)
Equity in net (loss) income of unconsolidated affiliates(1)	[1]	(68)	40
Income from Continuing Operations		26	48
Loss from discontinued operations, net of tax		0	(6)
Net Income		26	42
Less: Net income attributable to noncontrolling interests		3	2
Net Income Attributable to Xerox		23	40
Net income from continuing operations		$ 23	$ 46
Basic Earnings (Loss) per Share:
Continuing operations (dollars per share)		$ 0.08	$ 0.17
Discontinued operations (dollars per share)		0	(0.03)
Total Basic Earnings per Share		0.08	0.14
Diluted Earnings (Loss) per Share:
Continuing operations (dollars per share)		0.08	0.16
Discontinued operations (dollars per share)		0	(0.02)
Total Diluted Earnings per Share		$ 0.08	$ 0.14
[1]	Equity in net income of unconsolidated affiliates has been revised for the prior year period presented throughout this document. Refer to Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements for additional information on this revision.

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Net Income		$ 26	$ 42
Less: Net income attributable to noncontrolling interests		3	2
Net Income Attributable to Xerox		23	40
Other Comprehensive Income, Net:
Translation adjustments, net	[1]	176	133
Unrealized gains, net	[1]	17	8
Changes in defined benefit plans, net	[1]	18	26
Other Comprehensive Income, Net	[1]	211	167
Less: Other comprehensive income, net attributable to noncontrolling interests		0	1
Other Comprehensive Income, Net Attributable to Xerox		211	166
Comprehensive Income, Net
Comprehensive Income, Net		237	209
Less: Comprehensive income, net attributable to noncontrolling interests		3	3
Comprehensive Income, Net Attributable to Xerox		$ 234	$ 206
[1]	Refer to Note 17 - Other Comprehensive Income for gross components of Other Comprehensive Income, reclassification adjustments out of Accumulated Other Comprehensive Loss and related tax effects.

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 1,398	$ 1,293
Accounts receivable, net	1,326	1,357
Billed portion of finance receivables, net	106	112
Finance receivables, net	1,301	1,317
Inventories	1,001	915
Other current assets	254	236
Total current assets	5,386	5,230
Finance receivables due after one year, net	2,278	2,323
Equipment on operating leases, net	448	454
Land, buildings and equipment, net	602	629
Investments in affiliates, at equity	1,378	1,404
Intangible assets, net	257	268
Goodwill	3,973	3,930
Deferred tax assets	942	1,026
Other long-term assets	911	682
Total Assets	16,175	15,946
Liabilities and Equity
Short-term debt and current portion of long-term debt	678	282
Accounts payable	1,188	1,108
Accrued compensation and benefits costs	427	444
Accrued expenses and other current liabilities	859	907
Total current liabilities	3,152	2,741
Long-term debt	4,811	5,235
Pension and other benefit liabilities	1,536	1,595
Post-retirement medical benefits	651	662
Other long-term liabilities	229	206
Total Liabilities	10,379	10,439
Commitments and Contingencies (See Note 19)
Convertible Preferred Stock	214	214
Common stock	255	255
Additional paid-in capital	3,908	3,893
Retained earnings	4,927	4,856
Accumulated other comprehensive loss	(3,537)	(3,748)
Xerox shareholders’ equity	5,553	5,256
Noncontrolling interests	29	37
Total Equity	5,582	5,293
Total Liabilities and Equity	$ 16,175	$ 15,946
Shares of common stock issued and outstanding (in shares)	254,679	254,613

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities:
Net Income	$ 26	$ 42
Loss from discontinued operations, net of tax	0	6
Income from continuing operations	26	48
Adjustments required to reconcile net income to cash flows from operating activities:
Depreciation and amortization	163	133
Provision for receivables	13	13
Provision for inventory	4	5
Net gain on sales of businesses and assets	(16)	0
Undistributed equity in net income of unconsolidated affiliates	68	(40)
Stock-based compensation	16	13
Restructuring and asset impairment charges	28	108
Payments for restructurings	(54)	(58)
Defined benefit pension cost	27	62
Contributions to defined benefit pension plans	(38)	(23)
Decrease (increase) in accounts receivable and billed portion of finance receivables	46	(77)
Increase in inventories	(87)	(58)
Increase in equipment on operating leases	(56)	(52)
Decrease in finance receivables	85	65
Increase in other current and long-term assets	(42)	(57)
Increase in accounts payable and accrued compensation	12	21
Increase (decrease) in other current and long-term liabilities	1	(1)
Net change in income tax assets and liabilities	13	(41)
Net change in derivative assets and liabilities	(6)	55
Other operating, net	13	16
Net cash provided by operating activities of continuing operations	216	132
Net cash used in operating activities of discontinued operations	0	(80)
Net cash provided by operating activities	216	52
Cash Flows from Investing Activities:
Cost of additions to land, buildings and equipment	(9)	(17)
Proceeds from sales of land, buildings and equipment	16	1
Cost of additions to internal use software	(9)	(9)
Acquisitions, net of cash acquired	0	(11)
Collections of deferred proceeds from sales of receivables	0	48
Collections on beneficial interest from sales of finance receivables	0	6
Other investing, net	0	(29)
Net cash used in investing activities	(2)	(11)
Cash Flows from Financing Activities:
Net (payments) proceeds on short-term debt	(1)	1
Proceeds from issuance of long-term debt	2	3
Payments on long-term debt	(38)	(1,328)
Common stock dividends	(64)	(81)
Preferred stock dividends	(3)	(6)
Repurchases related to stock-based compensation	(1)	(7)
Payments to noncontrolling interests	(12)	(1)
Other financing	0	161
Net cash used in financing activities	(117)	(1,258)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	9	9
Increase (decrease) in cash, cash equivalents and restricted cash	106	(1,208)
Cash, cash equivalents and restricted cash at beginning of period	1,368	2,402
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 1,474	$ 1,194

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation References herein to “we,” “us,” “our,” the “company” and “Xerox” refer to Xerox Corporation and its consolidated subsidiaries unless the context suggests otherwise. We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with the accounting policies described in our 2017 Annual Report on Form 10-K ("2017 Annual Report") except as noted herein, and the interim reporting requirements of Form 10-Q. Accordingly, certain information and note disclosures normally included in our annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. You should read these Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements included in our 2017 Annual Report. In our opinion, all adjustments which are necessary for a fair statement of financial position, operating results and cash flows for the interim periods presented have been made. These adjustments consist of normal recurring items. Interim results of operations are not necessarily indicative of the results of the full year. For convenience and ease of reference, we refer to the financial statement caption “Income (Loss) before Income Taxes and Equity Income” as “pre-tax income (loss).”

Correction of Fuji Xerox Missta

Correction of Fuji Xerox Misstatement in Prior Period Financial Statements	3 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Correction of Fuji Xerox Misstatement in Prior Period Financial Statements [Text Block]	Correction of Fuji Xerox Misstatement in Prior Period Financial Statements Fuji Xerox is a joint venture between Xerox Corporation and Fujifilm Holdings Corporation (“Fujifilm”) in which Xerox holds a noncontrolling 25% equity interest and Fujifilm holds the remaining equity interest. In 2017 Fujifilm publicly announced it had formed an independent investigation committee ("IIC") to conduct a review of the appropriateness of the accounting practices at Fuji Xerox’s New Zealand subsidiary related to the recovery of receivables associated with certain bundled leasing transactions that occurred in, or prior to, Fuji Xerox’s fiscal year ending March 31, 2016. The IIC’s review, completed during the second quarter 2017, identified total aggregate adjustments to Fuji Xerox's financial statements of approximately JPY 40 billion (approximately $360 based on the Yen/U.S. Dollar spot exchange rate at March 31, 2017 of 111.89 ). The adjustments identified by the IIC primarily related to misstatements at Fuji Xerox's New Zealand subsidiary as well as their Australian subsidiary and certain other adjustments. We determined that our cumulative share of the total aggregate adjustments identified as part of the investigation was approximately $90 and impacted our fiscal years 2009 through 2017. In the second quarter 2017, we determined that the misstatements to our Equity in net income of unconsolidated affiliates in prior years and the first quarter of 2017 identified through the IIC's review were immaterial to our previously issued financial statements. However, we concluded that the cumulative correction of these misstatements would have had a material effect on our 2017 consolidated financial statements. Accordingly, we revised our previously issued consolidated financial statements for the first quarter of 2017. The effect of the revision on our previously issued financial statements is provided in the tables below. Amounts throughout the consolidated financial statements and notes thereto have been adjusted to incorporate the revised amounts, where applicable. Refer to Note 10 - Investment in Affiliates, at Equity for a discussion regarding the correction of incremental misstatements and adjustments identified in 2018 and corrected by Fuji Xerox as part of their reported results for the quarter ended March 31, 2018 (our first quarter). Revised Condensed Consolidated Statements of Income The following tables reconcile selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Income from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Equity in net income of unconsolidated affiliates $ 16 $ 24 $ 40 Income from Continuing Operations 24 24 48 Net Income 18 24 42 Net Income Attributable to Xerox 16 24 40 Net income from continuing operations attributable to Xerox $ 22 $ 24 $ 46 Basic Earnings per Share: Continuing operations $ 0.07 $ 0.10 $ 0.17 Total $ 0.05 $ 0.09 $ 0.14 Diluted Earnings per Share: Continuing operations $ 0.07 $ 0.09 $ 0.16 Total $ 0.05 $ 0.09 $ 0.14 Revised Condensed Consolidated Statements of Comprehensive Income The following tables reconcile selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Comprehensive Income from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Net Income $ 18 $ 24 $ 42 Net Income Attributable to Xerox 16 24 40 Translation adjustments, net $ 136 $ (3 ) $ 133 Other Comprehensive Income, Net 170 (3 ) 167 Other Comprehensive Income, Net Attributable to Xerox 169 (3 ) 166 Comprehensive Income, Net $ 188 $ 21 $ 209 Comprehensive Income, Net Attributable to Xerox 185 21 206 Revised Condensed Consolidated Statements of Cash Flows from Operations The revision did not have an impact on the company’s operating cash flows. The following table reconciles selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Cash Flows from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Cash Flows from Operating Activities: Net Income $ 18 $ 24 $ 42 Income from Continuing Operations 24 24 48 Undistributed equity in net income of unconsolidated affiliates $ (16 ) $ (24 ) $ (40 )

