| Statement of Financial Position, Classified (USD $) | ||
| In Millions, except Share data | Mar. 31, 2009
Unaudited | Dec. 31, 2008
Audited |
| Cash and Cash Equivalents, at Carrying Value [Abstract] | ||
| Cash and Cash Equivalents, at Carrying Value, Total | $549 | $1,229 |
| Accounts Receivable, Net, Current [Abstract] | ||
| Accounts Receivable, Net, Current, Total | 1,930 | 2,184 |
| Inventory, Net [Abstract] | ||
| Inventory, Net, Total | 1,295 | 1,232 |
| Billed portion of finance receivables, net | 257 | 254 |
| Finance Receivables, Net | 2,326 | 2,461 |
| Other Assets, Current | 725 | 790 |
| Assets, Current, Total | 7,082 | 8,150 |
| Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] | ||
| Equity Method Investments | 947 | 1,080 |
| Finance Receivables Due After One Year, Net | 4,379 | 4,563 |
| Inventory, Noncurrent [Abstract] | ||
| Equipment on Operating Lease, Net | 566 | 594 |
| Property, Plant and Equipment, Net [Abstract] | ||
| Property, Plant and Equipment, Net, Total | 1,380 | 1,419 |
| Goodwill | 3,275 | 3,182 |
| Intangible Assets, Net (Excluding Goodwill) [Abstract] | ||
| Intangible Assets, Net (Excluding Goodwill), Total | 635 | 610 |
| Deferred Tax Assets, Net, Noncurrent | 1,667 | 1,692 |
| Other Assets, Noncurrent | 1,109 | 1,157 |
| Assets, Total | 21,040 | 22,447 |
| Accounts Payable and Accrued Liabilities [Abstract] | ||
| Accounts Payable | 1,282 | 1,446 |
| Employee-related Liabilities | 561 | 625 |
| Debt, Current [Abstract] | ||
| Debt, Current, Total | 641 | 1,610 |
| Other Liabilities, Current | 1,368 | 1,769 |
| Liabilities, Current, Total | 3,852 | 5,450 |
| Long-term Debt, Noncurrent [Abstract] | ||
| Long-term Debt, Noncurrent, Total | 7,258 | 6,774 |
| Liability to Subsidiary Trust Issuing Preferred Securities | 648 | 648 |
| Pension and Other Postretirement Defined Benefit Plans, Noncurrent Liabilities [Abstract] | ||
| Defined Benefit Pension Plan, Noncurrent Liabilities | 1,747 | 1,747 |
| Other Postretirement Defined Benefit Plan, Noncurrent Liabilities | 879 | 896 |
| Other Liabilities, Noncurrent | 587 | 574 |
| Liabilities, Total | 14,971 | 16,089 |
| Stockholders' Equity [Abstract] | ||
| Common Stock, Value | 866 | 866 |
| Additional Paid in Capital [Abstract] | ||
| Additional Paid in Capital, Common Stock | 2,464 | 2,447 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||
| Accumulated Other Comprehensive Income (Loss), Net of Tax, Total | (2,730) | (2,416) |
| Retained Earnings (Accumulated Deficit) [Abstract] | ||
| Retained Earnings (Accumulated Deficit), Total | 5,345 | 5,341 |
| Xerox Shareholders' Equity | 5,945 | 6,238 |
| Noncontrolling Interest | 124 | 120 |
| Stockholders' Equity, Total | 6,069 | 6,358 |
| Liabilities and Stockholders' Equity, Total | $21,040 | $22,447 |
| Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract] | ||
| Common Stock, Shares, Issued | 864,787 | 864,777 |
| Common Stock, Shares, Outstanding | 864,787 | 864,777 |
| Statement of Income (Excluding Gross Margin Alternative) (Unaudited, USD $) | ||
| In Millions | 3 Months Ended
Mar. 31, 2009 | 3 Months Ended
Mar. 31, 2008 |
| Sales Revenue, Goods, Net [Abstract] | ||
| Sales Revenue, Goods, Net, Total | $1,494 | $2,013 |
| Sales Revenue, Services, Net [Abstract] | ||
| Sales Revenue, Services, Net, Total | 1,880 | 2,113 |
| Finance Interest Income | 180 | 209 |
| Revenues, Total | 3,554 | 4,335 |
| Cost of Goods Sold [Abstract] | ||
| Cost of Goods Sold, Total | 1,004 | 1,319 |
| Cost of Services [Abstract] | ||
| Cost of Services, Total | 1,100 | 1,231 |
| Financial Services Costs [Abstract] | ||
| Financing Interest Expense | 69 | 80 |
| Operating Expenses [Abstract] | ||
| Research, Development and Engineering Expense | 204 | 221 |
| Restructuring, Settlement and Impairment Provisions [Abstract] | ||