Adoption of New Revenue Recogni

Adoption of New Revenue Recognition Standard	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Adoption of New Revenue Recognition Standard	Adoption of New Revenue Recognition Standard Adoption Summary: On January 1, 2018 we adopted ASU 2014-09, Revenue from Contracts with Customers (ASC Topic 606), which superseded nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASC Topic 606 is to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASC Topic 606 defines a five step process to recognize revenue and requires more judgment and estimates within the revenue recognition process than required under previous U.S. GAAP, including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. We adopted this standard using the modified retrospective method of adoption. Under ASC Topic 606, based on the nature of our contracts and consistent with prior practice, we recognize revenue upon invoicing the customer for the large majority of our revenue. Additionally, the unit of accounting, that is, the identification of performance obligations, is consistent with prior revenue recognition practice. Accordingly, the adoption of this standard did not have a material impact for the large majority of our revenues. Lastly, a significant portion of our equipment sales are either recorded as sales-type leases or through direct sales to distributors and resellers and these revenue streams are not impacted by the adoption of ASC Topic 606. The only change of significance identified in our adoption involves a change in the classification of certain revenues that were previously reported in Services revenues. These revenues, which are approximately $50 annually, relate to certain analyst services performed in connection with the installation of equipment that are being considered part of the equipment sale performance obligation in 2018. Accordingly, in 2018 these revenues are now reported as part of Sales. In the first quarter of 2018, as result of this change, $9 of revenue was recorded as Sales, which would have been previously recorded as Services revenue in prior periods. Another change identified upon adoption was with respect to deferred contract costs, which include incremental costs of obtaining a contract and costs to fulfill a contract. Deferred contract costs had been minimal under our prior practices as most costs to obtain a contract and fulfill a contract were expensed as incurred. However, as a result of the contract cost guidance included in ASC Topic 606 and ASC Topic 340-40 " Contracts with Customers ", upon adoption, we recorded a transition asset of $153 , and a net of tax increase of $117 to retained earnings, related to the incremental cost to obtain contracts. Substantially all of this adjustment is related to the deferral of sales commissions paid to sales people and agents in connection with the placement of equipment with post sale service arrangements. The impacts of adopting ASC Topic 606 on our Condensed Consolidated Balance Sheets were as follows: As of March 31, 2018 Superseded Revenue Guidance (1) Adjustments As Reported Deferred tax assets $ 976 $ (34 ) $ 942 Other long-term assets 764 147 911 Retained earnings 4,814 113 4,927 ____________ (1) Reflects balance of account under revenue recognition guidance superseded by ASC Topic 606. Revenue Recognition Summary: We generate revenue through the sale of equipment, supplies and maintenance and printing services. Revenue is measured based on consideration specified in a contract with a customer and is recognized when we satisfy a performance obligation by transferring control of a product to a customer or in the period the customer benefits from the service. With the exception of our sales-type lease arrangements, our invoices to the customer, which normally have short-term payment terms, are typically aligned to the transfer of goods or as services are rendered to our customers and therefore in most cases we recognize revenue based on our right to invoice customers. As a result of the application of this practical expedient for the substantial portion of our revenue, the disclosure of the value of unsatisfied performance obligations for our services is not required. Significant judgments primarily include the identification of performance obligations in our Document management services arrangements as well the pattern of delivery for those services. More specifically, revenue related to our products and services is generally recognized as follows: Equipment: Revenues from the sale of equipment directly to end customers, including those from sales-type leases (see below), are recognized when obligations under the terms of a contract with our customer are satisfied and control has been transferred to the customer. For equipment placements that require us to install the product at the customer location, revenue is normally recognized when the equipment has been delivered and installed at the customer location. Sales of customer installable products are recognized upon shipment or receipt by the customer according to the customer's shipping terms. Revenue from the equipment performance obligation also includes certain analyst training services performed in connection with the installation or delivery of the equipment . Maintenance services: We provide maintenance agreements on our equipment that include service and supplies for which the customer may pay a base minimum plus a price-per-page charge for usage. In arrangements that include minimums, those minimums are normally set below the customer’s estimated page volumes and are not considered substantive. These agreements are sold as part of a bundled lease arrangement or through distributors and resellers. We normally account for these maintenance agreements as a single performance obligation for printing services being delivered in a series with delivery being measured by usage as billed to the customer. Accordingly, revenue on these agreements are normally recognized as billed to the customer over the term of the agreements based on page volumes. A substantial portion of our products are sold with full service maintenance agreements, accordingly, other than the product warranty obligations associated with certain of our entry level products, we do not have any significant warranty obligations, including any obligations under customer satisfaction programs. Document management services: Revenues associated with our document management services are generally recognized as printing services are rendered, which is generally on the basis of the number of images produced. Revenues on unit-price contracts are recognized at the contractual selling prices as work is completed by the customer. We account for these arrangements as a single performance obligation for printing services being delivered in a series with delivery being measured by usage as billed to the customer . Our services contracts may also include the sale or lease of equipment and software. In these instances we follow the policies noted for Equipment or Software Revenues and separately report the revenue associated with these performance obligations. Certain document management services arrangements may also include an embedded lease of equipment. In these instances the revenues associated with the lease are recognized in accordance with the requirements for lease accounting. Sales to distributors and resellers: We utilize distributors and resellers to sell our equipment, supplies and maintenance services to end-user customers. We refer to our distributor and reseller network as our two-tier distribution model. Revenues on sales to distributors and resellers are generally recognized when products are shipped to such distributors and resellers. However, revenue is only recognized when the distributor or reseller has economic substance apart from the company such that collectability is probable and we have no further obligations related to bringing about the resale, delivery or installation of the product that would impact transfer of control. Revenues associated with maintenance agreements sold through distributors and resellers to end customers are recognized in a consistent manner to maintenance services. Revenue that may be subject to a reversal of revenue due to contractual terms or uncertainties are not recorded as revenue until the contractual provisions lapse or the uncertainties are resolved. Distributors and resellers participate in various rebate, price-protection, cooperative marketing and other programs, and we estimate the variable consideration associated with these programs and record those amounts as a reduction to revenue when the sales occur. Similarly, we account for our estimates of sales returns and other allowances when the sales occur based on our historical experience. In certain instances, we may provide lease financing to end-user customers who purchased equipment we sold to distributors or resellers. We are not obligated to provide financing and we compete with other third-party leasing companies with respect to the lease financing provided to these end-user customers. Bundled Lease Arrangements: A significant portion of our direct sales of equipment to end customers are made through bundled lease arrangements, which typically include equipment, maintenance and financing components for which the customer pays a single negotiated fixed minimum monthly payment for all elements over the contractual lease term. These arrangements also typically include an incremental, variable component for page volumes in excess of contractual page volume minimums, which are often expressed in terms of price-per-page. The fixed minimum monthly payments are multiplied by the number of months in the contract term to arrive at the total fixed minimum payments that the customer is obligated to make (fixed payments) over the lease term. In applying our lease accounting methodology, we only consider the fixed payments for purposes of allocating to the relative fair value elements of the contract. Revenues under bundled arrangements are allocated considering the relative standalone selling prices of the lease and non-lease deliverables included in the bundled arrangement. Lease deliverables include the equipment, financing, maintenance and other executory costs, while non-lease deliverables generally consist of the supplies and non-maintenance services. The allocation for the lease deliverables begins by allocating revenues to the maintenance and other executory costs plus a profit thereon. These elements are generally recognized over the term of the lease as service revenue. The remaining amounts are allocated to the equipment and financing elements which are subjected to the accounting estimates noted below under “Leases”. Leases: The two primary lease accounting provisions we assess for the classification of transactions as sales-type or operating leases are: (1) a review of the lease term to determine if it is equal to or greater than 75% of the economic life of the equipment and (2) a review of the present value of the minimum lease payments to determine if they are equal to or greater than 90% of the fair market value of the equipment at the inception of the lease. Equipment placements included in arrangements meeting these conditions are accounted for as sales-type leases and revenue is recognized as noted above for Equipment. Equipment placements included in arrangements that don’t meet these conditions are accounted for as operating leases and revenue is recognized over the term of the lease. We consider the economic life of most of our products to be five years, since this represents the most frequent contractual lease term for our principal products and only a small percentage of our leases are for original terms longer than five years. There is no significant after-market for our used equipment. We believe five years is representative of the period during which the equipment is expected to be economically usable, with normal service, for the purpose for which it is intended. Residual values are not significant. With respect to fair value, we perform an analysis of equipment fair value based on cash selling prices during the applicable period. The cash selling prices are compared to the range of values determined for our leases. The range of cash selling prices must be reasonably consistent with the lease selling prices in order for us to determine that such lease prices are indicative of fair value. Our lease pricing interest rates, which are used in determining customer payments in a bundled lease arrangement, are developed based upon a variety of factors including local prevailing rates in the marketplace and the customer’s credit history, industry and credit class. We reassess our pricing interest rates quarterly based on changes in the local prevailing rates in the marketplace. These interest rates have generally been adjusted if the rates vary by 25 basis points or more, cumulatively, from the rate last in effect. The pricing interest rates generally equal the implicit rates within the leases, as corroborated by our comparisons of cash to lease selling prices. Software: Most of our equipment has both software and non-software components that function together to deliver the equipment's essential functionality and therefore they are accounted for together as part of equipment sales revenues. Software accessories sold in connection with our equipment sales, as well as free-standing software sales are accounted for as separate performance obligations if determined to be material in relation to the overall arrangement. Revenue from software is not a significant component of our Total revenues. Supplies: Supplies revenue is recognized upon transfer of control to the customer, generally upon utilization or shipment to the customer in accordance with the sales contract terms. Financing: Finance income attributable to sales-type leases, direct financing leases and installment loans is recognized on the accrual basis using the effective interest method. Revenues disaggregated by primary geographic markets, major product lines, and sales channels are as follows: Three Months Ended 2018 2017 Primary geographical markets (1) : United States $ 1,414 $ 1,469 Europe 676 640 Canada 144 145 Other 201 200 Total Revenues $ 2,435 $ 2,454 Major product and services lines: Equipment (2) $ 499 $ 502 Supplies, paper and other sales 434 434 Maintenance agreements (3) 631 640 Service arrangements (4) 623 622 Rental and other 177 180 Financing 71 76 Total Revenues $ 2,435 $ 2,454 Sales channels: Direct equipment lease (5) $ 160 $ 160 Distributors & resellers (6) 331 321 Customer direct 442 455 Total Sales $ 933 $ 936 _____________ (1) Geographic area data is based upon the location of the subsidiary reporting the revenue. (2) 2017 Equipment sale revenues exclude $11 of equipment-related training revenue, which was classified as Services under previous revenue guidance - see "Adoption Summary" above. (3) Includes revenues from maintenance agreements on sold equipment as well as revenues associated with service agreements sold in our small and mid-sized business (SMB) focused channels and through our channel partners as Xerox Partner Print Services (XPPS). (4) Primarily includes revenues from our Managed Document Services (MDS) offerings. Also includes revenues from embedded operating leases, which were not significant. (5) Primarily reflects direct sales through bundled lease arrangements. (6) Primarily reflects sales through our two-tier distribution channels. Other Revenue Recognition Policies Contract assets and liabilities: We normally do not have contract assets, which are primarily unbilled accounts receivable that are conditional on something other than the passage of time. Our contract liabilities, which represent billings in excess of revenue recognized, are primarily related to advanced billings for maintenance and other services to be performed and were approximately $87 and $91 at March 31, 2018 and January, 1, 2018, respectively. The majority of the balance at March 31, 2018 will be amortized to revenue over approximately the next 30 months . Contract Costs: Incremental direct costs of obtaining a contract primarily include sales commissions paid to sales people and agents in connection with the placement of equipment with associated post sale services arrangements. These costs are deferred and amortized on the straight-line basis over the estimated contract term , which is currently estimated to be approximately four years. We pay commensurate sales commissions upon customer renewals, therefore our amortization period is aligned to our initial contract term. In the first quarter 2018, incremental direct costs of obtaining a contract of $17 were deferred and amortization was $24 . The balance of deferred incremental direct costs net of accumulated amortization at March 31, 2018 was $179 . This amount is expected to be amortized over its estimated period of benefit, which we currently estimate to be approximately four years. We may also incur costs associated with our services arrangements to generate or enhance resources and assets that will be used to satisfy our future performance obligations included in these arrangements. These costs are considered contract fulfillment costs. These costs are amortized over the contractual service period of the arrangement to cost of services. In addition, we also provide inducements to certain customers in various forms, including contractual credits, which are capitalized and amortized as a reduction of revenue over the term of the contract. Amounts deferred associated with contract fulfillment costs and inducements were $10 at March 31, 2018. Equipment and software used in the fulfillment of service arrangements and where the company retains control are capitalized and depreciated over the shorter of their useful life or the term of the contract if an asset is contract specific. Revenue-based Taxes: Revenue-based taxes assessed by governmental authorities that are both imposed on and concurrent with specific revenue-producing transactions, and that are collected by the company from a customer, are excluded from revenue. The primary revenue-based taxes are sales tax and value-added tax (VAT). Shipping and Handling: Shipping and handling costs are accounted for as a fulfillment cost and are included in Cost of sales in the Condensed Consolidated Statements of Income.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Leases In February 2016, the FASB issued ASU 2016-02 , Leases . This update requires the recognition of leased assets and lease obligations by lessees for those leases currently classified as operating leases under existing lease guidance. Short term leases with a term of 12 months or less are not required to be recognized. The update also requires disclosure of key information about leasing arrangements to increase transparency and comparability among organizations. The accounting for lessors does not fundamentally change except for changes to conform and align guidance to the lessee guidance as well as to the new revenue recognition guidance in ASU 2014-09. This update is effective for our fiscal year beginning January 1, 2019. We are currently evaluating the impact of the adoption of ASU 2016-02 on our consolidated financial statements. The aggregate undiscounted value of our operating lease commitments at December 31, 2017 was approximately $450 and was primarily related to leases of facilities. Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13 , Financial Instruments Credit Losses - Measurement of Credit Losses on Financial Instruments, which requires measurement and recognition of expected credit losses for financial assets. The update impacts financial assets and net investment in leases that are not accounted for at fair value through net income. This update is effective for our fiscal year beginning January 1, 2020, with early adoption permitted as of January 1, 2019. We are currently evaluating the impact of the adoption of ASU 2016-13 on our consolidated financial statements. Cash Flows In August 2016, the FASB issued ASU 2016-15 , Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments. This update provides specific guidance on eight cash flow classification issues where current guidance is either unclear or does not include specific requirements. We adopted ASU 2016-15 effective for our fiscal year beginning January 1, 2018. This update includes specific guidance which requires cash collected on beneficial interests received in a sale of receivables be classified as inflows from investing activities. Currently, those collections are reported in operating cash flows. We reported $54 of collections on beneficial interests as operating cash inflows on the Statement of Cash Flows for the three months ended March 31, 2017. Accordingly, since the update must be applied retrospectively, our reported 2017 operating and investing cash flows were revised in 2018 to report this amount as investing cash flows. There is no expected impact to our 2018 cash flows from this reporting change due to the termination of all accounts receivable sales arrangements in North America and most arrangements in Europe and the final repurchase of previously sold finance receivables during the fourth quarter of 2017. The other seven issues noted in this update are not expected to have a material impact on our financial condition, results of operations or cash flows. Additionally, in November 2016 the FASB issued ASU 2016-18 , Statement of Cash Flows - Restricted Cash . The update requires that amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. We adopted ASU 2016-18 effective for our fiscal year beginning January 1, 2018 and applied it retrospectively through a revision of previously reported amounts. We held $76 and $75 of restricted cash, currently reported in other current or long-term assets at March 31, 2018 and December 31, 2017, respectively. The changes in our restricted cash balances were primarily related to our accounts receivable sales programs, which were terminated during the fourth quarter of 2017. Accordingly, this update is not expected to have a material impact on our financial condition, results of operations or cash flows. Refer to Note 6 - Cash, Cash Equivalents and Restricted Cash for additional information. Retirement Benefits In March 2017, the FASB issued ASU 2017-07 , Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . This update changes how employers that sponsor defined benefit pension plans and other postretirement plans present net periodic benefit costs in the income statement. An employer is required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the affected employees during the period. Other components of net retirement benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. We elected to report these costs as a separate item within Other expenses, net. The update also allows only the service cost component to be eligible for capitalization, when applicable. We adopted ASU 2017-07 effective for us beginning January 1, 2018. The presentation requirements of this update were required to be applied retrospectively through a revision of previously reported amounts. The requirement to limit capitalization to the service cost component was required to be applied prospectively. The adoption of this update is not expected to have a material impact on our financial condition, results of operations or cash flows. Refer to Note 15 - Employee Benefit Plans for the service cost component and other components of net retirement benefit cost. The following table reflects the adjustment of selected lines from our Condensed Consolidated Statements of Income to the recasted amounts as a result of the adoption of this update: Three Months Ended March 31, 2017 (in millions) As Reported Adjustment As Recasted Cost of sales $ 567 $ (2 ) $ 565 Costs of services, maintenance and rentals 900 (19 ) 881 Research, development and engineering expenses 118 (7 ) 111 Selling, administrative and general expenses 664 (30 ) 634 Restructuring and related costs 120 (2 ) 118 Other expenses, net 54 60 114 Business Combinations In January 2017, the FASB issued ASU 2017-01 , Business Combinations (Topic 805): Clarifying the Definition of a Business , which clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. We adopted ASU 2017-01 effective for our fiscal year beginning January 1, 2018 and the adoption did not have nor is it expected to have a material impact on our financial condition, results of operations or cash flows. Income Taxes In October 2016, the FASB issued ASU 2016-16 , Income Taxes - Intra-Entity Transfers of Assets Other than Inventory. This update requires recognition of the income-tax consequences of an intra-entity transfer of assets other than inventory when the transfer occurs. Under current GAAP, recognition of the income tax consequences for asset transfers other than inventory could not be recognized until the asset was sold to a third party. We adopted ASU 2016-16 effective for our fiscal year beginning January 1, 2018 and the adoption did not have nor is it expected to have a material impact on our financial condition, results of operations or cash flows. In February 2018, the FASB issued ASU No, 2018-02 , Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The update allows the reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act ("Tax Act") enacted in December 2017. Consequently, the update eliminates the stranded tax effects resulting from the Tax Act and will improve the usefulness of information reported to financial statement users. However, because the update only relates to the reclassification of the income tax effects of the Tax Act, the underlying guidance that requires that the effect of a change in tax laws or rates be included in income from continuing operations is not affected. The update also requires certain disclosures about stranded tax effects. The update is effective for our fiscal year beginning January 1, 2019. Early adoption of this update is permitted, including adoption in any interim period. The update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The company is currently evaluating the impact of adopting this new guidance. In December 2017, the Securities and Exchange Commission issued Staff Accounting Bulletin ("SAB") No. 118 (as further clarified by the FASB's ASU 2018-05 , Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 ) to provide guidance for companies that may not have completed their accounting for the income tax effects of the Tax Act. SAB No. 118 provides for a provisional one year measurement period for entities to finalize their accounting for certain income tax effects related to the Tax Act. SAB No. 118 provides guidance where: (i) the accounting for the income tax effect of the Tax Act is complete and reported in the Tax Act's enactment period, (ii) the accounting for the income tax effect of the Tax Act is incomplete and reported as provisional amounts based on reasonable estimates (to the extent determinable) subject to adjustments during a limited measurement period until complete, and (iii) accounting for the income tax effect of the Tax Act is not reasonably estimable (no related provisional amounts are reported in the enactment period) and entities would continue to apply accounting based on tax law provisions in effect prior to the Tax Act enactment until provisional amounts are reasonably estimable. SAB No. 118 requires disclosure of the reasons for incomplete accounting additional information or analysis needed, among other relevant information. During the fourth quarter 2017, we recorded an estimated non-cash provisional charge of $400 reflecting the impact associated with the provisions of the Tax Act based on currently available information. No further adjustment of that estimated provisional charge was made in the first quarter 2018, however we continue to evaluate impacts from the Tax Act and likely will do so through the expected filing of our 2017 U.S. Tax Return in the third quarter 2018. Any adjustments to these provisional amounts will be reported as a component of Income tax expense in the reporting period in which any such adjustments are determined. Derivatives In August 2017, the FASB issued ASU 2017-12 , Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The amendments in this update expand and refine hedge accounting for both financial and non-financial risk components, aligns the recognition and presentation of the effects of hedging instruments with the same income statement line item that the hedged item is reported and includes certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. This update is effective for our fiscal year beginning January 1, 2019, with early adoption permitted at any interim period. We are currently evaluating the impact of the adoption of ASU 2017-12 on our consolidated financial statements. Other Updates In 2018 , 2017 and 2016 , the FASB also issued the following Accounting Standards Updates which did not have or are not expected to have a material impact on our financial condition, results of operations or cash flows upon adoption. Those updates are as follows: • Investments - Debt Securities and Regulated Operations: ASU 2018-04 , (Topics 320 and 980) Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (SEC Update). • Leases: ASU 2018-01 , (Topic 842) Land Easement Practical Expedient for Transition to Topic 842. This update is effective for our fiscal year beginning January 1, 2019. • Service Concession Arrangements: ASU 2017-10 , (Topic 853) Determining the Customer of the Operation Services (a consensus of the FASB Emerging Issues Task Force). This update is effective for our fiscal year beginning January 1, 2018. • Compensation - Stock Compensation: ASU 2017-09 , (Topic 718) Scope of Modification Accounting. This update is effective for our fiscal year beginning January 1, 2018. • Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets: ASU 2017-05 , (Subtopic 610-20) Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. This update is effective for our fiscal year beginning January 1, 2018. • Financial Instruments - Classification and Measurement: ASU 2016-01 , Financial Instruments - Recognition and Measurement of Financial Instruments and Financial Liabilities. This update is effective for our fiscal year beginning January 1, 2018.

Divestitures

Divestitures	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Divestitures	Divestitures Business Process Outsourcing (BPO) On December 31, 2016 , Xerox completed the Separation of its BPO business through the Distribution of all of the issued and outstanding stock of Conduent to Xerox Corporation stockholders. As a result of the Separation and Distribution, the financial position and results of operations of the BPO business are presented as discontinued operations and, as such, have been excluded from continuing operations for all periods presented. The loss from operations in the first quarter 2017 primarily reflected changes in estimates of separation-related costs. Summarized financial information for our Discontinued Operations is as follows: Three Months Ended 2018 2017 Loss from operations $ — $ 8 Loss on disposal — — Net loss before income taxes — (8 ) Income tax benefit — 2 Loss from discontinued operations, net of tax $ — $ (6 )

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2018
Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash, Cash Equivalents and Restricted Cash [Text Block]	Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash amounts were as follows: March 31, 2018 December 31, 2017 Cash and cash equivalents $ 1,398 $ 1,293 Restricted cash Tax and labor litigation deposits in Brazil 72 72 Other restricted cash 4 3 Total Restricted cash 76 75 Cash, cash equivalents and restricted cash $ 1,474 $ 1,368 Restricted Cash Restricted cash primarily relates to escrow cash deposits made in Brazil associated with tax and labor litigation. As more fully discussed in Note 19 - Contingencies and Litigation, various litigation matters in Brazil require us to make cash deposits to escrow as a condition of continuing the litigation. Restricted cash amounts are classified in our Condensed Consolidated Balance Sheets based on when the cash is expected to be contractually or judicially released. Restricted cash was reported in the Condensed Consolidated Balance Sheet as follows: March 31, 2018 December 31, 2017 Other current assets $ 2 $ 1 Other long-term assets 74 74 Total Restricted cash $ 76 $ 75

Accounts Receivable, Net

Accounts Receivable, Net	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net were as follows: March 31, 2018 December 31, 2017 Invoiced $ 1,033 $ 1,048 Accrued 352 368 Allowance for doubtful accounts (59 ) (59 ) Accounts receivable, net $ 1,326 $ 1,357 Amounts to be invoiced in the subsequent quarter for current services provided are included in amounts accrued. We perform ongoing credit evaluations of our customers and adjust credit limits based upon customer payment history and current creditworthiness. The allowance for uncollectible accounts receivable is determined principally on the basis of past collection experience as well as consideration of current economic conditions and changes in our customer collection trends. Accounts Receivable Sales Arrangements Accounts receivable sales arrangements are utilized in the normal course of business as part of our cash and liquidity management. The accounts receivable sold are generally short-term trade receivables with payment due dates of less than 60 days. During the fourth quarter 2017 we terminated all accounts receivable sales arrangements in North America and all but one arrangement in Europe. The remaining facility in Europe enables us to sell accounts receivable associated with our distributor network on an ongoing basis without recourse. Under this arrangement, we sell our entire interest in the related accounts receivable for cash and no portion of the payment is held back or deferred by the purchaser. Of the accounts receivable sold and derecognized from our balance sheet, $114 and $161 remained uncollected as of March 31, 2018 and December 31, 2017 , respectively. Accounts receivable sales were as follows: Three Months Ended 2018 2017 Accounts receivable sales (1) $ 103 $ 511 Deferred proceeds — 52 Loss on sales of accounts receivable 1 3 Estimated decrease to operating cash flows (2) (50 ) (65 ) __________________________ (1) Customers may also enter into structured-payable arrangements that require us to sell our receivables from that customer to a third-party financial institution, which then makes payments to us to settle the customer's receivable. In these instances we ensure the sale of the receivables are bankruptcy remote and the payment made to us is without recourse. The activity associated with these arrangements is not reflected in this disclosure as payments under these arrangements have not been material and these are customer directed arrangements. (2) Represents the difference between current and prior period receivable sales adjusted for the effects of: (i) the deferred proceeds, (ii) collections prior to the end of the quarter and, (iii) currency. Finance Receivables, Net Finance Receivables – Allowance for Credit Losses and Credit Quality Finance receivables include sales-type leases, direct financing leases and installment loans arising from the marketing of our equipment. Our finance receivable portfolios are primarily in the U.S., Canada and Europe. We generally establish customer credit limits and estimate the allowance for credit losses on a country or geographic basis. Our policy and methodology used to establish our allowance for doubtful accounts has been consistently applied over all periods presented. The following table is a rollforward of the allowance for doubtful finance receivables as well as the related investment in finance receivables: Allowance for Credit Losses: United States Canada Europe Other (1) Total Balance at December 31, 2017 $ 56 $ 15 $ 35 $ 2 $ 108 Provision 5 — 4 — 9 Charge-offs (5 ) (1 ) (4 ) — (10 ) Recoveries and other (2) — — 1 — 1 Balance at March 31, 2018 $ 56 $ 14 $ 36 $ 2 $ 108 Finance receivables as of March 31, 2018 collectively evaluated for impairment (3) $ 1,994 $ 373 $ 1,364 $ 62 $ 3,793 Balance at December 31, 2016 $ 55 $ 16 $ 37 $ 2 $ 110 Provision 4 — 5 — 9 Charge-offs (6 ) (2 ) (2 ) — (10 ) Recoveries and other (2) — 2 — — 2 Balance at March 31, 2017 $ 53 $ 16 $ 40 $ 2 $ 111 Finance receivables as of March 31, 2017 collectively evaluated for impairment (3) $ 2,108 $ 382 $ 1,276 $ 51 $ 3,817 __________________ (1) Includes developing market countries and smaller units. (2) Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations. (3) Total Finance receivables exclude the allowance for credit losses of $108 and $111 at March 31, 2018 and 2017 , respectively. We evaluate our customers based on the following credit quality indicators: • Investment grade: This rating includes accounts with excellent to good business credit, asset quality and capacity to meet financial obligations. These customers are less susceptible to adverse effects due to shifts in economic conditions or changes in circumstance. The rating generally equates to a Standard & Poor's (S&P) rating of BBB- or better. Loss rates in this category are normally less than 1% . • Non-investment grade: This rating includes accounts with average credit risk that are more susceptible to loss in the event of adverse business or economic conditions. This rating generally equates to a BB S&P rating. Although we experience higher loss rates associated with this customer class, we believe the risk is somewhat mitigated by the fact that our leases are fairly well dispersed across a large and diverse customer base. In addition, the higher loss rates are largely offset by the higher rates of return we obtain with such leases. Loss rates in this category are generally in the range of 2% to 5% . • Substandard: This rating includes accounts that have marginal credit risk such that the customer’s ability to make repayment is impaired or may likely become impaired. We use numerous strategies to mitigate risk including higher rates of interest, prepayments, personal guarantees, etc. Accounts in this category include customers who were downgraded during the term of the lease from investment and non-investment grade evaluation when the lease was originated. Accordingly, there is a distinct possibility for a loss of principal and interest or customer default. The loss rates in this category are generally in the range of 7% to 10% . Credit quality indicators are updated at least annually and the credit quality of any given customer can change during the life of the portfolio. Details about our finance receivables portfolio based on industry and credit quality indicators are as follows: March 31, 2018 December 31, 2017 Investment Grade Non-investment Grade Substandard Total Finance Receivables Investment Grade Non-investment Grade Substandard Total Finance Receivables Finance and other services $ 193 $ 334 $ 82 $ 609 $ 199 $ 345 $ 75 $ 619 Government and education 480 62 6 548 490 61 6 557 Graphic arts 86 93 133 312 84 97 141 322 Industrial 80 84 15 179 82 84 14 180 Healthcare 90 46 8 144 88 48 9 145 Other 66 95 41 202 68 98 40 206 Total United States 995 714 285 1,994 1,011 733 285 2,029 Finance and other services 52 39 26 117 54 42 27 123 Government and education 44 5 4 53 48 5 5 58 Graphic arts 30 33 27 90 34 35 27 96 Industrial 19 11 11 41 20 12 11 43 Other 34 23 15 72 36 25 16 77 Total Canada 179 111 83 373 192 119 86 397 France 244 213 23 480 234 226 22 482 U.K./Ireland 109 145 11 265 106 150 10 266 Central (1) 196 144 16 356 189 149 16 354 Southern (2) 46 153 14 213 52 144 13 209 Nordics (3) 29 20 1 50 29 21 1 51 Total Europe 624 675 65 1,364 610 690 62 1,362 Other 38 21 3 62 38 28 6 72 Total $ 1,836 $ 1,521 $ 436 $ 3,793 $ 1,851 $ 1,570 $ 439 $ 3,860 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland. The aging of our billed finance receivables is based upon the number of days an invoice is past due and is as follows: March 31, 2018 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 14 $ 3 $ 1 $ 18 $ 591 $ 609 $ 11 Government and education 16 4 3 23 525 548 26 Graphic arts 12 1 — 13 299 312 5 Industrial 5 1 1 7 172 179 4 Healthcare 4 1 1 6 138 144 4 Other 6 1 1 8 194 202 3 Total United States 57 11 7 75 1,919 1,994 53 Canada 8 2 1 11 362 373 19 France 7 — — 7 473 480 16 U.K./Ireland 1 1 — 2 263 265 — Central (1) 1 1 1 3 353 356 6 Southern (2) 4 1 1 6 207 213 8 Nordics (3) 1 — — 1 49 50 — Total Europe 14 3 2 19 1,345 1,364 30 Other 3 — — 3 59 62 — Total $ 82 $ 16 $ 10 $ 108 $ 3,685 $ 3,793 $ 102 December 31, 2017 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 18 $ 3 $ 1 $ 22 $ 597 $ 619 $ 12 Government and education 18 3 3 24 533 557 21 Graphic arts 12 1 — 13 309 322 6 Industrial 6 1 1 8 172 180 4 Healthcare 5 1 1 7 138 145 5 Other 7 1 1 9 197 206 3 Total United States 66 10 7 83 1,946 2,029 51 Canada 8 2 1 11 386 397 17 France 6 — — 6 476 482 22 U.K./Ireland 3 — — 3 263 266 — Central (1) 1 2 — 3 351 354 6 Southern (2) 4 1 1 6 203 209 6 Nordics (3) — — — — 51 51 — Total Europe 14 3 1 18 1,344 1,362 34 Other 3 — — 3 69 72 — Total $ 91 $ 15 $ 9 $ 115 $ 3,745 $ 3,860 $ 102 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland.

Finance Receivables, Net

Finance Receivables, Net	3 Months Ended
	Mar. 31, 2018
Financing Receivable, Net [Abstract]
Finance Receivables, Net	Accounts Receivable, Net Accounts receivable, net were as follows: March 31, 2018 December 31, 2017 Invoiced $ 1,033 $ 1,048 Accrued 352 368 Allowance for doubtful accounts (59 ) (59 ) Accounts receivable, net $ 1,326 $ 1,357 Amounts to be invoiced in the subsequent quarter for current services provided are included in amounts accrued. We perform ongoing credit evaluations of our customers and adjust credit limits based upon customer payment history and current creditworthiness. The allowance for uncollectible accounts receivable is determined principally on the basis of past collection experience as well as consideration of current economic conditions and changes in our customer collection trends. Accounts Receivable Sales Arrangements Accounts receivable sales arrangements are utilized in the normal course of business as part of our cash and liquidity management. The accounts receivable sold are generally short-term trade receivables with payment due dates of less than 60 days. During the fourth quarter 2017 we terminated all accounts receivable sales arrangements in North America and all but one arrangement in Europe. The remaining facility in Europe enables us to sell accounts receivable associated with our distributor network on an ongoing basis without recourse. Under this arrangement, we sell our entire interest in the related accounts receivable for cash and no portion of the payment is held back or deferred by the purchaser. Of the accounts receivable sold and derecognized from our balance sheet, $114 and $161 remained uncollected as of March 31, 2018 and December 31, 2017 , respectively. Accounts receivable sales were as follows: Three Months Ended 2018 2017 Accounts receivable sales (1) $ 103 $ 511 Deferred proceeds — 52 Loss on sales of accounts receivable 1 3 Estimated decrease to operating cash flows (2) (50 ) (65 ) __________________________ (1) Customers may also enter into structured-payable arrangements that require us to sell our receivables from that customer to a third-party financial institution, which then makes payments to us to settle the customer's receivable. In these instances we ensure the sale of the receivables are bankruptcy remote and the payment made to us is without recourse. The activity associated with these arrangements is not reflected in this disclosure as payments under these arrangements have not been material and these are customer directed arrangements. (2) Represents the difference between current and prior period receivable sales adjusted for the effects of: (i) the deferred proceeds, (ii) collections prior to the end of the quarter and, (iii) currency. Finance Receivables, Net Finance Receivables – Allowance for Credit Losses and Credit Quality Finance receivables include sales-type leases, direct financing leases and installment loans arising from the marketing of our equipment. Our finance receivable portfolios are primarily in the U.S., Canada and Europe. We generally establish customer credit limits and estimate the allowance for credit losses on a country or geographic basis. Our policy and methodology used to establish our allowance for doubtful accounts has been consistently applied over all periods presented. The following table is a rollforward of the allowance for doubtful finance receivables as well as the related investment in finance receivables: Allowance for Credit Losses: United States Canada Europe Other (1) Total Balance at December 31, 2017 $ 56 $ 15 $ 35 $ 2 $ 108 Provision 5 — 4 — 9 Charge-offs (5 ) (1 ) (4 ) — (10 ) Recoveries and other (2) — — 1 — 1 Balance at March 31, 2018 $ 56 $ 14 $ 36 $ 2 $ 108 Finance receivables as of March 31, 2018 collectively evaluated for impairment (3) $ 1,994 $ 373 $ 1,364 $ 62 $ 3,793 Balance at December 31, 2016 $ 55 $ 16 $ 37 $ 2 $ 110 Provision 4 — 5 — 9 Charge-offs (6 ) (2 ) (2 ) — (10 ) Recoveries and other (2) — 2 — — 2 Balance at March 31, 2017 $ 53 $ 16 $ 40 $ 2 $ 111 Finance receivables as of March 31, 2017 collectively evaluated for impairment (3) $ 2,108 $ 382 $ 1,276 $ 51 $ 3,817 __________________ (1) Includes developing market countries and smaller units. (2) Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations. (3) Total Finance receivables exclude the allowance for credit losses of $108 and $111 at March 31, 2018 and 2017 , respectively. We evaluate our customers based on the following credit quality indicators: • Investment grade: This rating includes accounts with excellent to good business credit, asset quality and capacity to meet financial obligations. These customers are less susceptible to adverse effects due to shifts in economic conditions or changes in circumstance. The rating generally equates to a Standard & Poor's (S&P) rating of BBB- or better. Loss rates in this category are normally less than 1% . • Non-investment grade: This rating includes accounts with average credit risk that are more susceptible to loss in the event of adverse business or economic conditions. This rating generally equates to a BB S&P rating. Although we experience higher loss rates associated with this customer class, we believe the risk is somewhat mitigated by the fact that our leases are fairly well dispersed across a large and diverse customer base. In addition, the higher loss rates are largely offset by the higher rates of return we obtain with such leases. Loss rates in this category are generally in the range of 2% to 5% . • Substandard: This rating includes accounts that have marginal credit risk such that the customer’s ability to make repayment is impaired or may likely become impaired. We use numerous strategies to mitigate risk including higher rates of interest, prepayments, personal guarantees, etc. Accounts in this category include customers who were downgraded during the term of the lease from investment and non-investment grade evaluation when the lease was originated. Accordingly, there is a distinct possibility for a loss of principal and interest or customer default. The loss rates in this category are generally in the range of 7% to 10% . Credit quality indicators are updated at least annually and the credit quality of any given customer can change during the life of the portfolio. Details about our finance receivables portfolio based on industry and credit quality indicators are as follows: March 31, 2018 December 31, 2017 Investment Grade Non-investment Grade Substandard Total Finance Receivables Investment Grade Non-investment Grade Substandard Total Finance Receivables Finance and other services $ 193 $ 334 $ 82 $ 609 $ 199 $ 345 $ 75 $ 619 Government and education 480 62 6 548 490 61 6 557 Graphic arts 86 93 133 312 84 97 141 322 Industrial 80 84 15 179 82 84 14 180 Healthcare 90 46 8 144 88 48 9 145 Other 66 95 41 202 68 98 40 206 Total United States 995 714 285 1,994 1,011 733 285 2,029 Finance and other services 52 39 26 117 54 42 27 123 Government and education 44 5 4 53 48 5 5 58 Graphic arts 30 33 27 90 34 35 27 96 Industrial 19 11 11 41 20 12 11 43 Other 34 23 15 72 36 25 16 77 Total Canada 179 111 83 373 192 119 86 397 France 244 213 23 480 234 226 22 482 U.K./Ireland 109 145 11 265 106 150 10 266 Central (1) 196 144 16 356 189 149 16 354 Southern (2) 46 153 14 213 52 144 13 209 Nordics (3) 29 20 1 50 29 21 1 51 Total Europe 624 675 65 1,364 610 690 62 1,362 Other 38 21 3 62 38 28 6 72 Total $ 1,836 $ 1,521 $ 436 $ 3,793 $ 1,851 $ 1,570 $ 439 $ 3,860 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland. The aging of our billed finance receivables is based upon the number of days an invoice is past due and is as follows: March 31, 2018 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 14 $ 3 $ 1 $ 18 $ 591 $ 609 $ 11 Government and education 16 4 3 23 525 548 26 Graphic arts 12 1 — 13 299 312 5 Industrial 5 1 1 7 172 179 4 Healthcare 4 1 1 6 138 144 4 Other 6 1 1 8 194 202 3 Total United States 57 11 7 75 1,919 1,994 53 Canada 8 2 1 11 362 373 19 France 7 — — 7 473 480 16 U.K./Ireland 1 1 — 2 263 265 — Central (1) 1 1 1 3 353 356 6 Southern (2) 4 1 1 6 207 213 8 Nordics (3) 1 — — 1 49 50 — Total Europe 14 3 2 19 1,345 1,364 30 Other 3 — — 3 59 62 — Total $ 82 $ 16 $ 10 $ 108 $ 3,685 $ 3,793 $ 102 December 31, 2017 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 18 $ 3 $ 1 $ 22 $ 597 $ 619 $ 12 Government and education 18 3 3 24 533 557 21 Graphic arts 12 1 — 13 309 322 6 Industrial 6 1 1 8 172 180 4 Healthcare 5 1 1 7 138 145 5 Other 7 1 1 9 197 206 3 Total United States 66 10 7 83 1,946 2,029 51 Canada 8 2 1 11 386 397 17 France 6 — — 6 476 482 22 U.K./Ireland 3 — — 3 263 266 — Central (1) 1 2 — 3 351 354 6 Southern (2) 4 1 1 6 203 209 6 Nordics (3) — — — — 51 51 — Total Europe 14 3 1 18 1,344 1,362 34 Other 3 — — 3 69 72 — Total $ 91 $ 15 $ 9 $ 115 $ 3,745 $ 3,860 $ 102 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories The following is a summary of Inventories by major category: March 31, 2018 December 31, 2017 Finished goods $ 857 $ 777 Work-in-process 49 49 Raw materials 95 89 Total Inventories $ 1,001 $ 915

Investment in Affiliates, at Eq

Investment in Affiliates, at Equity	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Affiliates, at Equity	Investment in Affiliates, at Equity Our Equity in net (loss) income of unconsolidated affiliates was as follows: Three Months Ended 2018 2017 Fuji Xerox $ (70 ) $ 37 Other 2 3 Total Equity in net (loss) income of unconsolidated affiliates $ (68 ) $ 40 Fuji Xerox Equity in net (loss) income of Fuji Xerox is affected by certain adjustments required to reflect the deferral of profit associated with intercompany sales. These adjustments may result in recorded equity (loss) income that is different from that implied by our 25% ownership interest. In addition, the Equity in net loss of Fuji Xerox for the three months ended March 31, 2018 includes $79 of after-tax restructuring and other charges. In 2018, in connection with the completion of the audits of Fuji Xerox’s fiscal year-end financial statements as of and for the years ended March 31, 2016 and 2017, as well the review of Fuji Xerox’s unaudited interim financial statements as of and for the nine months ended December 31, 2017 and 2016 additional adjustments and misstatements were identified. These additional adjustments and misstatements were to the previously reported net income of Fuji Xerox for the period from 2010 through 2017 and are incremental to the items identified by the IIC discussed in Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements. These incremental adjustments primarily relate to Fuji Xerox’s Asia Pacific subsidiaries and involve improper revenue recognition, including revenue associated with leasing transactions, additional provisions for bad debt allowances and other asset impairments. In certain instances, some of the adjustments related to inappropriate accounting and reporting practices in the Fuji Xerox Asia Pacific subsidiaries where previous misstatements were identified. Fuji Xerox recorded a cumulative charge of JPY 12 billion (approximately $110 based on the Yen/U.S. Dollar average exchange rate for the quarter ended March 31, 2018 of 108.07 ) in their net loss for the quarter ended March 31, 2018 (our first quarter 2018) related to the correction of these additional adjustments and misstatements. Our recognition of 25% of Fuji Xerox’s net loss for Xerox’s first quarter 2018 included an approximately $28 charge related to these adjustments and misstatements. We determined that the impact of the out-of-period misstatements was not material to Xerox’s consolidated financial statements for any individual prior quarter or year and the adjustment to correct the misstatements is not expected to be material to our full year 2018 results. The summarized financial information below for Fuji Xerox has likewise been revised accordingly to reflect the impact of the revision discussed in Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements: Three Months Ended 2018 2017 Summary of Operations: Revenues $ 2,465 $ 2,559 Costs and expenses 2,771 2,352 (Loss) Income before Income Taxes (306 ) 207 Income tax (benefit) expense (39 ) 44 Net (Loss) Income (267 ) 163 Less: Net income attributable to noncontrolling interests — 1 Net (Loss) Income – Fuji Xerox $ (267 ) $ 162 Weighted Average Exchange Rate (1) 108.07 113.72 _____________________________ (1) Represents Yen/U.S. Dollar exchange rate used to translate.

Restructuring Programs

Restructuring Programs	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring Programs	Restructuring Programs During the three months ended March 31, 2018 , we recorded net restructuring and asset impairment charges of $28 , which included $24 of severance costs related to headcount reductions of approximately 400 employees worldwide and $12 of lease cancellation costs. These costs were partially offset by $8 of net reversals, primarily resulting from changes in estimated reserves from prior period initiatives. Costs related to professional support services associated with the implementation of the Strategic Transformation program were minimal. Information related to restructuring program activity is outlined below: Severance and Related Costs Lease Cancellation and Other Costs Asset Impairments (2) Total Balance at December 31, 2017 $ 108 $ 1 $ — $ 109 Provision 24 12 — 36 Reversals (8 ) — — (8 ) Net current period charges (1) 16 12 — 28 Charges against reserve and currency (41 ) (11 ) — (52 ) Balance at March 31, 2018 $ 83 $ 2 $ — $ 85 ____________________________ (1) Represents net amount recognized within the Condensed Consolidated Statements of Income for the period shown for restructuring and asset impairments charges. (2) Charges associated with asset impairments represent the write-down of the related assets to their new cost basis and are recorded concurrently with the recognition of the provision. The following table summarizes the reconciliation to the Condensed Consolidated Statements of Cash Flows: Three Months Ended 2018 2017 Charges against reserve and currency $ (52 ) $ (57 ) Effects of foreign currency and other non-cash items (2 ) (1 ) Restructuring cash payments $ (54 ) $ (58 )

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt Bridge Facility Refer to Note 20 - Fuji Xerox Transaction and Recent Developments for additional information regarding the bridge loan facility entered into in connection with the Fuji Xerox Transaction. Interest Expense and Income Interest expense and income were as follows: Three Months Ended 2018 2017 Interest expense (1) $ 65 $ 69 Interest income (2) 74 78 ____________ (1) Includes Cost of financing as well as non-financing interest expense that is included in Other expenses, net in the Condensed Consolidated Statements of Income. (2) Includes Finance income as well as other interest income that is included in Other expenses, net in the Condensed Consolidated Statements of Income.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Interest Rate Risk Management We use interest rate swap agreements to manage our interest rate exposure and to achieve a desired proportion of variable and fixed rate debt. These derivatives may be designated as fair value hedges or cash flow hedges depending on the nature of the risk being hedged. Fair Value Hedges As of March 31, 2018 , pay variable/receive fixed interest rate swaps with notional amounts of $300 and net liability fair value of $4 were designated and accounted for as fair value hedges. The swaps were structured to hedge the fair value of related debt by converting them from fixed rate instruments to variable rate instruments. No ineffective portion was recorded to earnings for the three months ended March 31, 2018 . The following is a summary of our fair value hedges at March 31, 2018 : Debt Instrument Year First Designated Notional Amount Net Fair Value Weighted Average Interest Rate Paid Interest Rate Received Basis Maturity Senior Note 2021 2014 $ 300 $ (4 ) 2.85 % 4.5 % Libor 2021 Foreign Exchange Risk Management We are a global company that is exposed to foreign currency exchange rate fluctuations in the normal course of our business. As a part of our foreign exchange risk management strategy, we use derivative instruments, primarily forward contracts and purchased option contracts, to hedge the following foreign currency exposures, thereby reducing volatility of earnings or protecting fair values of assets and liabilities: • Foreign currency-denominated assets and liabilities • Forecasted purchases and sales in foreign currency At March 31, 2018 and December 31, 2017 , we had outstanding forward exchange and purchased option contracts with gross notional values of $1,557 and $1,788 respectively, with terms of less than 12 months. Approximately 70% of the contracts at March 31, 2018 mature within three months, 20% mature in three to six months and 10% in six to twelve months. The associated currency exposures being hedged at March 31, 2018 were materially consistent with our year-end currency exposures. There has not been any material change in our hedging strategy. Foreign Currency Cash Flow Hedges We designate a portion of our foreign currency derivative contracts as cash flow hedges of our foreign currency-denominated inventory purchases, sales and expenses. The net asset (liability) fair value of these contracts were $4 and $(14) as of March 31, 2018 and December 31, 2017 , respectively. Summary of Derivative Instruments Fair Value The following table provides a summary of the fair value amounts of our derivative instruments: Designation of Derivatives Balance Sheet Location March 31, 2018 December 31, 2017 Derivatives Designated as Hedging Instruments Foreign exchange contracts - forwards Other current assets $ 5 $ 1 Other current liabilities (4 ) (15 ) Foreign currency options Other current assets 3 — Interest rate swaps Other long-term assets — 1 Other long-term liabilities (4 ) — Net designated derivative liability $ — $ (13 ) Derivatives NOT Designated as Hedging Instruments Foreign exchange contracts – forwards Other current assets $ 4 $ 1 Other current liabilities (2 ) (10 ) Net undesignated derivative asset (liability) $ 2 $ (9 ) Summary of Derivatives Total Derivative Assets $ 12 $ 3 Total Derivative Liabilities (10 ) (25 ) Net Derivative asset (liability) $ 2 $ (22 ) Summary of Derivative Instruments Gains (Losses) Derivative gains (losses) affect the income statement based on whether such derivatives are designated as hedges of underlying exposures. The following is a summary of derivative gains (losses). Designated Derivative Instruments Gains (Losses) The following table provides a summary of gains (losses) on derivative instruments: Three Months Ended Gain (Loss) on Derivative Instruments 2018 2017 Fair Value Hedges - Interest Rate Contracts Derivative loss recognized in interest expense $ (5 ) $ (1 ) Hedged item gain recognized in interest expense 5 1 Cash Flow Hedges - Foreign Exchange Forward Contracts and Options Derivative gain recognized in OCI (effective portion) $ 12 $ 9 Derivative Loss reclassified from AOCL to income - Cost of sales (effective portion) (12 ) (4 ) During the three months ended March 31, 2018 and 2017 no amount of ineffectiveness was recorded in the Condensed Consolidated Statements of Income for these designated cash flow hedges and all components of each derivative’s gain or (loss) were included in the assessment of hedge effectiveness. In addition, no amount was recorded for an underlying exposure that did not occur or was not expected to occur. As of March 31, 2018 , a net after-tax gain of $5 was recorded in Accumulated other comprehensive loss associated with our cash flow hedging activity. The entire balance is expected to be reclassified into net income within the next 12 months, providing an offsetting economic impact against the underlying anticipated transactions. Non-Designated Derivative Instruments Gains (Losses) Non-designated derivative instruments are primarily instruments used to hedge foreign currency-denominated assets and liabilities. They are not designated as hedges since there is a natural offset for the re-measurement of the underlying foreign currency-denominated asset or liability. The following table provides a summary of gains on non-designated derivative instruments: Derivatives NOT Designated as Hedging Instruments Three Months Ended Location of Derivative Gain 2018 2017 Foreign exchange contracts – forwards Other expense – Currency gain, net $ — $ 4 For the three months ended March 31, 2018 and 2017 , currency gains (losses), net were $2 and $(3) , respectively. Net currency gains and losses include the mark-to-market adjustments of the derivatives not designated as hedging instruments and the related cost of those derivatives as well as the re-measurement of foreign currency-denominated assets and liabilities and are included in Other expenses, net.