| Restructuring and Asset Impairment Charges | (2) | 3 |
| Selling, General and Administrative Expense [Abstract] | ||
| Selling, General and Administrative Expense, Total | 1,004 | 1,124 |
| Other General Expense | 97 | 866 |
| Costs and Expenses, Total | 3,476 | 4,844 |
| Income (Loss) from Continuing Operations before Income Taxes, Minority Interest, and Income (Loss) from Equity Method Investments, Total | 78 | (509) |
| Income (Loss) from Unconsolidated Affiliates | (10) | 28 |
| Income Tax Expense (Benefit) [Abstract] | ||
| Income Tax Expense (Benefit), Total | 19 | (246) |
| Net Income (Loss), Total | 49 | (235) |
| Net Income (Loss) - Noncontrolling Interest | 7 | 9 |
| Net Income (Loss) - Xerox Corporation | $42 | ($244) |
| Earnings Per Share, Basic [Abstract] | ||
| Earnings Per Share, Basic, Total | 0.05 | -0.27 |
| Earnings Per Share, Diluted [Abstract] | ||
| Earnings Per Share, Diluted, Total | 0.05 | -0.27 |
| Statement of Cash Flows (USD $) | ||
| In Millions | 3 Months Ended
Mar. 31, 2009 Unaudited | 3 Months Ended
Mar. 31, 2008 Unaudited |
| Income (Loss) from Continuing Operations [Abstract] | ||
| Net Income (Loss) - Xerox Corporation | $42 | ($244) |
| Depreciation and Amortization [Abstract] | ||
| Depreciation and Amortization, Total | 169 | 145 |
| Provision for Doubtful Accounts | 68 | 30 |
| Pension and Other Postretirement Benefit Contributions [Abstract] | ||
| Pension Contributions | (28) | (35) |
| Share-based Compensation [Abstract] | ||
| Share-based Compensation, Total | 17 | 20 |
| Litigation Reserve | 2 | 795 |
| Restructuring Costs [Abstract] | ||
| Payments for Restructuring | (87) | (37) |
| Asset Impairment Charges [Abstract] | ||
| Write-off of Inventory | 16 | 19 |
| Gain (Loss) on Sale of Property Plant Equipment [Abstract] | ||
| (Gain) Loss on Sale of Property Plant Equipment, Net | (2) | (7) |
| Unrealized Gain (Loss) on Derivatives and Commodity Contracts [Abstract] | ||
| Unrealized Gain (Loss) on Derivatives | (40) | 23 |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions [Abstract] | ||
| Loss (Income) from Unconsolidated Affiliates, Net | 10 | (27) |
| Payments for Securities Litigation, Net | (28) | 0 |
| Increase (Decrease) in Receivables [Abstract] | ||
| Decrease (Increase) in Accounts and Other Receivables | 167 | (28) |
| Decrease (Increase) in Finance Receivables | 113 | 124 |
| Increase (Decrease) in Inventories [Abstract] | ||
| Decrease (Increase) in Inventories, Total | (105) | (129) |
| Decrease (Increase) in Other Operating Assets | 17 | (34) |
| Increase (Decrease) in Accounts Payable and Accrued Liabilities [Abstract] | ||
| Increase (Decrease) in Accounts Payable and Accrued Liabilities, Total | (168) | (183) |
| Increase (Decrease) in Other Operating Liabilities | (105) | (23) |
| Decrease (Increase) in Equipment on Operating Lease | (63) | (77) |
| Increase (Decrease) in Income Tax Assets and Liabilities | 2 | (300) |
| Increase (Decrease) in Other Operating Capital, Net | 25 | 20 |
| Net Cash Provided by (Used in) Operating Activities, Total | 22 | 52 |
| Payments to Acquire Property, Plant, and Equipment [Abstract] | ||
| Payments to Acquire Property, Plant, and Equipment, Total | (37) | (44) |
| Payments to Develop Software | (28) | (27) |
| Proceeds from Sale of Property, Plant, and Equipment [Abstract] | ||
| Proceeds from Sale of Property, Plant, and Equipment, Total | 3 | 9 |
| Payments to Acquire Businesses, Net of Cash Acquired [Abstract] | ||
| Payments to Acquire Businesses, Net of Cash Acquired, Total | (145) | (4) |
| Increase (Decrease) of Restricted Investments | 0 | 1 |
| Net Cash Provided by (Used in) Investing Activities, Total | (207) | (65) |
| Proceeds from (Repayments of) Long-term Debt and Capital Securities [Abstract] | ||
| Proceeds from (Repayments of) Secured Debt | (25) | (88) |
| Proceeds from (Repayments of) Other Debt [Abstract] | ||
| Proceeds from (Repayments of) Other Debt, Total | (417) | 246 |
| Payments for Repurchase of Equity [Abstract] | ||
| Payments for Repurchase of Common Stock | 0 | (335) |
| Payments for Repurchase of Equity, Total | 0 | (32) |
| Payments of Ordinary Dividends [Abstract] | ||
| Payments of Dividends, Common Stock | (37) | (40) |
| Proceeds from (Payments for) Other Financing Activities | (3) | (1) |
| Net Cash Provided by (Used in) Financing Activities, Total | (482) | (250) |
| Effect of Exchange Rate on Cash and Cash Equivalents [Abstract] | ||
| Effect of Exchange Rate on Cash and Cash Equivalents, Total | (13) | 6 |
| Cash and Cash Equivalents, Period Increase (Decrease), Total | (680) | (257) |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 1,229 | 1,099 |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance | $549 | $842 |
| Notes to Condensed Consolidated Financial Statements (Unaudited) | |
| 3 Months Ended
Mar. 31, 2009 | |
| General Policies [Abstract] | |
| Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1Basis of Presentation References herein to we, us, our, the Company and Xerox refer to Xerox Corporation and its consolidated subsidiaries unless the context specifically requires otherwise. We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with the accounting policies described in our 2008 Annual Report to Shareholders, which is incorporated by reference in our 2008 Annual Report on Form 10-K (2008 Annual Report), 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 2008 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. 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). On January1, 2009, we adopted SFAS No.160, Noncontrolling Interests in Consolidated Financial Statements an amendment of ARB No.51, which changed the presentation requirements for noncontrolling (minority) interests. Refer to Note 2 Recent Accounting Pronouncements Business Combinations and Noncontrolling Interests for more information. |
| New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
| Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2Recent Accounting Pronouncements Fair Value Accounting In 2006, the FASB issued SFAS No.157, Fair Value Measurements (FAS 157). FAS 157 defines fair value, establishes a market-based framework or hierarchy for measuring fair value and expands disclosures about fair value measurements. FAS 157 is applicable whenever another accounting pronouncement requires or permits assets and liabilities to be measured at fair value. FAS 157 does not expand or require any new fair value measures, however the application of this statement may change current practice. We adopted FAS 157 for financial assets and liabilities effective January1, 2008 and for non financial assets and liabilities effective January1, 2009. The adoption of FAS 157, which primarily affected the valuation of our derivative contracts, did not have a material effect on our financial condition or results of operations. In April 2009, the FASB issued three FASB Staff Positions (FSPs) in order to provide additional application guidance and enhance disclosures regarding fairvalue measurements and impairments of securities. FSP FAS 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly (FSP FAS 157-4). FSP FAS 157-4 relates to determining fair values when there is no active market or where the price inputs being used represent distressed sales. It reaffirms the need to use judgment to ascertain if a formerly active market has become inactive and in determining fair values when markets have become inactive. FSP FAS 115-2 and FAS 124-2 Recognition and Presentation of Other-Than-Temporary Impairments. This FSP is intended to bring consistency to the timing of impairment recognition, and provide