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	Fair Value of Financial Assets and Liabilities The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs. March 31, 2018 December 31, 2017 Assets: Foreign exchange contracts - forwards $ 9 $ 2 Foreign currency options 3 — Interest rate swaps — 1 Deferred compensation investments in mutual funds 18 18 Total $ 30 $ 21 Liabilities: Foreign exchange contracts - forwards $ 6 $ 25 Interest rate swaps 4 — Deferred compensation plan liabilities 18 19 Total $ 28 $ 44 We utilize the income approach to measure the fair value for our derivative assets and liabilities. The income approach uses pricing models that rely on market observable inputs such as yield curves, currency exchange rates and forward prices, and therefore are classified as Level 2. Fair value for our deferred compensation plan investments in mutual funds is based on quoted market prices for those funds. Fair value for deferred compensation plan liabilities is based on the fair value of investments corresponding to employees’ investment selections. Summary of Other Financial Assets and Liabilities The estimated fair values of our other financial assets and liabilities were as follows: March 31, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Cash and cash equivalents $ 1,398 $ 1,398 $ 1,293 $ 1,293 Accounts receivable, net 1,326 1,326 1,357 1,357 Short-term debt 678 679 282 283 Long-term debt 4,811 4,880 5,235 5,373 The fair value amounts for Cash and cash equivalents and Accounts receivable, net, approximate carrying amounts due to the short maturities of these instruments. The fair value of Short and Long-term debt was estimated based on the current rates offered to us for debt of similar maturities (Level 2). The difference between the fair value and the carrying value represents the theoretical net premium or discount we would pay or receive to retire all debt at such date.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The components of Net periodic benefit cost and other changes in plan assets and benefit obligations were as follows: Three Months Ended March 31, Pension Benefits U.S. Plans Non-U.S. Plans Retiree Health Components of Net Periodic Benefit Costs: 2018 2017 2018 2017 2018 2017 Service cost $ 1 $ 1 $ 6 $ 7 $ 1 $ 1 Interest cost 33 34 39 39 6 7 Expected return on plan assets (34 ) (31 ) (63 ) (53 ) — — Recognized net actuarial loss 6 5 15 19 — — Amortization of prior service credit — — (1 ) (1 ) (1 ) (1 ) Recognized settlement loss 25 42 — — — — Defined benefit plans 31 51 (4 ) 11 6 7 Defined contribution plans 6 6 7 7 n/a n/a Net Periodic Benefit Cost 37 57 3 18 6 7 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income: Net actuarial (gain) loss (1) (58 ) 8 — — — — Amortization of net actuarial loss (31 ) (47 ) (15 ) (19 ) — — Amortization of prior service credit — — 1 1 1 1 Total Recognized in Other Comprehensive Income (2) (89 ) (39 ) (14 ) (18 ) 1 1 Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income $ (52 ) $ 18 $ (11 ) $ — $ 7 $ 8 __________ (1) The net actuarial (gain) loss for U.S. Plans primarily reflects the re-measurement of our primary U.S. pension plans as a result of the payment of periodic settlements. (2) Amounts represent the pre-tax effect included within Other comprehensive Income. Refer to Note 17 - Other Comprehensive Income for related tax effects and the after-tax amounts. Contributions The following table summarizes cash contributions to our defined benefit pension plans and retiree health benefit plans. Three Months Ended Year Ended December 31, 2018 2017 Estimated 2018 2017 U.S. plans $ 8 $ 6 $ 76 $ 675 Non-U.S. plans 30 17 116 161 Total Pension $ 38 $ 23 $ 192 $ 836 Retiree Health $ 15 $ 14 $ 62 $ 64 There are no contributions required in 2018 for our U.S. tax-qualified defined benefit plans to meet the minimum funding requirements, however, our estimated 2018 contributions include $50 of voluntary contributions to these plans.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings AOCL (4) Xerox Shareholders’ Equity Non-controlling Interests Total Equity Balance at December 31, 2017 $ 255 $ 3,893 $ 4,856 $ (3,748 ) $ 5,256 $ 37 $ 5,293 Cumulative effect of change in accounting principle (1) — — 117 — 117 — 117 Comprehensive income, net — — 23 211 234 3 237 Cash dividends declared - common (2) — — (65 ) — (65 ) — (65 ) Cash dividends declared - preferred (3) — — (4 ) — (4 ) — (4 ) Stock option and incentive plans, net — 15 — — 15 — 15 Distributions to noncontrolling interests — — — — — (11 ) (11 ) Balance at March 31, 2018 $ 255 $ 3,908 $ 4,927 $ (3,537 ) $ 5,553 $ 29 $ 5,582 Common Stock Additional Paid-in Capital Retained Earnings AOCL (4) Xerox Shareholders’ Equity Non- controlling Interests Total Equity Balance at December 31, 2016 $ 254 $ 3,858 $ 4,934 $ (4,337 ) $ 4,709 $ 38 $ 4,747 Comprehensive income, net — — 40 166 206 3 209 Cash dividends declared - common (2) — — (64 ) — (64 ) — (64 ) Cash dividends declared - preferred (3) — — (4 ) — (4 ) — (4 ) Stock option and incentive plans, net — 6 — — 6 — 6 Distributions to noncontrolling interests — — — — — (1 ) (1 ) Balance at March 31, 2017 $ 254 $ 3,864 $ 4,906 $ (4,171 ) $ 4,853 $ 40 $ 4,893 _____________________________ (1) Refer to Note 3 - Adoption of New Revenue Recognition Standard for additional information. (2) Cash dividends declared on common stock of $0.25 per share in the first quarter of 2018 and 2017 . (3) Cash dividends declared on preferred stock of $20.00 per share in the first quarter of 2018 and 2017 . (4) Refer to Note 17 - Other Comprehensive Income for components of AOCL. Treasury Stock There were no repurchases of Xerox Common Stock pursuant to Board authorized share repurchase programs during the first quarter 2018 .

Other Comprehensive Income

Other Comprehensive Income	3 Months Ended
	Mar. 31, 2018
Other Comprehensive Income (Loss) [Abstract]
Other Comprehensive Income	Other Comprehensive Income Other Comprehensive Income is comprised of the following: Three Months Ended 2018 2017 Pre-tax Net of Tax Pre-tax Net of Tax Translation Adjustments Gains $ 184 $ 176 $ 134 $ 133 Unrealized Gains (Losses): Changes in fair value of cash flow hedges - gains 12 8 9 6 Changes in cash flow hedges reclassed to earnings (1) 12 10 4 2 Other losses (1 ) (1 ) — — Net unrealized gains 23 17 13 8 Defined Benefit Plans Gains (Losses): Net actuarial/prior service gains (losses) 58 43 (8 ) (5 ) Prior service amortization (2) (2 ) (1 ) (2 ) (1 ) Actuarial loss amortization/settlement (2) 46 35 66 44 Fuji Xerox changes in defined benefit plans, net (3) (21 ) (21 ) 13 13 Other losses (4) (38 ) (38 ) (25 ) (25 ) Changes in defined benefit plans gains 43 18 44 26 Other Comprehensive Income 250 211 191 167 Less: Other comprehensive income attributable to noncontrolling interests — — 1 1 Other Comprehensive Income Attributable to Xerox $ 250 $ 211 $ 190 $ 166 _____________________________ (1) Reclassified to Cost of sales - refer to Note 13 - Financial Instruments for additional information regarding our cash flow hedges. (2) Reclassified to Total Net Periodic Benefit Cost - refer to Note 15 - 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: March 31, 2018 December 31, 2017 Cumulative translation adjustments $ (1,605 ) $ (1,781 ) Other unrealized gains (losses), net 5 (12 ) Benefit plans net actuarial losses and prior service credits (1) (1,937 ) (1,955 ) Total Accumulated other comprehensive loss attributable to Xerox $ (3,537 ) $ (3,748 ) _____________________________ (1) Includes our share of Fuji Xerox.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands): Three Months Ended 2018 2017 Basic Earnings (Loss) per Share: Net Income from Continuing Operations Attributable to Xerox $ 23 $ 46 Accrued dividends on preferred stock (4 ) (4 ) Adjusted Net income from continuing operations available to common shareholders 19 42 Net loss from discontinued operations attributable to Xerox — (6 ) Adjusted Net income available to common shareholders $ 19 $ 36 Weighted average common shares outstanding 254,660 254,038 Basic Earnings (Loss) per Share: Continuing operations $ 0.08 $ 0.17 Discontinued operations — (0.03 ) Basic Earnings per Share $ 0.08 $ 0.14 Diluted Earnings (Loss) per Share: Net Income from Continuing Operations Attributable to Xerox $ 23 $ 46 Accrued dividends on preferred stock (4 ) (4 ) Adjusted Net income from continuing operations available to common shareholders 19 42 Net loss from discontinued operations attributable to Xerox — (6 ) Adjusted Net income available to common shareholders $ 19 $ 36 Weighted average common shares outstanding 254,660 254,038 Common shares issuable with respect to: Restricted stock and performance shares 2,810 2,104 Adjusted Weighted average common shares outstanding 257,470 256,142 Diluted Earnings (Loss) per Share: Continuing operations $ 0.08 $ 0.16 Discontinued operations — (0.02 ) Diluted Earnings per Share $ 0.08 $ 0.14 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 — — Restricted stock and performance shares 2,977 3,937 Convertible preferred stock 6,742 6,742 Total Anti-Dilutive Securities 9,719 10,679 Dividends per Common Share $ 0.25 $ 0.25

Contingencies and Litigation

Contingencies and Litigation	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Contingencies and Litigation Legal Matters We are involved in a variety of claims, lawsuits, investigations and proceedings concerning: securities law; governmental entity contracting; servicing and procurement law; intellectual property law; environmental law; employment law; the Employee Retirement Income Security Act (ERISA); and other laws and regulations. We determine whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. We assess our potential liability by analyzing our litigation and regulatory matters using available information. We develop our views on estimated losses in consultation with outside counsel handling our defense in these matters, which involves an analysis of potential results, assuming a combination of litigation and settlement strategies. Should developments in any of these matters cause a change in our determination as to an unfavorable outcome and result in the need to recognize a material accrual, or should any of these matters result in a final adverse judgment or be settled for significant amounts, they could have a material adverse effect on our results of operations, cash flows and financial position in the period or periods in which such change in determination, judgment or settlement occurs. Brazil Tax and Labor Contingencies Our Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes, as well as disputes associated with former employees and contract labor. The tax matters, which comprise a significant portion of the total contingencies, principally relate to claims for taxes on the internal transfer of inventory, municipal service taxes on rentals and gross revenue taxes. We are disputing these tax matters and intend to vigorously defend our positions. Based on the opinion of legal counsel and current reserves for those matters deemed probable of loss, we do not believe that the ultimate resolution of these matters will materially impact our results of operations, financial position or cash flows. The labor matters principally relate to claims made by former employees and contract labor for the equivalent payment of all social security and other related labor benefits, as well as consequential tax claims, as if they were regular employees. As of March 31, 2018 , the total amounts related to the unreserved portion of the tax and labor contingencies, inclusive of any related interest, amounted to approximately $585 , with the decrease from our December 31, 2017 balance of approximately $600 , primarily related to closed cases, partially offset by interest. With respect to the unreserved balance of $585 , the majority has been assessed by management as being remote as to the likelihood of ultimately resulting in a loss to the company. In connection with the above proceedings, customary local regulations may require us to make escrow cash deposits or post other security of up to half of the total amount in dispute. As of March 31, 2018 , we had $72 of escrow cash deposits for matters we are disputing and additional letters of credit and surety bonds of approximately $131 and $107 , respectively, which include associated indexation. There were no liens on any of our Brazilian assets as of March 31, 2018 . Generally, any escrowed amounts would be refundable and any liens would be removed to the extent the matters are resolved in our favor. We routinely assess all these matters as to the probability of ultimately incurring a liability against our Brazilian operations and record our best estimate of the ultimate loss in situations where we assess the likelihood of an ultimate loss as probable. Litigation Against the Company Pending LItigation Relating to the Fuji Transaction: In February 2018, five complaints, including four putative class actions (which have been consolidated), were filed by Xerox shareholders in the Supreme Court of the State of New York, County ("Court") in connection with the proposed transaction to combine Xerox and Fuji Xerox (“Fuji Transaction”) (refer to Note 20 - Fuji Xerox Transaction and Recent Developments). All of the complaints name as defendants Xerox, its directors, and FUJIFILM Holdings Corporation (“Fujifilm”). The complaint in one of the actions also names as a defendant Ursula M. Burns, the former Chief Executive Officer of Xerox. The plaintiffs allege, among other things, that Xerox's directors breached their fiduciary duties in negotiating, approving, and purportedly making false and misleading disclosures about the Fuji Transaction, and that Fujifilm aided and abetted those breaches. The complaint in one of the actions further alleges that Xerox and the director defendants engaged in common law fraud by purportedly failing to disclose information about the joint venture agreements between Xerox and Fujifilm. The lawsuits seek injunctive relief preventing the proposed transactions, and/or additional disclosures by Xerox’s directors, unspecified damages from Xerox’s directors, costs and attorneys’ fees, as well as other relief. Another complaint filed by Darwin Deason, a Xerox shareholder, against Xerox and its directors in the same Court on March 2, 2018 alleges that defendants breached their fiduciary duties by refusing Mr. Deason’s request for a waiver of the deadline for nomination of a new slate of Xerox directors, and seeks to enjoin Xerox and its directors from enforcing Xerox’s advance notice by-laws, thereby allowing Mr. Deason to proceed with the nominations, as well as costs, fees, and other relief. On April 27, 2018, the Court issued decisions and orders granting plaintiffs’ preliminary injunction motions, which (i) enjoin Xerox from “taking any further action to consummate the change of control transaction between Xerox and Fuji that was announced on January 31, 2018 pending a final determination of the claims asserted in the underlying action;” (ii) enjoin Xerox from enforcing its advance notice bylaw provision requiring shareholders to nominate directors for election at the 2018 annual shareholder meeting by December 11, 2017; and (iii) require Xerox to waive such advance notice bylaw provision to permit the noticing of a slate of director nominees for election at the 2018 annual shareholder meeting, and denying defendants’ motions to dismiss. On May 1, 2018, Xerox entered into a Director Appointment, Nomination and Settlement Agreement (the “Settlement Agreement”) with Carl Icahn and Darwin Deason, among others, that would have resolved the pending proxy contest in connection with Xerox’s 2018 Annual Meeting of Shareholders, as well as the ongoing litigation brought by Mr. Deason against Xerox and its directors related to the proposed Fuji Transaction. The agreement expired by its terms on May 3, 2018 without becoming effective. On May 7, 2018, defendants filed with the Supreme Court of the State of New York, Appellate Division, First Judicial Department, notices of appeal of, and motions to stay pending appeal, the lower Court’s decision and order. Defendants also moved the appellate court for interim relief ordering that the appeal be heard on an expedited basis. At a hearing before the appellate court on May 7, 2018, the appellate court ruled that the appeals would be heard on an expedited basis and granted a partial interim stay allowing Xerox and Fujifilm to take steps to seek regulatory approvals related to the Fuji Transaction pending a ruling from the appellate court on defendants’ motions to stay pending appeal . Xerox believes the lawsuits are meritless and will vigorously defend them. At this time, however, it is premature to make any conclusion regarding the probability of incurring material losses in these litigations. Should developments cause a change in our determination as to an unfavorable outcome, or result in a final adverse judgment or settlement, there could be a material adverse effect on our results of operations, cash flows and financial position in the period in which such change in determination, judgment, or settlement occurs, including an inability to close the proposed transactions. State of Texas v. Xerox Corporation, Xerox State Healthcare, LLC, and ACS State Healthcare, LLC: On May 9, 2014, the State of Texas, via the Texas Office of Attorney General (the “State”), filed a lawsuit in the 53rd Judicial District Court of Travis County, Texas. The lawsuit alleges that Xerox Corporation, Xerox State Healthcare, LLC and ACS State Healthcare (collectively “the Defendants”) violated the Texas Medicaid Fraud Prevention Act in the administration of ACS’s contract with the Texas Department of Health and Human Services (“HHSC”). Xerox Corporation provided a guaranty of contractual performance with respect to the ACS contract. The State alleges that the Defendants made false representations of material facts regarding the processes, procedures, implementation and results regarding the prior authorization of orthodontic claims. The State seeks recovery of actual damages, two times the amount of any overpayments made as a result of unlawful acts, civil penalties, pre- and post-judgment interest and all costs and attorneys’ fees. The State references the amount in controversy as exceeding hundreds of millions of dollars. The Defendants filed their Answer in June 2014 denying all allegations. In August 2017, the State of Texas filed a Second Amended Petition, which makes substantially similar allegations and seeks similar remedies as the original lawsuit. On October 23, 2017, Xerox Corporation filed a Motion for Summary Judgment seeking judgment in Xerox's favor on all claims against it. The Defendants will continue to vigorously defend themselves in this matter. This matter is a “Conduent Liability”, as defined in the Separation and Distribution Agreement dated as of December 31, 2016 between Xerox Corporation and Conduent Incorporated, for which Conduent is required to indemnify Xerox. Conduent is entitled to direct the defense of this matter. Oklahoma Firefighters Pension and Retirement System v. Xerox Corporation, Ursula M. Burns, Luca Maestri, Kathryn A. Mikells, Lynn R. Blodgett, Robert K. Zapfel, David H. Bywater and Mary Scanlon: On October 21, 2016, the Oklahoma Firefighters Pension and Retirement System (“plaintiff”) filed a purported securities class action complaint against Xerox Corporation, Ursula Burns, Luca Maestri, Kathryn Mikells, Lynn Blodgett and Robert Zapfel (collectively, “defendants”) in the U.S. District Court for the Southern District of New York on behalf of the plaintiff and certain purchasers or acquirers of Xerox common stock. The complaint alleged that defendants made false and misleading statements, in violation of Sections 10(b) and 20(a) of the Securities Exchange Act and SEC Rule 10b-5, relating to the operations and prospects of Xerox’s Health Enterprise business. Plaintiff sought, among other things, unspecified monetary damages and attorneys’ fees. Other, similar lawsuits may follow. On December 28, 2016, the Court entered a stipulated order setting out a schedule for amendment of the complaint and for defendants’ response to that complaint following the Court’s appointment of lead plaintiff under the Private Securities Litigation Reform Act. On February 28, 2017, the Court issued an opinion and order appointing the Arkansas Public Employees Retirement System ("APERS") as lead plaintiff. On May 1, 2017, APERS filed an amended complaint, alleging substantially similar claims and seeking substantially similar relief, but adding David Bywater and Mary Scanlon as defendants. On June 30, 2017, defendants moved to dismiss the amended complaint, and the motions were fully briefed on October 13, 2017. On March 20, 2018, the Court entered an opinion and order granting the motions, and on March 23, 2018, the Court entered a judgment of dismissal and closed the case. On April 20, 2018, plaintiffs filed a notice of appeal in the U.S. Court of Appeals for the Second Circuit. Xerox will vigorously defend against this matter. At this time, it is premature to make any conclusion regarding the probability of incurring material losses in this litigation. Should developments cause a change in our determination as to an unfavorable outcome, or result in a final adverse judgment or settlement, there could be a material adverse effect on our results of operations, cash flows and financial position in the period in which such change in determination, judgment, or settlement occurs. Other Contingencies We have issued or provided approximately $366 of guarantees as of March 31, 2018 in the form of letters of credit or surety bonds issued to i) support certain insurance programs; ii) support our obligations related to the Brazil tax and labor contingencies; and iii) support certain contracts, primarily with public sector customers, which require us to provide a surety bond as a guarantee of our performance of contractual obligations. In general, we would only be liable for the amount of these guarantees in the event we defaulted in performing our obligations under each contract; the probability of which we believe is remote. We believe that our capacity in the surety markets as well as under various credit arrangements (including our Credit Facility) is sufficient to allow us to respond to future requests for proposals that require such credit support. Indemnifications We have indemnified, subject to certain deductibles and limits, the purchasers of businesses or divested assets for the occurrence of specified events under certain of our divestiture agreements. Where appropriate, an obligation for such indemnifications is recorded as a liability. Since the obligated amounts of these types of indemnifications are often not explicitly stated and/or are contingent on the occurrence of future events, the overall maximum amount of the obligation under such indemnifications cannot be reasonably estimated. Other than obligations recorded as liabilities at the time of divestiture, we have not historically made significant payments for these indemnifications. Additionally, under certain of our acquisition agreements, we have provided for additional consideration to be paid to the sellers if established financial targets are achieved post-closing. We have recognized liabilities for these contingent obligations based on an estimate of the fair value of these contingencies at the time of acquisition. Contingent obligations related to indemnifications arising from our divestitures and contingent consideration provided for by our acquisitions are not expected to be material to our financial position, results of operations or cash flows.

Fuji Xerox Transaction and Rece

Fuji Xerox Transaction and Recent Developments	3 Months Ended
	Mar. 31, 2018
Fuji Xerox Transaction and Recent Developments [Abstract]
Fuji Xerox Transaction and Recent Developments	Fuji Xerox Transaction and Recent Developments Pending Litigation Relating to the Fuji Transaction Refer to Note 19 - Contingencies and Litigation for discussion of the Pending Litigation Relating to the Fuji Transaction. Fuji Xerox Transaction Overview On January 31, 2018, Xerox entered into (i) a Redemption Agreement with FUJIFILM Holdings Corporation, a Japanese company (“Fujifilm”), and Fuji Xerox Co., Ltd., a Japanese company, in which Xerox indirectly holds a 25% equity interest while Fujifilm holds the remaining 75% equity interest (“Fuji Xerox”), and (ii) a Subscription Agreement with Fujifilm (collectively, the “Transaction Agreements”). The Transaction Agreements provide that, on the terms and subject to the conditions set forth in the Transaction Agreements, among other things: • Redemption and Issuance - Fuji Xerox will redeem most of the shares of Fuji Xerox owned by Fujifilm in exchange for cash. Immediately following the Redemption, Fujifilm will contribute to Xerox the cash it received in the Redemption and all shares of Fuji Xerox still held by Fujifilm after giving effect to the Redemption and, in exchange therefore, Xerox will issue to Fujifilm a number of shares of Xerox common stock such that Fujifilm will own 50.1% of the Xerox common stock, on a fully diluted basis, at the closing of the transactions (the “Closing”), a portion of which will be held in escrow in accordance with the terms of the Transaction Agreements. As a result of the transactions contemplated by the Transaction Agreements (referred to herein as the "combination"), Fuji Xerox will become a wholly owned subsidiary of Xerox and Xerox will become a direct, majority owned subsidiary of Fujifilm (with the remainder of Xerox continuing to be owned by Xerox’s existing shareholders). The escrowed shares will be released from escrow upon, among other things, (i) the conversion of any shares of Xerox Series B Convertible Perpetual Preferred Stock into Xerox common stock or (ii) the issuance of any Xerox common stock in respect of any performance shares, options that were not in-the-money options or restricted stock units that remain unvested as of two business days prior to the Closing. If the events that could give rise to a release of the escrow shares to Fujifilm can no longer reasonably be expected to occur, then the escrow shares will be transferred back to the combined company (“new Fuji Xerox”) and thereafter cancelled. Prior to their release, Fujifilm, as the holder of the escrow shares, will be required to vote such shares in the same proportion as all of the outstanding shares of Xerox common stock that are not escrowed shares are voted (for or against, not voted, or abstained as the case may be) and to return to new Fuji Xerox any distributions of dividends received in respect thereof. • Special Dividend - In connection with the combination, subject to applicable law, Xerox will declare a special one-time cash dividend of $2.5 billion, in the aggregate, to the holders of record of Xerox common stock on the record date for the special dividend. The amount of the special dividend is currently estimated to be approximately $9.80 per share of Xerox common stock (based on the shares of Xerox common stock outstanding as of March 31, 2018). The special dividend will be paid immediately prior to the Closing and funded by a new borrowing. Fujifilm will not be a shareholder of Xerox as of the record date for the special dividend and therefore will not receive any payment in respect thereof. As previously announced, the Company and Fujifilm have been in discussions about improving the terms of their announced transaction. In connection with such discussions, the Company has had correspondence with Fujifilm as to whether Xerox has the right to terminate the Subscription Agreement. Fuji Xerox has been determined to be the accounting acquirer and Xerox to be the accounting acquiree under the acquisition method of accounting based on various considerations. As noted above, immediately following the Closing, Fujifilm, the former parent of Fuji Xerox, is expected to own approximately 50.1% of the fully diluted capital stock of new Fuji Xerox and the other Xerox shareholders are expected to own approximately 49.9% . Further, pursuant to the Shareholders Agreement, to be entered into by Xerox and Fujifilm at Closing (the “Shareholders Agreement”), the board of directors of new Fuji Xerox will have twelve directors, which will initially be composed of seven individuals designated by Fujifilm (including the current CEO of Xerox) and five individuals from among the members of the board of directors of Xerox immediately prior to Closing designated by Xerox in consultation with and subject to reasonable approval by Fujifilm. Accordingly, the combination is expected to be accounted for as a reverse acquisition as per ASC Topic 805-40 "Business Combinations - Reverse Acquisitions". Under certain circumstances, including the following, Xerox must pay to Fujifilm a $183 termination fee (the “Termination Fee”): in the event that the Subscription Agreement is terminated (i) by either party because the applicable shareholder approvals are not obtained if an alternative acquisition proposal is publicly announced prior to the Xerox shareholder meeting duly called for the purpose of obtaining the applicable shareholder approvals and Xerox enters into a definitive agreement with respect to, or otherwise consummates, an alternative acquisition proposal within 12 months after the termination of the Subscription Agreement; (ii) by Fujifilm (A) in connection with a material and intentional breach by Xerox of its non-solicitation obligations resulting in a third party making an alternate acquisition proposal that is reasonably likely to materially interfere with the Fujifilm Transactions or (B) following a change in the recommendation by the Board of Directors of Xerox; or (iii) by Xerox in order to enter into a definitive agreement with a third party with respect to a superior proposal, in each case as set forth in, and subject to the conditions of, the Fujifilm Transaction Agreements. The completion of the Fujifilm Transactions will require Xerox shareholder approval as well as customary regulatory approvals, filings with the U.S. Securities and Exchange Commission, tax considerations, and securing any necessary financing. Until the combination is complete, each of Xerox, Fuji Xerox and Fujifilm will continue to be separate, independent organizations and will operate as usual. Bridge Facility On January 31, 2018, Xerox entered into a Commitment Letter with Citigroup Global Markets Inc. and Morgan Stanley Senior Funding, Inc., which provides a commitment, subject to the satisfaction of customary conditions, for a $2.5 billion unsecured bridge loan facility. This facility would be available for Xerox to pay the special one-time cash dividend of $2.5 billion to existing shareholders of Xerox as described herein. Xerox has not borrowed funds nor does it currently plan to borrow funds from this facility, rather, prior to closing, Xerox intends to secure alternative financing to meet its obligation to pay the special dividend. At March 31, 2018, we had approximately $11 of debt issuance costs deferred in connection with this facility, which are currently being amortized over the remainder of the year, and another $6 was paid in the second quarter 2018, which will also be deferred and amortized. Xerox may also secure financing to fund approximately $350 required to settle certain of Xerox's obligations in respect of unfunded supplemental pension plans and deferred compensation plans which will accelerate in connection with the combination (such accelerated payments, the "change-in-control payments").

Cash, Cash Equivalents and Re26

Cash, Cash Equivalents and Restricted Cash Cash, Cash Equivalents and Restricted Cash (Policies)	3 Months Ended
	Mar. 31, 2018
Cash, Cash Equivalents and Restricted Cash [Abstract]
Restricted Cash, Policy [Policy Text Block]	Restricted Cash Restricted cash primarily relates to escrow cash deposits made in Brazil associated with tax and labor litigation. As more fully discussed in Note 19 - Contingencies and Litigation, various litigation matters in Brazil require us to make cash deposits to escrow as a condition of continuing the litigation. Restricted cash amounts are classified in our Condensed Consolidated Balance Sheets based on when the cash is expected to be contractually or judicially released.

Correction of Fuji Xerox Miss27

Correction of Fuji Xerox Misstatement in Prior Period Financial Statements(Tables)	3 Months Ended
	Mar. 31, 2018
Impact of Revisions [Line Items]
Impact of Revisions [Table Text Block]	Revised Condensed Consolidated Statements of Income The following tables reconcile selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Income from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Equity in net income of unconsolidated affiliates $ 16 $ 24 $ 40 Income from Continuing Operations 24 24 48 Net Income 18 24 42 Net Income Attributable to Xerox 16 24 40 Net income from continuing operations attributable to Xerox $ 22 $ 24 $ 46 Basic Earnings per Share: Continuing operations $ 0.07 $ 0.10 $ 0.17 Total $ 0.05 $ 0.09 $ 0.14 Diluted Earnings per Share: Continuing operations $ 0.07 $ 0.09 $ 0.16 Total $ 0.05 $ 0.09 $ 0.14 Revised Condensed Consolidated Statements of Comprehensive Income The following tables reconcile selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Comprehensive Income from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Net Income $ 18 $ 24 $ 42 Net Income Attributable to Xerox 16 24 40 Translation adjustments, net $ 136 $ (3 ) $ 133 Other Comprehensive Income, Net 170 (3 ) 167 Other Comprehensive Income, Net Attributable to Xerox 169 (3 ) 166 Comprehensive Income, Net $ 188 $ 21 $ 209 Comprehensive Income, Net Attributable to Xerox 185 21 206 Revised Condensed Consolidated Statements of Cash Flows from Operations The revision did not have an impact on the company’s operating cash flows. The following table reconciles selected lines from the company’s first quarter of 2017 Condensed Consolidated Statements of Cash Flows from the previously reported amounts to the revised amounts: Three Months Ended March 31, 2017 As Reported Adjustment As Revised Cash Flows from Operating Activities: Net Income $ 18 $ 24 $ 42 Income from Continuing Operations 24 24 48 Undistributed equity in net income of unconsolidated affiliates $ (16 ) $ (24 ) $ (40 )

Adoption of New Revenue Recog28

Adoption of New Revenue Recognition Standard (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The impacts of adopting ASC Topic 606 on our Condensed Consolidated Balance Sheets were as follows: As of March 31, 2018 Superseded Revenue Guidance (1) Adjustments As Reported Deferred tax assets $ 976 $ (34 ) $ 942 Other long-term assets 764 147 911 Retained earnings 4,814 113 4,927 ____________ (1) Reflects balance of account under revenue recognition guidance superseded by ASC Topic 606. The following table reflects the adjustment of selected lines from our Condensed Consolidated Statements of Income to the recasted amounts as a result of the adoption of this update: Three Months Ended March 31, 2017 (in millions) As Reported Adjustment As Recasted Cost of sales $ 567 $ (2 ) $ 565 Costs of services, maintenance and rentals 900 (19 ) 881 Research, development and engineering expenses 118 (7 ) 111 Selling, administrative and general expenses 664 (30 ) 634 Restructuring and related costs 120 (2 ) 118 Other expenses, net 54 60 114
Disaggregation of Revenue [Table Text Block]	Revenues disaggregated by primary geographic markets, major product lines, and sales channels are as follows: Three Months Ended 2018 2017 Primary geographical markets (1) : United States $ 1,414 $ 1,469 Europe 676 640 Canada 144 145 Other 201 200 Total Revenues $ 2,435 $ 2,454 Major product and services lines: Equipment (2) $ 499 $ 502 Supplies, paper and other sales 434 434 Maintenance agreements (3) 631 640 Service arrangements (4) 623 622 Rental and other 177 180 Financing 71 76 Total Revenues $ 2,435 $ 2,454 Sales channels: Direct equipment lease (5) $ 160 $ 160 Distributors & resellers (6) 331 321 Customer direct 442 455 Total Sales $ 933 $ 936 _____________ (1) Geographic area data is based upon the location of the subsidiary reporting the revenue. (2) 2017 Equipment sale revenues exclude $11 of equipment-related training revenue, which was classified as Services under previous revenue guidance - see "Adoption Summary" above. (3) Includes revenues from maintenance agreements on sold equipment as well as revenues associated with service agreements sold in our small and mid-sized business (SMB) focused channels and through our channel partners as Xerox Partner Print Services (XPPS). (4) Primarily includes revenues from our Managed Document Services (MDS) offerings. Also includes revenues from embedded operating leases, which were not significant. (5) Primarily reflects direct sales through bundled lease arrangements. (6) Primarily reflects sales through our two-tier distribution channels.

Recent Accounting Pronounceme29

Recent Accounting Pronouncements Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The impacts of adopting ASC Topic 606 on our Condensed Consolidated Balance Sheets were as follows: As of March 31, 2018 Superseded Revenue Guidance (1) Adjustments As Reported Deferred tax assets $ 976 $ (34 ) $ 942 Other long-term assets 764 147 911 Retained earnings 4,814 113 4,927 ____________ (1) Reflects balance of account under revenue recognition guidance superseded by ASC Topic 606. The following table reflects the adjustment of selected lines from our Condensed Consolidated Statements of Income to the recasted amounts as a result of the adoption of this update: Three Months Ended March 31, 2017 (in millions) As Reported Adjustment As Recasted Cost of sales $ 567 $ (2 ) $ 565 Costs of services, maintenance and rentals 900 (19 ) 881 Research, development and engineering expenses 118 (7 ) 111 Selling, administrative and general expenses 664 (30 ) 634 Restructuring and related costs 120 (2 ) 118 Other expenses, net 54 60 114

Divestitures (Tables)

Divestitures (Tables)	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Summarized Financial Information - Discontinued Operations	Summarized financial information for our Discontinued Operations is as follows: Three Months Ended 2018 2017 Loss from operations $ — $ 8 Loss on disposal — — Net loss before income taxes — (8 ) Income tax benefit — 2 Loss from discontinued operations, net of tax $ — $ (6 )

Cash, Cash Equivalents and Re31

Cash, Cash Equivalents and Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2018
Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, cash equivalents and restricted cash amounts were as follows: March 31, 2018 December 31, 2017 Cash and cash equivalents $ 1,398 $ 1,293 Restricted cash Tax and labor litigation deposits in Brazil 72 72 Other restricted cash 4 3 Total Restricted cash 76 75 Cash, cash equivalents and restricted cash $ 1,474 $ 1,368
Restricted Cash - Balance Sheet Location	Restricted cash was reported in the Condensed Consolidated Balance Sheet as follows: March 31, 2018 December 31, 2017 Other current assets $ 2 $ 1 Other long-term assets 74 74 Total Restricted cash $ 76 $ 75

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of accounts receivable, net	Accounts receivable, net were as follows: March 31, 2018 December 31, 2017 Invoiced $ 1,033 $ 1,048 Accrued 352 368 Allowance for doubtful accounts (59 ) (59 ) Accounts receivable, net $ 1,326 $ 1,357
Schedule of accounts receivables sales	Accounts receivable sales were as follows: Three Months Ended 2018 2017 Accounts receivable sales (1) $ 103 $ 511 Deferred proceeds — 52 Loss on sales of accounts receivable 1 3 Estimated decrease to operating cash flows (2) (50 ) (65 ) __________________________ (1) Customers may also enter into structured-payable arrangements that require us to sell our receivables from that customer to a third-party financial institution, which then makes payments to us to settle the customer's receivable. In these instances we ensure the sale of the receivables are bankruptcy remote and the payment made to us is without recourse. The activity associated with these arrangements is not reflected in this disclosure as payments under these arrangements have not been material and these are customer directed arrangements. (2) Represents the difference between current and prior period receivable sales adjusted for the effects of: (i) the deferred proceeds, (ii) collections prior to the end of the quarter and, (iii) currency.

Finance Receivables, Net (Table

Finance Receivables, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Financing Receivable, Net [Abstract]
Allowance for Credit Losses on Financing Receivables	The following table is a rollforward of the allowance for doubtful finance receivables as well as the related investment in finance receivables: Allowance for Credit Losses: United States Canada Europe Other (1) Total Balance at December 31, 2017 $ 56 $ 15 $ 35 $ 2 $ 108 Provision 5 — 4 — 9 Charge-offs (5 ) (1 ) (4 ) — (10 ) Recoveries and other (2) — — 1 — 1 Balance at March 31, 2018 $ 56 $ 14 $ 36 $ 2 $ 108 Finance receivables as of March 31, 2018 collectively evaluated for impairment (3) $ 1,994 $ 373 $ 1,364 $ 62 $ 3,793 Balance at December 31, 2016 $ 55 $ 16 $ 37 $ 2 $ 110 Provision 4 — 5 — 9 Charge-offs (6 ) (2 ) (2 ) — (10 ) Recoveries and other (2) — 2 — — 2 Balance at March 31, 2017 $ 53 $ 16 $ 40 $ 2 $ 111 Finance receivables as of March 31, 2017 collectively evaluated for impairment (3) $ 2,108 $ 382 $ 1,276 $ 51 $ 3,817 __________________ (1) Includes developing market countries and smaller units. (2) Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations. (3) Total Finance receivables exclude the allowance for credit losses of $108 and $111 at March 31, 2018 and 2017 , respectively.
Financing Receivable Credit Quality Indicators	Details about our finance receivables portfolio based on industry and credit quality indicators are as follows: March 31, 2018 December 31, 2017 Investment Grade Non-investment Grade Substandard Total Finance Receivables Investment Grade Non-investment Grade Substandard Total Finance Receivables Finance and other services $ 193 $ 334 $ 82 $ 609 $ 199 $ 345 $ 75 $ 619 Government and education 480 62 6 548 490 61 6 557 Graphic arts 86 93 133 312 84 97 141 322 Industrial 80 84 15 179 82 84 14 180 Healthcare 90 46 8 144 88 48 9 145 Other 66 95 41 202 68 98 40 206 Total United States 995 714 285 1,994 1,011 733 285 2,029 Finance and other services 52 39 26 117 54 42 27 123 Government and education 44 5 4 53 48 5 5 58 Graphic arts 30 33 27 90 34 35 27 96 Industrial 19 11 11 41 20 12 11 43 Other 34 23 15 72 36 25 16 77 Total Canada 179 111 83 373 192 119 86 397 France 244 213 23 480 234 226 22 482 U.K./Ireland 109 145 11 265 106 150 10 266 Central (1) 196 144 16 356 189 149 16 354 Southern (2) 46 153 14 213 52 144 13 209 Nordics (3) 29 20 1 50 29 21 1 51 Total Europe 624 675 65 1,364 610 690 62 1,362 Other 38 21 3 62 38 28 6 72 Total $ 1,836 $ 1,521 $ 436 $ 3,793 $ 1,851 $ 1,570 $ 439 $ 3,860 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland.
Finance Receivables Aging	The aging of our billed finance receivables is based upon the number of days an invoice is past due and is as follows: March 31, 2018 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 14 $ 3 $ 1 $ 18 $ 591 $ 609 $ 11 Government and education 16 4 3 23 525 548 26 Graphic arts 12 1 — 13 299 312 5 Industrial 5 1 1 7 172 179 4 Healthcare 4 1 1 6 138 144 4 Other 6 1 1 8 194 202 3 Total United States 57 11 7 75 1,919 1,994 53 Canada 8 2 1 11 362 373 19 France 7 — — 7 473 480 16 U.K./Ireland 1 1 — 2 263 265 — Central (1) 1 1 1 3 353 356 6 Southern (2) 4 1 1 6 207 213 8 Nordics (3) 1 — — 1 49 50 — Total Europe 14 3 2 19 1,345 1,364 30 Other 3 — — 3 59 62 — Total $ 82 $ 16 $ 10 $ 108 $ 3,685 $ 3,793 $ 102 December 31, 2017 Current 31-90 Days Past Due >90 Days Past Due Total Billed Unbilled Total Finance Receivables >90 Days and Accruing Finance and other services $ 18 $ 3 $ 1 $ 22 $ 597 $ 619 $ 12 Government and education 18 3 3 24 533 557 21 Graphic arts 12 1 — 13 309 322 6 Industrial 6 1 1 8 172 180 4 Healthcare 5 1 1 7 138 145 5 Other 7 1 1 9 197 206 3 Total United States 66 10 7 83 1,946 2,029 51 Canada 8 2 1 11 386 397 17 France 6 — — 6 476 482 22 U.K./Ireland 3 — — 3 263 266 — Central (1) 1 2 — 3 351 354 6 Southern (2) 4 1 1 6 203 209 6 Nordics (3) — — — — 51 51 — Total Europe 14 3 1 18 1,344 1,362 34 Other 3 — — 3 69 72 — Total $ 91 $ 15 $ 9 $ 115 $ 3,745 $ 3,860 $ 102 _____________________________ (1) Switzerland, Germany, Austria, Belgium and Holland. (2) Italy, Greece, Spain and Portugal. (3) Sweden, Norway, Denmark and Finland.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	The following is a summary of Inventories by major category: March 31, 2018 December 31, 2017 Finished goods $ 857 $ 777 Work-in-process 49 49 Raw materials 95 89 Total Inventories $ 1,001 $ 915

Investment in Affiliates, at 35

Investment in Affiliates, at Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity in net (loss) income of unconsolidated affiliates	Our Equity in net (loss) income of unconsolidated affiliates was as follows: Three Months Ended 2018 2017 Fuji Xerox $ (70 ) $ 37 Other 2 3 Total Equity in net (loss) income of unconsolidated affiliates $ (68 ) $ 40
Summarized Financial Information Of Equity Investment - Fuji Xerox	The summarized financial information below for Fuji Xerox has likewise been revised accordingly to reflect the impact of the revision discussed in Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements: Three Months Ended 2018 2017 Summary of Operations: Revenues $ 2,465 $ 2,559 Costs and expenses 2,771 2,352 (Loss) Income before Income Taxes (306 ) 207 Income tax (benefit) expense (39 ) 44 Net (Loss) Income (267 ) 163 Less: Net income attributable to noncontrolling interests — 1 Net (Loss) Income – Fuji Xerox $ (267 ) $ 162 Weighted Average Exchange Rate (1) 108.07 113.72 _____________________________ (1) Represents Yen/U.S. Dollar exchange rate used to translate.