improved disclosures about the credit and noncredit components of impaired debt securities that are not expected to be sold. The measure of impairment in comprehensive income remains fair value. The FSP also requires increased and more timely disclosures regarding expected cash flows, credit losses, and an aging of securities with unrealized losses. FSP FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments. This FSP relates to fair value disclosures for financial instruments that are not currently reflected on the balance sheet at fair value. Prior to issuing this FSP, fair values for these assets and liabilities were only disclosed once a year. The FSP now requires these disclosures on a quarterly basis, providing qualitative and quantitative information about fair value estimates for all those financial instruments not measured on the balance sheet at fair value. We have elected to early adopt these FSPs effective March31, 2009. The adoption of these FSPs did not have a material effect on our financial condition or results of operations. Business Combinations and Noncontrolling Interests In 2007, the FASB issued SFAS No.141 (revised 2007), Business Combinations (FAS 141(R)). FAS 141(R) requires the acquiring entity in a business combination to recognize the full fair value of assets acquired and liabili |
| Segment Reporting Disclosure [Text Block] | Note 3Segment Reporting Our reportable segments are consistent with how we manage the business and view the markets we serve. Our reportable segments are Production, Office and Other. The Production and Office segments are centered around strategic product groups which share common technology, manufacturing and product platforms, as well as classes of customers. The Production segment includes black-and-white products which operate at speeds over 90 pages per minute (ppm) excluding 95 ppm with an embedded controller and color products which operate at speeds over 40 ppm excluding 50, 60 and 70 ppm products with an embedded controller. Products include theXerox iGen3(r) and iGen4 digital color production press, Xerox Nuvera(r), DocuTech(r), DocuPrint(r) and DocuColor(r) families, as well as older technology light-lens products. These products are sold predominantly through direct sales channels to Fortune 1000, graphic arts, government, education and other public sector customers. The Office segment includes black-and-white products which operate at speeds up to 90 ppm as well as 95 ppm with an embedded controller and color products up to 40 ppm as well as 50, 60 and 70 ppm products with an embedded controller. Products include the suite of CopyCentre(r), WorkCentre(r), WorkCentre Pro and Phaser(r) digital multifunction systems, DocuColor color multifunction products, color laser, solid ink colorprinters and multifunction devices, monochrome laser desktop printers, digital and light-lens copiers and facsimile products and non-Xerox branded products with similar specifications. These products are sold through direct and indirect sales channels to global, national and mid-size commercial customers as well as government, education and other public sector customers. The segment classified as Other includes several units, none of which met the thresholds for separate segment reporting. This group primarily includes Xerox Supplies Business Group (predominantly paper sales), Value-Added Services, Wide Format Systems, Xerox Technology Enterprises, royalty and licensing revenues, GIS network integration solutions and electronic presentation systems, equity net income and non-allocated Corporate items. Other segment profit (loss) includes the operating results from these entities, other less significant businesses, our equity in net income (loss) from Fuji Xerox, and certain costs which have not been allocated to the Production and Office segments, including non-financing interest as well as other items included in Other expenses,net. Operating segment revenues and profitability for the three months ended March31, 2009 and 2008 were as follows: Production Office Other Total 2009 Segment revenues $ 1,053 $ 2,011 $ 490 $ 3,554 Segment profit (loss) $ 40 $ 138 $ (90 ) $ 88 2008 Segment revenues $ 1,271 $ 2,447 $ 617 $ 4,335 Segment profit (loss) $ 101 $ 265 $ (40 ) $ 326 ThreeMonths EndedMarch31 |