Restructuring Programs (Tables)

Restructuring Programs (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Restructuring Program Activity	Information related to restructuring program activity is outlined below: Severance and Related Costs Lease Cancellation and Other Costs Asset Impairments (2) Total Balance at December 31, 2017 $ 108 $ 1 $ — $ 109 Provision 24 12 — 36 Reversals (8 ) — — (8 ) Net current period charges (1) 16 12 — 28 Charges against reserve and currency (41 ) (11 ) — (52 ) Balance at March 31, 2018 $ 83 $ 2 $ — $ 85 ____________________________ (1) Represents net amount recognized within the Condensed Consolidated Statements of Income for the period shown for restructuring and asset impairments charges. (2) Charges associated with asset impairments represent the write-down of the related assets to their new cost basis and are recorded concurrently with the recognition of the provision.
Reconciliation to the Condensed Consolidated Statements Of Cash Flows	The following table summarizes the reconciliation to the Condensed Consolidated Statements of Cash Flows: Three Months Ended 2018 2017 Charges against reserve and currency $ (52 ) $ (57 ) Effects of foreign currency and other non-cash items (2 ) (1 ) Restructuring cash payments $ (54 ) $ (58 )

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule Of Interest Expense And Income	Interest expense and income were as follows: Three Months Ended 2018 2017 Interest expense (1) $ 65 $ 69 Interest income (2) 74 78 ____________ (1) Includes Cost of financing as well as non-financing interest expense that is included in Other expenses, net in the Condensed Consolidated Statements of Income. (2) Includes Finance income as well as other interest income that is included in Other expenses, net in the Condensed Consolidated Statements of Income.

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	The following is a summary of our fair value hedges at March 31, 2018 : Debt Instrument Year First Designated Notional Amount Net Fair Value Weighted Average Interest Rate Paid Interest Rate Received Basis Maturity Senior Note 2021 2014 $ 300 $ (4 ) 2.85 % 4.5 % Libor 2021
Summary of Derivative Instruments Fair Value	The following table provides a summary of the fair value amounts of our derivative instruments: Designation of Derivatives Balance Sheet Location March 31, 2018 December 31, 2017 Derivatives Designated as Hedging Instruments Foreign exchange contracts - forwards Other current assets $ 5 $ 1 Other current liabilities (4 ) (15 ) Foreign currency options Other current assets 3 — Interest rate swaps Other long-term assets — 1 Other long-term liabilities (4 ) — Net designated derivative liability $ — $ (13 ) Derivatives NOT Designated as Hedging Instruments Foreign exchange contracts – forwards Other current assets $ 4 $ 1 Other current liabilities (2 ) (10 ) Net undesignated derivative asset (liability) $ 2 $ (9 ) Summary of Derivatives Total Derivative Assets $ 12 $ 3 Total Derivative Liabilities (10 ) (25 ) Net Derivative asset (liability) $ 2 $ (22 )
Derivative Instruments, Gain (Loss)	The following table provides a summary of gains (losses) on derivative instruments: Three Months Ended Gain (Loss) on Derivative Instruments 2018 2017 Fair Value Hedges - Interest Rate Contracts Derivative loss recognized in interest expense $ (5 ) $ (1 ) Hedged item gain recognized in interest expense 5 1 Cash Flow Hedges - Foreign Exchange Forward Contracts and Options Derivative gain recognized in OCI (effective portion) $ 12 $ 9 Derivative Loss reclassified from AOCL to income - Cost of sales (effective portion) (12 ) (4 )
Summary of Derivatives Not Designated as Hedging Instruments Gains (Losses)	The following table provides a summary of gains on non-designated derivative instruments: Derivatives NOT Designated as Hedging Instruments Three Months Ended Location of Derivative Gain 2018 2017 Foreign exchange contracts – forwards Other expense – Currency gain, net $ — $ 4

Fair Value of Financial Asset39

Fair Value of Financial Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair value of financial assets and liabilities	The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs. March 31, 2018 December 31, 2017 Assets: Foreign exchange contracts - forwards $ 9 $ 2 Foreign currency options 3 — Interest rate swaps — 1 Deferred compensation investments in mutual funds 18 18 Total $ 30 $ 21 Liabilities: Foreign exchange contracts - forwards $ 6 $ 25 Interest rate swaps 4 — Deferred compensation plan liabilities 18 19 Total $ 28 $ 44
Estimated fair values of financial assets and liabilities not measured at fair value on a recurring basis	The estimated fair values of our other financial assets and liabilities were as follows: March 31, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Cash and cash equivalents $ 1,398 $ 1,398 $ 1,293 $ 1,293 Accounts receivable, net 1,326 1,326 1,357 1,357 Short-term debt 678 679 282 283 Long-term debt 4,811 4,880 5,235 5,373

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Components of net periodic benefit cost and other changes in plan assets and benefit obligations	The components of Net periodic benefit cost and other changes in plan assets and benefit obligations were as follows: Three Months Ended March 31, Pension Benefits U.S. Plans Non-U.S. Plans Retiree Health Components of Net Periodic Benefit Costs: 2018 2017 2018 2017 2018 2017 Service cost $ 1 $ 1 $ 6 $ 7 $ 1 $ 1 Interest cost 33 34 39 39 6 7 Expected return on plan assets (34 ) (31 ) (63 ) (53 ) — — Recognized net actuarial loss 6 5 15 19 — — Amortization of prior service credit — — (1 ) (1 ) (1 ) (1 ) Recognized settlement loss 25 42 — — — — Defined benefit plans 31 51 (4 ) 11 6 7 Defined contribution plans 6 6 7 7 n/a n/a Net Periodic Benefit Cost 37 57 3 18 6 7 Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income: Net actuarial (gain) loss (1) (58 ) 8 — — — — Amortization of net actuarial loss (31 ) (47 ) (15 ) (19 ) — — Amortization of prior service credit — — 1 1 1 1 Total Recognized in Other Comprehensive Income (2) (89 ) (39 ) (14 ) (18 ) 1 1 Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income $ (52 ) $ 18 $ (11 ) $ — $ 7 $ 8 __________ (1) The net actuarial (gain) loss for U.S. Plans primarily reflects the re-measurement of our primary U.S. pension plans as a result of the payment of periodic settlements. (2) Amounts represent the pre-tax effect included within Other comprehensive Income. Refer to Note 17 - Other Comprehensive Income for related tax effects and the after-tax amounts.
Defined Benefit and Retiree Health Pension Plans, actual and expected cash contributions	Contributions The following table summarizes cash contributions to our defined benefit pension plans and retiree health benefit plans. Three Months Ended Year Ended December 31, 2018 2017 Estimated 2018 2017 U.S. plans $ 8 $ 6 $ 76 $ 675 Non-U.S. plans 30 17 116 161 Total Pension $ 38 $ 23 $ 192 $ 836 Retiree Health $ 15 $ 14 $ 62 $ 64 There are no contributions required in 2018 for our U.S. tax-qualified defined benefit plans to meet the minimum funding requirements, however, our estimated 2018 contributions include $50 of voluntary contributions to these plans.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Common Stock Additional Paid-in Capital Retained Earnings AOCL (4) Xerox Shareholders’ Equity Non-controlling Interests Total Equity Balance at December 31, 2017 $ 255 $ 3,893 $ 4,856 $ (3,748 ) $ 5,256 $ 37 $ 5,293 Cumulative effect of change in accounting principle (1) — — 117 — 117 — 117 Comprehensive income, net — — 23 211 234 3 237 Cash dividends declared - common (2) — — (65 ) — (65 ) — (65 ) Cash dividends declared - preferred (3) — — (4 ) — (4 ) — (4 ) Stock option and incentive plans, net — 15 — — 15 — 15 Distributions to noncontrolling interests — — — — — (11 ) (11 ) Balance at March 31, 2018 $ 255 $ 3,908 $ 4,927 $ (3,537 ) $ 5,553 $ 29 $ 5,582 Common Stock Additional Paid-in Capital Retained Earnings AOCL (4) Xerox Shareholders’ Equity Non- controlling Interests Total Equity Balance at December 31, 2016 $ 254 $ 3,858 $ 4,934 $ (4,337 ) $ 4,709 $ 38 $ 4,747 Comprehensive income, net — — 40 166 206 3 209 Cash dividends declared - common (2) — — (64 ) — (64 ) — (64 ) Cash dividends declared - preferred (3) — — (4 ) — (4 ) — (4 ) Stock option and incentive plans, net — 6 — — 6 — 6 Distributions to noncontrolling interests — — — — — (1 ) (1 ) Balance at March 31, 2017 $ 254 $ 3,864 $ 4,906 $ (4,171 ) $ 4,853 $ 40 $ 4,893 _____________________________ (1) Refer to Note 3 - Adoption of New Revenue Recognition Standard for additional information. (2) Cash dividends declared on common stock of $0.25 per share in the first quarter of 2018 and 2017 . (3) Cash dividends declared on preferred stock of $20.00 per share in the first quarter of 2018 and 2017 . (4) Refer to Note 17 - Other Comprehensive Income for components of AOCL. Tr

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2018
Other Comprehensive Income (Loss) [Abstract]
Schedule of Other Comprehensive Income	Other Comprehensive Income is comprised of the following: Three Months Ended 2018 2017 Pre-tax Net of Tax Pre-tax Net of Tax Translation Adjustments Gains $ 184 $ 176 $ 134 $ 133 Unrealized Gains (Losses): Changes in fair value of cash flow hedges - gains 12 8 9 6 Changes in cash flow hedges reclassed to earnings (1) 12 10 4 2 Other losses (1 ) (1 ) — — Net unrealized gains 23 17 13 8 Defined Benefit Plans Gains (Losses): Net actuarial/prior service gains (losses) 58 43 (8 ) (5 ) Prior service amortization (2) (2 ) (1 ) (2 ) (1 ) Actuarial loss amortization/settlement (2) 46 35 66 44 Fuji Xerox changes in defined benefit plans, net (3) (21 ) (21 ) 13 13 Other losses (4) (38 ) (38 ) (25 ) (25 ) Changes in defined benefit plans gains 43 18 44 26 Other Comprehensive Income 250 211 191 167 Less: Other comprehensive income attributable to noncontrolling interests — — 1 1 Other Comprehensive Income Attributable to Xerox $ 250 $ 211 $ 190 $ 166 _____________________________ (1) Reclassified to Cost of sales - refer to Note 13 - Financial Instruments for additional information regarding our cash flow hedges. (2) Reclassified to Total Net Periodic Benefit Cost - refer to Note 15 - 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.
Schedule of Accumulated Other Comprehensive Loss	AOCL is comprised of the following: March 31, 2018 December 31, 2017 Cumulative translation adjustments $ (1,605 ) $ (1,781 ) Other unrealized gains (losses), net 5 (12 ) Benefit plans net actuarial losses and prior service credits (1) (1,937 ) (1,955 ) Total Accumulated other comprehensive loss attributable to Xerox $ (3,537 ) $ (3,748 ) _____________________________ (1) Includes our share of Fuji Xerox.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands): Three Months Ended 2018 2017 Basic Earnings (Loss) per Share: Net Income from Continuing Operations Attributable to Xerox $ 23 $ 46 Accrued dividends on preferred stock (4 ) (4 ) Adjusted Net income from continuing operations available to common shareholders 19 42 Net loss from discontinued operations attributable to Xerox — (6 ) Adjusted Net income available to common shareholders $ 19 $ 36 Weighted average common shares outstanding 254,660 254,038 Basic Earnings (Loss) per Share: Continuing operations $ 0.08 $ 0.17 Discontinued operations — (0.03 ) Basic Earnings per Share $ 0.08 $ 0.14 Diluted Earnings (Loss) per Share: Net Income from Continuing Operations Attributable to Xerox $ 23 $ 46 Accrued dividends on preferred stock (4 ) (4 ) Adjusted Net income from continuing operations available to common shareholders 19 42 Net loss from discontinued operations attributable to Xerox — (6 ) Adjusted Net income available to common shareholders $ 19 $ 36 Weighted average common shares outstanding 254,660 254,038 Common shares issuable with respect to: Restricted stock and performance shares 2,810 2,104 Adjusted Weighted average common shares outstanding 257,470 256,142 Diluted Earnings (Loss) per Share: Continuing operations $ 0.08 $ 0.16 Discontinued operations — (0.02 ) Diluted Earnings per Share $ 0.08 $ 0.14 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 — — Restricted stock and performance shares 2,977 3,937 Convertible preferred stock 6,742 6,742 Total Anti-Dilutive Securities 9,719 10,679 Dividends per Common Share $ 0.25 $ 0.25

Correction of Fuji Xerox Miss44

Correction of Fuji Xerox Misstatement in Prior Period Financial Statements (Details) $ / shares in Units, $ in Millions, ¥ in Billions		3 Months Ended
		Mar. 31, 2018JPY (¥)	Mar. 31, 2018USD ($)$ / shares	Mar. 31, 2017JPY (¥)¥ / $	Mar. 31, 2017USD ($)$ / shares¥ / $
Impact of Revisions [Line Items]
Yen/U.S. Dollar Spot Exchange Rate | ¥ / $				111.89	111.89
Total Equity in net (loss) income of unconsolidated affiliates	[1]		$ (68)		$ 40
Income from Continuing Operations			26		48
Net Income			26		42
Net Income Attributable to Xerox			23		40
Net Income from Continuing Operations Attributable to Xerox			$ 23		$ 46
Earnings per share from Continuing operations, Basic | $ / shares			$ 0.08		$ 0.17
Total Basic Earnings per Share | $ / shares			0.08		0.14
Earnings per share from continuing operations, Diluted | $ / shares			0.08		0.16
Total Diluted Earnings per Share | $ / shares			$ 0.08		$ 0.14
Translation adjustments, net	[2]		$ 176		$ 133
Other Comprehensive Income, Net	[2]		211		167
Other Comprehensive Income, Net Attributable to Xerox			211		166
Comprehensive Income, Net			237		209
Comprehensive Income, Net Attributable to Xerox			234		206
Undistributed equity in net income of unconsolidated affiliates			$ 68		(40)
Adjustment [Member]
Impact of Revisions [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates					24
Income from Continuing Operations					24
Net Income					24
Net Income Attributable to Xerox					24
Net Income from Continuing Operations Attributable to Xerox					$ 24
Earnings per share from Continuing operations, Basic | $ / shares					$ 0.10
Total Basic Earnings per Share | $ / shares					0.09
Earnings per share from continuing operations, Diluted | $ / shares					0.09
Total Diluted Earnings per Share | $ / shares					$ 0.09
Translation adjustments, net					$ (3)
Other Comprehensive Income, Net					(3)
Other Comprehensive Income, Net Attributable to Xerox					(3)
Comprehensive Income, Net					21
Comprehensive Income, Net Attributable to Xerox					21
Undistributed equity in net income of unconsolidated affiliates					(24)
As Reported [Member]
Impact of Revisions [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates					16
Income from Continuing Operations					24
Net Income					18
Net Income Attributable to Xerox					16
Net Income from Continuing Operations Attributable to Xerox					$ 22
Earnings per share from Continuing operations, Basic | $ / shares					$ 0.07
Total Basic Earnings per Share | $ / shares					0.05
Earnings per share from continuing operations, Diluted | $ / shares					0.07
Total Diluted Earnings per Share | $ / shares					$ 0.05
Translation adjustments, net					$ 136
Other Comprehensive Income, Net					170
Other Comprehensive Income, Net Attributable to Xerox					169
Comprehensive Income, Net					188
Comprehensive Income, Net Attributable to Xerox					185
Undistributed equity in net income of unconsolidated affiliates					(16)
Fuji Xerox
Impact of Revisions [Line Items]
Ownership percentage		25.00%	25.00%
Total Equity in net (loss) income of unconsolidated affiliates			$ (70)		37
Fuji Xerox | Parent Company - Fujifilm Holdings Corporation | Adjustment [Member]
Impact of Revisions [Line Items]
Out-of-Period Adjustment - Fuji Xerox		¥ 12	110	¥ 40	360
Fuji Xerox | Non Parent Equity Investment Owner - Xerox Corporation | Adjustment [Member]
Impact of Revisions [Line Items]
Out-of-Period Adjustment - Fuji Xerox			$ 28		$ 90
[1]	Equity in net income of unconsolidated affiliates has been revised for the prior year period presented throughout this document. Refer to Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements for additional information on this revision.
[2]	Refer to Note 17 - Other Comprehensive Income for gross components of Other Comprehensive Income, reclassification adjustments out of Accumulated Other Comprehensive Loss and related tax effects.

Adoption of New Revenue Recog45

Adoption of New Revenue Recognition Standard - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Equipment sale performance obligation		$ 50
Increase to Sales		933	$ 936
Decrease to service revenue		(1,431)	$ (1,442)
Transition asset		153
Increase to retained earnings	[1]	117
Contract liabilities		$ 87		$ 91
Contract liability amortization period		30 months
Incremental direct costs of obtaining a contract		$ 17
Amortization of incremental direct costs of obtaining a contract		24
Deferred incremental direct costs net of accumulated amortization		$ 179
Deferred incremental direct costs, amortization period		4 years
Contract Fulfillment Costs and Inducements
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Incremental direct costs of obtaining a contract		$ 10
ASU 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase to Sales		9
Decrease to service revenue		9
Increase to retained earnings		$ 117
[1]	Refer to Note 3 - Adoption of New Revenue Recognition Standard for additional information.

Adoption of New Revenue Recog46

Adoption of New Revenue Recognition Standard - Impacts of Adopting ASC Topic 606 (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred tax assets		$ 942	$ 1,026
Other long-term assets		911	682
Retained earnings		4,927	$ 4,856
Superseded Revenue Guidance(1)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred tax assets	[1]	976
Other long-term assets	[1]	764
Retained earnings	[1]	4,814
Adjustments | ASU 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred tax assets		(34)
Other long-term assets		147
Retained earnings		$ 113
[1]	Reflects balance of account under revenue recognition guidance superseded by ASC Topic 606.

Adoption of New Revenue Recog47

Adoption of New Revenue Recognition Standard - Dissaggregation of Revenue (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Revenue	[1]	$ 2,435	$ 2,454
Equipment
Disaggregation of Revenue [Line Items]
Revenue	[2]	499	502
Supplies, paper and other sales
Disaggregation of Revenue [Line Items]
Revenue		434	434
Maintenance agreements
Disaggregation of Revenue [Line Items]
Revenue	[3]	631	640
Service arrangements
Disaggregation of Revenue [Line Items]
Revenue	[4]	623	622
Rental and other
Disaggregation of Revenue [Line Items]
Revenue		177	180
Financing
Disaggregation of Revenue [Line Items]
Revenue		71	76
Product
Disaggregation of Revenue [Line Items]
Revenue		933	936
Product | Direct Equipment Lease
Disaggregation of Revenue [Line Items]
Revenue	[5]	160	160
Product | Distributors & resellers
Disaggregation of Revenue [Line Items]
Revenue	[6]	331	321
Product | Direct equipment lease / Customer direct
Disaggregation of Revenue [Line Items]
Revenue		442	455
Service, Equipment Products
Disaggregation of Revenue [Line Items]
Revenue			11
United States
Disaggregation of Revenue [Line Items]
Revenue	[1]	1,414	1,469
Europe
Disaggregation of Revenue [Line Items]
Revenue	[1]	676	640
Canada
Disaggregation of Revenue [Line Items]
Revenue	[1]	144	145
Other
Disaggregation of Revenue [Line Items]
Revenue	[1]	$ 201	$ 200
[1]	Geographic area data is based upon the location of the subsidiary reporting the revenue.
[2]	2017 Equipment sale revenues exclude $11 of equipment-related training revenue, which was classified as Services under previous revenue guidance - see "Adoption Summary" above.
[3]	Includes revenues from maintenance agreements on sold equipment as well as revenues associated with service agreements sold in our small and mid-sized business (SMB) focused channels and through our channel partners as Xerox Partner Print Services (XPPS).
[4]	Primarily includes revenues from our Managed Document Services (MDS) offerings. Also includes revenues from embedded operating leases, which were not significant.
[5]	Primarily reflects direct sales through bundled lease arrangements.
[6]	Primarily reflects sales through our two-tier distribution channels.

Recent Accounting Pronounceme48

Recent Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales	$ 563		$ 565
Cost of services, maintenance and rentals	868		881
Research, development and engineering expenses	100		111
Selling, administrative and general expenses	628		634
Restructuring and related costs	28		118
Other expenses, net	32		114
ASU 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Leases, Future Minimum Payments Due		$ 450
ASU 2016-15 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Collections on Beneficial Interests Received in sales of Accounts Receivable and Finance Receivables			54
ASU 2016-18 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restricted Cash and Cash Equivalents	$ 76	75
ASU 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales			565
Cost of services, maintenance and rentals			881
Research, development and engineering expenses			111
Selling, administrative and general expenses			634
Restructuring and related costs			118
Other expenses, net			114
ASU 2018-05 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax Act estimated non-cash provisional charge		$ 400
As Reported [Member] | ASU 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales			567
Cost of services, maintenance and rentals			900
Research, development and engineering expenses			118
Selling, administrative and general expenses			664
Restructuring and related costs			120
Other expenses, net			54
Adjustments for New Accounting Pronouncement [Member] | ASU 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of sales			(2)
Cost of services, maintenance and rentals			(19)
Research, development and engineering expenses			(7)
Selling, administrative and general expenses			(30)
Restructuring and related costs			(2)
Other expenses, net			$ 60

Divestitures (Details)

Divestitures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of tax	$ 0	$ (6)
Conduent [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Dec. 31, 2016
Loss from operations	$ 0	8
Loss on disposal	0	0
Net loss before income taxes	0	(8)
Income tax benefit	0	2
Loss from discontinued operations, net of tax	$ 0	$ (6)

Cash, Cash Equivalents and Re50

Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 1,398	$ 1,293
Tax and labor litigation deposits in Brazil	72	72
Other restricted cash	4	3
Total Restricted cash	76	75
Cash, cash equivalents and restricted cash	1,474	1,368	$ 1,194	$ 2,402
Other current assets	2	1
Other long-term assets	$ 74	$ 74

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net		$ 1,326		$ 1,357
Accounts Receivable Sales Arrangements [Abstract]
Uncollected accounts receivable sold and derecognized		114		161
Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Invoiced		1,033		1,048
Accrued		352		368
Allowance for doubtful accounts		(59)		$ (59)
Accounts receivable sales(1)	[1]	103	$ 511
Deferred proceeds		0	52
Loss on sales of accounts receivable		1	3
Estimated decrease to operating cash flows(2)	[2]	$ (50)	$ (65)
[1]	Customers may also enter into structured-payable arrangements that require us to sell our receivables from that customer to a third-party financial institution, which then makes payments to us to settle the customer's receivable. In these instances we ensure the sale of the receivables are bankruptcy remote and the payment made to us is without recourse. The activity associated with these arrangements is not reflected in this disclosure as payments under these arrangements have not been material and these are customer directed arrangements.
[2]	Represents the difference between current and prior period receivable sales adjusted for the effects of: (i) the deferred proceeds, (ii) collections prior to the end of the quarter and, (iii) currency.

Finance Receivables, Net (Detai

Finance Receivables, Net (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance		$ 108	$ 110
Provision		9	9
Charge-offs		(10)	(10)
Recoveries and other	[1]	1	2
Ending Balance		108	111
Financing Receivable, Collectively Evaluated for Impairment	[2]	3,793	3,817
Allowance for credit losses not included in the impairment evaluation		108	111
United States
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance		56	55
Provision		5	4
Charge-offs		(5)	(6)
Recoveries and other	[1]	0	0
Ending Balance		56	53
Financing Receivable, Collectively Evaluated for Impairment	[2]	1,994	2,108
Canada
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance		15	16
Provision		0	0
Charge-offs		(1)	(2)
Recoveries and other	[1]	0	2
Ending Balance		14	16
Financing Receivable, Collectively Evaluated for Impairment	[2]	373	382
Europe
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance		35	37
Provision		4	5
Charge-offs		(4)	(2)
Recoveries and other	[1]	1	0
Ending Balance		36	40
Financing Receivable, Collectively Evaluated for Impairment	[2]	1,364	1,276
Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning Balance	[3]	2	2
Provision	[3]	0	0
Charge-offs	[3]	0	0
Recoveries and other	[1],[3]	0	0
Ending Balance	[3]	2	2
Financing Receivable, Collectively Evaluated for Impairment	[2],[3]	$ 62	$ 51
[1]	Includes the impacts of foreign currency translation and adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.
[2]	Total Finance receivables exclude the allowance for credit losses of $108 and $111 at March 31, 2018 and 2017, respectively.
[3]	Includes developing market countries and smaller units.

Finance Receivables, Net - Cred

Finance Receivables, Net - Credit Quality Indicators (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loss Rates Of Customers With Investment Grade Credit Quality		1.00%
Loss Rates Of Customers With Non Investment Grade Credit Quality Low Range		2.00%
Loss Rates Of Customers With Non Investment Grade Credit Quality High Range		5.00%
Loss Rated of Customers with Substandard Doubtful Credit Quality - Low		7.00%
Loss Rated of Customers with Substandard Doubtful Credit Quality High		10.00%
Financing Receivable, Net		$ 3,793	$ 3,860
United States
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		1,994	2,029
United States | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		609	619
United States | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		548	557
United States | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		312	322
United States | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		179	180
United States | Healthcare
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		144	145
United States | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		202	206
Canada
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		373	397
Canada | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		117	123
Canada | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		53	58
Canada | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		90	96
Canada | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		41	43
Canada | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		72	77
Europe
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		1,364	1,362
France
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		480	482
U.K./Ireland
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		265	266
Central
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[1]	356	354
Southern
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[2]	213	209
Nordics
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[3]	50	51
Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		62	72
Investment Grade
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		1,836	1,851
Investment Grade | United States
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		995	1,011
Investment Grade | United States | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		193	199
Investment Grade | United States | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		480	490
Investment Grade | United States | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		86	84
Investment Grade | United States | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		80	82
Investment Grade | United States | Healthcare
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		90	88
Investment Grade | United States | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		66	68
Investment Grade | Canada
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		179	192
Investment Grade | Canada | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		52	54
Investment Grade | Canada | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		44	48
Investment Grade | Canada | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		30	34
Investment Grade | Canada | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		19	20
Investment Grade | Canada | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		34	36
Investment Grade | Europe
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		624	610
Investment Grade | France
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		244	234
Investment Grade | U.K./Ireland
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		109	106
Investment Grade | Central
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[1]	196	189
Investment Grade | Southern
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[2]	46	52
Investment Grade | Nordics
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[3]	29	29
Investment Grade | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		38	38
Non-investment Grade
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		1,521	1,570
Non-investment Grade | United States
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		714	733
Non-investment Grade | United States | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		334	345
Non-investment Grade | United States | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		62	61
Non-investment Grade | United States | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		93	97
Non-investment Grade | United States | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		84	84
Non-investment Grade | United States | Healthcare
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		46	48
Non-investment Grade | United States | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		95	98
Non-investment Grade | Canada
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		111	119
Non-investment Grade | Canada | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		39	42
Non-investment Grade | Canada | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		5	5
Non-investment Grade | Canada | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		33	35
Non-investment Grade | Canada | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		11	12
Non-investment Grade | Canada | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		23	25
Non-investment Grade | Europe
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		675	690
Non-investment Grade | France
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		213	226
Non-investment Grade | U.K./Ireland
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		145	150
Non-investment Grade | Central
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[1]	144	149
Non-investment Grade | Southern
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[2]	153	144
Non-investment Grade | Nordics
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[3]	20	21
Non-investment Grade | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		21	28
Substandard
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		436	439
Substandard | United States
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		285	285
Substandard | United States | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		82	75
Substandard | United States | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		6	6
Substandard | United States | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		133	141
Substandard | United States | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		15	14
Substandard | United States | Healthcare
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		8	9
Substandard | United States | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		41	40
Substandard | Canada
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		83	86
Substandard | Canada | Finance and other services
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		26	27
Substandard | Canada | Government and education
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		4	5
Substandard | Canada | Graphic arts
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		27	27
Substandard | Canada | Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		11	11
Substandard | Canada | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		15	16
Substandard | Europe
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		65	62
Substandard | France
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		23	22
Substandard | U.K./Ireland
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		11	10
Substandard | Central
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[1]	16	16
Substandard | Southern
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[2]	14	13
Substandard | Nordics
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net	[3]	1	1
Substandard | Other
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Net		$ 3	$ 6
[1]	Switzerland, Germany, Austria, Belgium and Holland.
[2]	Italy, Greece, Spain and Portugal.
[3]	Sweden, Norway, Denmark and Finland.

Finance Receivables, Net - Agin

Finance Receivables, Net - Aging (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		$ 3,793	$ 3,860
Total Finance Receivables		3,793	3,860
Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		108	115
Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		3,685	3,745
United States
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1,994	2,029
Total Finance Receivables		1,994	2,029
United States | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		75	83
United States | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		1,919	1,946
United States | Finance and other services
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		609	619
Total Finance Receivables		609	619
United States | Finance and other services | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		18	22
United States | Finance and other services | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		591	597
United States | Government and education
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		548	557
Total Finance Receivables		548	557
United States | Government and education | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		23	24
United States | Government and education | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		525	533
United States | Graphic arts
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		312	322
Total Finance Receivables		312	322
United States | Graphic arts | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		13	13
United States | Graphic arts | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		299	309
United States | Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		179	180
Total Finance Receivables		179	180
United States | Industrial | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		7	8
United States | Industrial | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		172	172
United States | Healthcare
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		144	145
Total Finance Receivables		144	145
United States | Healthcare | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		6	7
United States | Healthcare | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		138	138
United States | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		202	206
Total Finance Receivables		202	206
United States | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		8	9
United States | Other | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		194	197
Canada
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		373	397
Total Finance Receivables		373	397
Canada | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		11	11
Canada | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		362	386
Canada | Finance and other services
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		117	123
Canada | Government and education
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		53	58
Canada | Graphic arts
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		90	96
Canada | Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		41	43
Canada | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		72	77
Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1,364	1,362
Total Finance Receivables		1,364	1,362
Europe | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		19	18
Europe | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		1,345	1,344
France
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		480	482
Total Finance Receivables		480	482
France | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		7	6
France | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		473	476
U.K./Ireland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		265	266
Total Finance Receivables		265	266
U.K./Ireland | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		2	3
U.K./Ireland | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		263	263
Central
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[1]	356	354
Total Finance Receivables	[2]	356	354
Central | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed	[2]	3	3
Central | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled	[2]	353	351
Southern
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[3]	213	209
Total Finance Receivables	[3]	213	209
Southern | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed	[3]	6	6
Southern | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled	[3]	207	203
Nordics
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[4]	50	51
Total Finance Receivables	[4]	50	51
Nordics | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed	[4]	1	0
Nordics | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled	[4]	49	51
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		62	72
Total Finance Receivables		62	72
Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Billed		3	3
Other | Unbilled Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Unbilled		59	69
Current | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		82	91
Current | United States | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		57	66
Current | United States | Finance and other services | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		14	18
Current | United States | Government and education | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		16	18
Current | United States | Graphic arts | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		12	12
Current | United States | Industrial | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		5	6
Current | United States | Healthcare | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		4	5
Current | United States | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		6	7
Current | Canada | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		8	8
Current | Europe | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		14	14
Current | France | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		7	6
Current | U.K./Ireland | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	3
Current | Central | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[2]	1	1
Current | Southern | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[3]	4	4
Current | Nordics | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[4]	1	0
Current | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		3	3
31-90 Days Past Due | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		16	15
31-90 Days Past Due | United States | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		11	10
31-90 Days Past Due | United States | Finance and other services | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		3	3
31-90 Days Past Due | United States | Government and education | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		4	3
31-90 Days Past Due | United States | Graphic arts | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
31-90 Days Past Due | United States | Industrial | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
31-90 Days Past Due | United States | Healthcare | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
31-90 Days Past Due | United States | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
31-90 Days Past Due | Canada | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		2	2
31-90 Days Past Due | Europe | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		3	3
31-90 Days Past Due | France | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
31-90 Days Past Due | U.K./Ireland | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	0
31-90 Days Past Due | Central | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[2]	1	2
31-90 Days Past Due | Southern | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[3]	1	1
31-90 Days Past Due | Nordics | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[4]	0	0
31-90 Days Past Due | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days Past Due | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		10	9
90 Days Past Due | United States | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		7	7
90 Days Past Due | United States | Finance and other services | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
90 Days Past Due | United States | Government and education | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		3	3
90 Days Past Due | United States | Graphic arts | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days Past Due | United States | Industrial | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
90 Days Past Due | United States | Healthcare | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
90 Days Past Due | United States | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
90 Days Past Due | Canada | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		1	1
90 Days Past Due | Europe | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		2	1
90 Days Past Due | France | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days Past Due | U.K./Ireland | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days Past Due | Central | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[2]	1	0
90 Days Past Due | Southern | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[3]	1	1
90 Days Past Due | Nordics | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[4]	0	0
90 Days Past Due | Other | Billed Revenues
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days and Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		102	102
90 Days and Accruing | United States
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		53	51
90 Days and Accruing | United States | Finance and other services
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		11	12
90 Days and Accruing | United States | Government and education
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		26	21
90 Days and Accruing | United States | Graphic arts
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		5	6
90 Days and Accruing | United States | Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		4	4
90 Days and Accruing | United States | Healthcare
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		4	5
90 Days and Accruing | United States | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		3	3
90 Days and Accruing | Canada
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		19	17
90 Days and Accruing | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		30	34
90 Days and Accruing | France
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		16	22
90 Days and Accruing | U.K./Ireland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		0	0
90 Days and Accruing | Central
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[2]	6	6
90 Days and Accruing | Southern
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[3]	8	6
90 Days and Accruing | Nordics
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net	[4]	0	0
90 Days and Accruing | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Net		$ 0	$ 0
[1]	Switzerland, Germany, Austria, Belgium and Holland.
[2]	Switzerland, Germany, Austria, Belgium and Holland
[3]	Italy, Greece, Spain and Portugal.
[4]	Sweden, Norway, Denmark and Finland.

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Inventories, net [Abstract]
Finished goods	$ 857	$ 777
Work-in-process	49	49
Raw materials	95	89
Total Inventories	$ 1,001	$ 915

Investment in Affiliates, at 56

Investment in Affiliates, at Equity (Details) $ in Millions, ¥ in Billions	3 Months Ended
	Mar. 31, 2018JPY (¥)		Mar. 31, 2018USD ($)		Mar. 31, 2017JPY (¥)		Mar. 31, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates			$ (68)	[1]			$ 40	[1]
Restatement Adjustment [Member]
Schedule of Equity Method Investments [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates							24
Fuji Xerox
Schedule of Equity Method Investments [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates			$ (70)				37
Ownership percentage	25.00%		25.00%
After-tax restructuring and other charges			$ 79
Summary of Operations:
Revenues			2,465				2,559
Costs and expenses			2,771				2,352
(Loss) Income before Income Taxes			(306)				207
Income tax (benefit) expense			(39)				44
Net (Loss) Income			(267)				163
Less: Net income attributable to noncontrolling interests			0				1
Net (Loss) Income – Fuji Xerox			$ (267)				$ 162
Weighted Average Exchange Rate	108.07	[2]	108.07	[2]	113.72	[2]	113.72	[2]
Fuji Xerox | Parent Company - Fujifilm Holdings Corporation | Restatement Adjustment [Member]
Schedule of Equity Method Investments [Line Items]
Out-of-Period Adjustment - Fuji Xerox	¥ 12		$ 110		¥ 40		$ 360
Fuji Xerox | Non Parent Equity Investment Owner - Xerox Corporation | Restatement Adjustment [Member]
Schedule of Equity Method Investments [Line Items]
Out-of-Period Adjustment - Fuji Xerox			28				90
Other
Schedule of Equity Method Investments [Line Items]
Total Equity in net (loss) income of unconsolidated affiliates			$ 2				$ 3
[1]	Equity in net income of unconsolidated affiliates has been revised for the prior year period presented throughout this document. Refer to Note 2 - Correction of Fuji Xerox Misstatement in Prior Period Financial Statements for additional information on this revision.
[2]	Represents Yen/U.S. Dollar exchange rate used to translate.

Restructuring Programs (Details

Restructuring Programs (Details) $ in Millions		3 Months Ended
		Mar. 31, 2018USD ($)Employees	Mar. 31, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring, Net Current Period Charges	[1]	$ 28
Restructuring Charges		$ 36
Restructuring and Related Cost, Expected Number of Positions Eliminated (approximately) | Employees		400
Reversals		$ (8)
Restructuring Reserve [Roll Forward]
Balance at beginning of period		109
Provision		36
Reversals		(8)
Net Current Period Charges	[1]	28
Charges against reserve and currency		(52)	$ (57)
Balance at end of period		85
Reconciliation To Consolidated Statements Of Cash Flows [Abstract]
Charges against reserve and currency		(52)	(57)
Effects of foreign currency and other non-cash items		(2)	(1)
Restructuring Cash Payments		(54)	$ (58)
Severance and Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Net Current Period Charges	[1]	16
Restructuring Charges		24
Reversals		(8)
Restructuring Reserve [Roll Forward]
Balance at beginning of period		108
Provision		24
Reversals		(8)
Net Current Period Charges	[1]	16
Charges against reserve and currency		(41)
Balance at end of period		83
Reconciliation To Consolidated Statements Of Cash Flows [Abstract]
Charges against reserve and currency		(41)
Lease Cancellation and Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Net Current Period Charges	[1]	12
Restructuring Charges		12
Reversals		0
Restructuring Reserve [Roll Forward]
Balance at beginning of period		1
Provision		12
Reversals		0
Net Current Period Charges	[1]	12
Charges against reserve and currency		(11)
Balance at end of period		2
Reconciliation To Consolidated Statements Of Cash Flows [Abstract]
Charges against reserve and currency		(11)
Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring, Net Current Period Charges	[1],[2]	0
Restructuring Charges	[2]	0
Reversals	[2]	0
Restructuring Reserve [Roll Forward]
Balance at beginning of period	[2]	0
Provision	[2]	0
Reversals	[2]	0
Net Current Period Charges	[1],[2]	0
Charges against reserve and currency	[2]	0
Balance at end of period	[2]	0
Reconciliation To Consolidated Statements Of Cash Flows [Abstract]
Charges against reserve and currency	[2]	$ 0
[1]	Represents net amount recognized within the Condensed Consolidated Statements of Income for the period shown for restructuring and asset impairments charges.
[2]	Charges associated with asset impairments represent the write-down of the related assets to their new cost basis and are recorded concurrently with the recognition of the provision.

Debt - Interest Income and Expe

Debt - Interest Income and Expense (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Debt Disclosure [Abstract]
Interest expense	[1]	$ 65	$ 69
Interest income	[2]	$ 74	$ 78
[1]	Includes Cost of financing as well as non-financing interest expense that is included in Other expenses, net in the Condensed Consolidated Statements of Income.
[2]	Includes Finance income as well as other interest income that is included in Other expenses, net in the Condensed Consolidated Statements of Income.

Financial Instruments - Fair Va

Financial Instruments - Fair Value Hedges (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Derivative, Notional Amount	$ 1,557	$ 1,788
Average Maturity of Foreign Exchange Hedging Contracts - within Three Months	70.00%
Average Maturity of Foreign Exchange Hedging Contracts - within Three and Six Months	20.00%
Average Maturity of Foreign Exchange Hedging Contracts - within Six and Twelve Months	10.00%
Senior Notes Due 2021 [Member]
Derivative [Line Items]
Notional Amount	$ 300
Derivative Asset, Fair Value, Gross Asset (Liability)	$ (4)
Weighted Average Interest Rate Paid	2.85%
Interest Rate Received	4.50%

Financial Instruments - Summary

Financial Instruments - Summary of Derivative Instruments Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Net Derivative Asset (Liability)	$ 2	$ (22)
Assets [Member]
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Assets	12	3
Liabilities [Member]
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Liabilities	(10)	(25)
Derivatives Designated as Hedging Instruments [Member]
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Net Derivative Asset (Liability)	(4)	14
Derivatives Designated as Hedging Instruments [Member] | Liabilities [Member]
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Net Derivative Asset (Liability)	0	(13)
Derivatives Designated as Hedging Instruments [Member] | Foreign exchange contracts - forwards [Member] | Other current assets
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Assets	5	1
Derivatives Designated as Hedging Instruments [Member] | Foreign exchange contracts - forwards [Member] | Other current liabilities
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Liabilities	(4)	(15)
Derivatives Designated as Hedging Instruments [Member] | Options Held [Member] | Other current assets
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Assets	3	0
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swap [Member] | Other long-term assets
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Assets	0	1
Derivatives Designated as Hedging Instruments [Member] | Interest Rate Swap [Member] | Other long-term liabilities
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Liabilities	(4)	0
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts - forwards [Member]
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Net Derivative Asset (Liability)	2	(9)
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts - forwards [Member] | Other current assets
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Assets	4	1
Not Designated as Hedging Instrument [Member] | Foreign exchange contracts - forwards [Member] | Other current liabilities
Summary Of Derivative Instruments By Hedge Designation [Abstract]
Total Derivative Liabilities	$ (2)	$ (10)

Financial Instruments - Summa61

Financial Instruments - Summary of Derivative Instruments Gain (Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Summary of Derivative Instruments Gains (Losses) [Abstract]
Net gains recorded in AOCL expected to be reclassified to net income in the future	$ 5
Foreign Currency Transaction Gains (Losses), before Tax		$ (3)
Cash Flow Hedging [Member] | Foreign Exchange Forward [Member]
Summary of Derivative Instruments Gains (Losses) [Abstract]
Derivative gain recognized in OCI (effective portion)	12	9
Interest Expense [Member] | Fair Value Hedging [Member] | Interest Rate Contract [Member]
Summary of Derivative Instruments Gains (Losses) [Abstract]
Derivative loss recognized in interest expense	(5)	(1)
Hedged item gain recognized in interest expense	5	1
Cost of Sales [Member] | Cash Flow Hedging [Member] | Foreign Exchange Forward [Member]
Summary of Derivative Instruments Gains (Losses) [Abstract]
Derivative Loss reclassified from AOCL to income - Cost of sales (effective portion)	(12)	(4)
Derivative loss reclassified from AOCL to income - Cost of Sales (ineffective)	0	0
Underlying, Derivative	0	0
Foreign Currency Gain (Loss) [Member] | Foreign Exchange Forward [Member] | Derivatives Not Designated as Hedging Instruments [Member]
Summary of Derivative Instruments Gains (Losses) [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 0	$ 4

Fair Value of Financial Asset62

Fair Value of Financial Assets and Liabilities - Recurring (Details) - Fair Value, Measurements, Recurring [Member] - Significant Other Observable Inputs (Level 2) [Member] - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Assets:
Interest rate swaps	$ 0	$ 1
Deferred compensation investments in mutual funds	18	18
Total	30	21
Liabilities:
Interest rate swaps	4	0
Deferred compensation plan liabilities	18	19
Total	28	44
Foreign Exchange Forward [Member]
Assets:
Foreign exchange contracts - forwards	9	2
Liabilities:
Foreign exchange contracts - forwards	6	25
Options Held [Member]
Assets:
Foreign currency options	$ 3	$ 0

Fair Value of Financial Asset63

Fair Value of Financial Assets and Liabilities - Nonrecurring (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 1,398	$ 1,293
Accounts receivable, net	1,326	1,357
Short-term debt	678	282
Long-term debt	4,811	5,235
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	1,398	1,293
Accounts receivable, net	1,326	1,357
Short-term debt	679	283
Long-term debt	$ 4,880	$ 5,373

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2018
Components of Net Periodic Benefit Costs:
Defined Benefit Plans		$ 27,000,000	$ 62,000,000
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Income (Loss):
Net actuarial (gain) loss(1)		58,000,000	(8,000,000)
Amortization of net actuarial loss	[1]	46,000,000	66,000,000
Amortization of prior service credit	[1]	(2,000,000)	(2,000,000)
Pension Plan [Member]
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		38,000,000	23,000,000	$ 836,000,000
Pension Plan [Member] | Forecast
Contributions [Abstract]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year					$ 192,000,000
Pension Plan [Member] | Domestic Plan [Member]
Components of Net Periodic Benefit Costs:
Service cost		1,000,000	1,000,000
Interest cost		33,000,000	34,000,000
Expected return on plan assets		(34,000,000)	(31,000,000)
Recognized net actuarial loss		6,000,000	5,000,000
Amortization of prior service credit		0	0
Recognized settlement loss		25,000,000	42,000,000
Defined Benefit Plans		31,000,000	51,000,000
Defined contribution plans		6,000,000	6,000,000
Net Periodic Benefit Cost		37,000,000	57,000,000
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Income (Loss):
Net actuarial (gain) loss(1)	[2]	(58,000,000)	8,000,000
Amortization of net actuarial loss		(31,000,000)	(47,000,000)
Amortization of prior service credit		0	0
Total Recognized in Other Comprehensive Income(2)	[3]	(89,000,000)	(39,000,000)
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income		(52,000,000)	18,000,000
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		8,000,000	6,000,000	675,000,000
Pension Plan [Member] | Domestic Plan [Member] | Forecast
Contributions [Abstract]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year					76,000,000
Pension Plan [Member] | Domestic Plan [Member] | Minimum Funding Requirement [Member] | Qualified Plan [Member]
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		0
Pension Plan [Member] | Domestic Plan [Member] | Voluntary Contributions [Member] | Qualified Plan [Member]
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		50,000,000
Pension Plan [Member] | Foreign Plan [Member]
Components of Net Periodic Benefit Costs:
Service cost		6,000,000	7,000,000
Interest cost		39,000,000	39,000,000
Expected return on plan assets		(63,000,000)	(53,000,000)
Recognized net actuarial loss		15,000,000	19,000,000
Amortization of prior service credit		(1,000,000)	(1,000,000)
Recognized settlement loss		0	0
Defined Benefit Plans		(4,000,000)	11,000,000
Defined contribution plans		7,000,000	7,000,000
Net Periodic Benefit Cost		3,000,000	18,000,000
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Income (Loss):
Net actuarial (gain) loss(1)	[2]	0	0
Amortization of net actuarial loss		(15,000,000)	(19,000,000)
Amortization of prior service credit		1,000,000	1,000,000
Total Recognized in Other Comprehensive Income(2)	[3]	(14,000,000)	(18,000,000)
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income		(11,000,000)	0
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		30,000,000	17,000,000	161,000,000
Pension Plan [Member] | Foreign Plan [Member] | Forecast
Contributions [Abstract]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year					116,000,000
Retiree Health [Member]
Components of Net Periodic Benefit Costs:
Service cost		1,000,000	1,000,000
Interest cost		6,000,000	7,000,000
Expected return on plan assets		0	0
Recognized net actuarial loss		0	0
Amortization of prior service credit		(1,000,000)	(1,000,000)
Recognized settlement loss		0	0
Defined Benefit Plans		6,000,000	7,000,000
Net Periodic Benefit Cost		6,000,000	7,000,000
Other changes in plan assets and benefit obligations recognized in Other Comprehensive Income (Loss):
Net actuarial (gain) loss(1)	[2]	0	0
Amortization of net actuarial loss		0	0
Amortization of prior service credit		1,000,000	1,000,000
Total Recognized in Other Comprehensive Income(2)	[3]	1,000,000	1,000,000
Total Recognized in Net Periodic Benefit Cost and Other Comprehensive Income		7,000,000	8,000,000
Contributions [Abstract]
Defined Benefit Plan, Plan Assets, Contributions by Employer		$ 15,000,000	$ 14,000,000	$ 64,000,000
Retiree Health [Member] | Forecast
Contributions [Abstract]
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year					$ 62,000,000
[1]	Reclassified to Total Net Periodic Benefit Cost - refer to Note 15 - Employee Benefit Plans for additional information.
[2]	The net actuarial (gain) loss for U.S. Plans primarily reflects the re-measurement of our primary U.S. pension plans as a result of the payment of periodic settlements.
[3]	Amounts represent the pre-tax effect included within Other comprehensive Income. Refer to Note 17 - Other Comprehensive Income for related tax effects and the after-tax amounts.

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance		$ 5,256
Noncontrolling Interests, Beginning Balance		37
Total Equity, Beginning Balance		5,293	$ 4,747
Cumulative effect of change in accounting principle(1)	[1]	117
Comprehensive income, net attributable to Xerox		234	206
Comprehensive income, net attributable to noncontrolling interests		3	3
Comprehensive Income, Net		237	209
Cash dividends declared - common	[2]	(65)	(64)
Cash dividends declared - preferred	[3]	(4)	(4)
Stock option and incentive plans, net		15	6
Distributions and purchases - noncontrolling interests		(11)	(1)
Xerox Shareholders' Equity, Ending Balance		5,553
Noncontrolling Interests, Ending Balance		29
Total Equity, Ending Balance		$ 5,582	$ 4,893
Dividends per common share (in dollars per share)		$ 0.25	$ 0.25
Treasury Stock, Shares, Acquired (in shares)		0
Series B Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends per preferred share (in dollars per share)		$ 20	$ 20
Xerox Shareholders’ Equity
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance		$ 5,256	$ 4,709
Cumulative effect of change in accounting principle(1)	[1]	117
Comprehensive income, net attributable to Xerox		234	206
Cash dividends declared - common	[2]	(65)	(64)
Cash dividends declared - preferred	[3]	(4)	(4)
Stock option and incentive plans, net		15	6
Distributions and purchases - noncontrolling interests		0	0
Xerox Shareholders' Equity, Ending Balance		5,553	4,853
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance		255	254
Cumulative effect of change in accounting principle(1)	[1]	0
Comprehensive income, net attributable to Xerox		0	0
Cash dividends declared - common	[2]	0	0
Cash dividends declared - preferred	[3]	0	0
Stock option and incentive plans, net		0	0
Distributions and purchases - noncontrolling interests		0	0
Xerox Shareholders' Equity, Ending Balance		255	254
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance		3,893	3,858
Cumulative effect of change in accounting principle(1)	[1]	0
Comprehensive income, net attributable to Xerox		0	0
Cash dividends declared - common	[2]	0	0
Cash dividends declared - preferred	[3]	0	0
Stock option and incentive plans, net		15	6
Distributions and purchases - noncontrolling interests		0	0
Xerox Shareholders' Equity, Ending Balance		3,908	3,864
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance		4,856	4,934
Cumulative effect of change in accounting principle(1)	[1]	117
Comprehensive income, net attributable to Xerox		23	40
Cash dividends declared - common	[2]	(65)	(64)
Cash dividends declared - preferred	[3]	(4)	(4)
Stock option and incentive plans, net		0	0
Distributions and purchases - noncontrolling interests		0	0
Xerox Shareholders' Equity, Ending Balance		4,927	4,906
AOCL
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Xerox Shareholders' Equity, Beginning Balance	[4]	(3,748)	(4,337)
Cumulative effect of change in accounting principle(1)	[1],[4]	0
Comprehensive income, net attributable to Xerox	[4]	211	166
Cash dividends declared - common	[2],[4]	0	0
Cash dividends declared - preferred	[3],[4]	0	0
Stock option and incentive plans, net	[4]	0	0
Distributions and purchases - noncontrolling interests	[4]	0	0
Xerox Shareholders' Equity, Ending Balance	[4]	(3,537)	(4,171)
Non-controlling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interests, Beginning Balance		37	38
Cumulative effect of change in accounting principle(1)	[1]	0
Comprehensive income, net attributable to noncontrolling interests		3	3
Cash dividends declared - common	[2]	0	0
Cash dividends declared - preferred	[3]	0	0
Stock option and incentive plans, net		0	0
Distributions and purchases - noncontrolling interests		(11)	(1)
Noncontrolling Interests, Ending Balance		$ 29	$ 40
[1]	Refer to Note 3 - Adoption of New Revenue Recognition Standard for additional information.
[2]	Cash dividends declared on common stock of $0.25 per share in the first quarter of 2018 and 2017.
[3]	Cash dividends declared on preferred stock of $20.00 per share in the first quarter of 2018 and 2017.
[4]	Refer to Note 17 - Other Comprehensive Income for components of AOCL.

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Other Comprehensive Income (Loss) [Abstract]
Translation Adjustments Gains, pre-tax		$ 184	$ 134
Translation Adjustments Gains, net of tax	[1]	176	133
Changes in fair value of cash flow hedges - gains, pre-tax		12	9
Changes in fair value of cash flow hedges - gains, net of tax		8	6
Changes in cash flow hedges reclassed to earnings, pre-tax	[2]	12	4
Changes in cash flow hedges reclassed to earnings, net of tax	[2]	10	2
Other losses, pre-tax		(1)	0
Other losses, net of tax		(1)	0
Net Unrealized Gains, pre-tax		23	13
Net Unrealized Gains, net of tax	[1]	17	8
Net actuarial/prior service gains (losses), pre-tax		58	(8)
Net actuarial/prior service gains (losses), net of tax		43	(5)
Prior service amortization, pre-tax	[3]	(2)	(2)
Prior service amortization, net of tax	[3]	(1)	(1)
Actuarial loss amortization/settlement, pre-tax	[3]	46	66
Actuarial loss amortization/settlement, net of tax	[3]	35	44
Fuji Xerox changes in defined benefit plans, net, pre-tax	[4]	(21)	13
Fuji Xerox changes in defined benefit plans, net, net of tax	[4]	(21)	13
Other losses, pre-tax	[5]	(38)	(25)
Other losses, net of tax	[5]	(38)	(25)
Change in Defined Benefit Plans Gains, Pre-tax		43	44
Change in Defined Benefit Plans Gains, Net of Tax	[1]	18	26
Other Comprehensive Income, pre-tax		250	191
Other Comprehensive Income, net of tax	[1]	211	167
Less: Other comprehensive income attributable to noncontrolling interests, pre-tax		0	1
Less: Other comprehensive income attributable to noncontrolling interests, net of tax		0	1
Other Comprehensive Income Attributable to Xerox, pre-tax		250	190
Other Comprehensive Income, Attributable to Xerox, net of tax		211	$ 166
Cumulative translation adjustments		(1,605)		$ (1,781)
Other unrealized gains (losses), net		5		(12)
Benefit plans net actuarial losses and prior service credits	[6]	(1,937)		(1,955)
Total Accumulated other comprehensive loss attributable to Xerox		$ (3,537)		$ (3,748)
[1]	Refer to Note 17 - Other Comprehensive Income for gross components of Other Comprehensive Income, reclassification adjustments out of Accumulated Other Comprehensive Loss and related tax effects.
[2]	Reclassified to Cost of sales - refer to Note 13 - Financial Instruments for additional information regarding our cash flow hedges.
[3]	Reclassified to Total Net Periodic Benefit Cost - refer to Note 15 - Employee Benefit Plans for additional information.
[4]	Represents our share of Fuji Xerox's benefit plan changes.
[5]	Primarily represents currency impact on cumulative amount of benefit plan net actuarial losses and prior service credits in AOCL.
[6]	Includes our share of Fuji Xerox.

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Basic Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Net loss from discontinued operations attributable to Xerox	$ 0	$ (6)
Continuing operations (dollars per share)	$ 0.08	$ 0.17
Discontinued operations (dollars per share)	0	(0.03)
Total Basic Earnings per Share	$ 0.08	$ 0.14
Diluted Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Net loss from discontinued operations attributable to Xerox	$ 0	$ (6)
Common shares issuable with respect to:
Continuing operations (dollars per share)	$ 0.08	$ 0.16
Discontinued operations (dollars per share)	0	(0.02)
Total Diluted Earnings per Share	$ 0.08	$ 0.14
Earnings (loss) per share, basic [Member]
Basic Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Accrued dividends on preferred stock	(4)	(4)
Adjusted Net income from continuing operations available to common shareholders	19	42
Net loss from discontinued operations attributable to Xerox	0	(6)
Adjusted Net income available to common shareholders	$ 19	$ 36
Weighted average common shares outstanding (in shares)	254,660	254,038
Continuing operations (dollars per share)	$ 0.08	$ 0.17
Discontinued operations (dollars per share)	0	(0.03)
Total Basic Earnings per Share	$ 0.08	$ 0.14
Diluted Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Net loss from discontinued operations attributable to Xerox	$ 0	$ (6)
Weighted average common shares outstanding (in shares)	254,660	254,038
Earnings (loss) per share, diluted [Member]
Basic Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Accrued dividends on preferred stock	(4)	(4)
Net loss from discontinued operations attributable to Xerox	$ 0	$ (6)
Weighted average common shares outstanding (in shares)	254,660	254,038
Diluted Earnings (Loss) per Share:
Net Income from Continuing Operations Attributable to Xerox	$ 23	$ 46
Adjusted Net income from continuing operations available to common shareholders	19	42
Net loss from discontinued operations attributable to Xerox	0	(6)
Adjusted Net income available to common shareholders	$ 19	$ 36
Weighted average common shares outstanding (in shares)	254,660	254,038
Common shares issuable with respect to:
Adjusted Weighted Average Common Shares Outstanding - Diluted (in shares)	257,470	256,142
Continuing operations (dollars per share)	$ 0.08	$ 0.16
Discontinued operations (dollars per share)	0	(0.02)
Total Diluted Earnings per Share	$ 0.08	$ 0.14
Earnings (loss) per share, diluted [Member] | Restricted Stock and Performance Shares [Member]
Common shares issuable with respect to:
Restricted stock and performance shares (in shares)	2,810	2,104

Earnings per Share - Anti Dilut

Earnings per Share - Anti Dilutive Securities (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	9,719	10,679
Dividends per common share (in dollars per share)	$ 0.25	$ 0.25
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	0	0
Restricted Stock and Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	2,977	3,937
Convertible preferred stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	6,742	6,742

Contingencies and Litigation (D

Contingencies and Litigation (Details) $ in Millions	May 09, 2014	Feb. 28, 2018complaintclass_action	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Multiplier Of Overpayment Amounts	2
Pending Litigation [Member] | Transactions To Combine Xerox And Fuji Xerox [Member]
Loss Contingencies [Line Items]
Loss Contingency, New Claims Filed, Number | complaint		5
Loss Contingency, Number Of Class Actions Filed | class_action		4
Brazil Tax And Labor Contingencies [Member]
Loss Contingencies [Line Items]
Unreserved tax and labor contingencies			$ 585	$ 600
Escrow cash deposits			72
Letters of Credit Outstanding, Amount			131
Surety Bonds Outstanding, Amount			107
Net Book Value Of Liened Assets			0
Performance Guarantee [Member]
Loss Contingencies [Line Items]
Maximum exposure, undiscounted			$ 366

Contingencies and Litigation -

Contingencies and Litigation - Other Contingencies (Details) $ in Millions	Mar. 31, 2018USD ($)
Performance Guarantee [Member]
Guarantor Obligations [Line Items]
Maximum exposure, undiscounted	$ 366

Fuji Xerox Transaction and Re71

Fuji Xerox Transaction and Recent Developments (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	May 10, 2018
Termination fee	$ 183
Unsecured Debt [Member]
Bridge Loan	2,500
Debt Issuance Costs, Net	11
Expected [Member] | Pension Plan [Member] | Unfunded Plan [Member]
Change in control payment	$ 350
Expected [Member] | Unsecured Debt [Member]
Debt Issuance Costs, Net		$ 6
Fuji Xerox
Ownership percentage	25.00%
Fuji Xerox | FUJIFILM
Investment Owned, Percent of Net Assets	75.00%
FUJIFILM | Xerox Corporation [Member]
Investment Owned, Percent of Net Assets	50.10%
Non-controlling Interests | Fuji Xerox
Ownership percentage	25.00%
Non-controlling Interests | Xerox Corporation [Member]
Investment Owned, Percent of Net Assets	49.90%
Expected special dividend	$ 2,500
Expected special dividend - per share	$ 9.80