| Business Combination Disclosure [Text Block] | |
| Schedule of Business Acquisitions by Acquisition [Text Block] | Note 4Acquisition In February 2009, Global Imaging Systems, Inc. (GIS”) acquired ComDoc, Inc. (ComDoc) for approximately $145 in cash. ComDoc is one of the larger independent dealers in the U.S. and expands GISs coverage in Ohio, Pennsylvania, New York and West Virginia. This acquisition continues GISs expansion of a national network of office technology suppliers to serve its growing base of small and mid-size businesses. The operating results of ComDoc are not material to our financial statements and are included within our Office segment from the date of acquisition. The purchase price was primarily allocated to intangible assets and goodwill based on third-party valuations and managements estimates. |
| Inventory Disclosure [Text Block] | Note 5Inventories The following is a summary of Inventories by major category: March31, 2009 December31, 2008 Finished goods $ 1,100 $ 1,044 Work-in-process 77 80 Raw materials 118 108 Total Inventories $ 1,295 $ 1,232 |
| Equity Method Investments Disclosure [Text Block] | |
| Equity Method Investments [Text Block] | Note 6Investment in Fuji Xerox and Other Unconsolidated Affiliates Our equity in net (loss) income of our unconsolidated affiliates was as follows: ThreeMonthsEnded March31, 2009 2008 Fuji Xerox $ (12 ) $ 26 Other investments 2 2 Total Equity in Net (Loss) Income of Unconsolidated Affiliates $ (10 ) $ 28 Condensed financial data of Fuji Xerox was as follows: ThreeMonthsEnded March 31, 2009 2008 Summary of Operations: Revenues $ 2,670 $ 3,033 Cost and expenses 2,763 2,822 (Loss) income before income taxes (93 ) 211 Income tax (benefit) expense (52 ) 83 Minorities interests 2 Net (Loss) Income $ (41 ) $ 126 Equity in net (loss) income of Fuji Xerox is affected by certain adjustments to reflect the deferral of profit associated with intercompany sales. These adjustments may result in recorded equity income that is different from that implied by our 25% ownership interest. Equity (loss) income for first quarter 2009 and 2008 includes after-tax restructuring charges of $22 and $10, respectively, primarily reflecting Fuji Xeroxs continued cost-reduction initiatives. |
| Restructuring and Related Activities Disclosure [Text Block] | Note 7Restructuring Programs Information related to restructuring program activity during the three months ended March31, 2009 is outlined below. Severanceand Related Costs Lease Cancellation and Other Costs Total Balance December31, 2008 $ 320 $ 32 $ 352 Restructuring provision 10 3 13 Reversals of prior accruals (14 ) (1 ) (15 ) Net current period charges(1) (4 ) 2 (2 ) Charges against reserve and currency (93 ) (4 ) (97 ) Balance March31, 2009 $ 223 $ 30 $ 253 (1) Represents net amount recognized within the Condensed Consolidated Statements of Income for the period shown. Reconciliation to the Condensed Consolidated Statements of Cash Flows: ThreeMonths EndedMarch31, 2009 2008 Charges to reserve, all programs $ (97 ) $ (35 ) Effects of foreign currency and other non-cash 10 (2 ) Cash payments for restructurings $ (87 ) $ (37 ) |
| Interest Income and Interest Expense Disclosure [Text Block] | Note 8Interest Expense and Income Interest expense and interest income were as follows: ThreeMonths EndedMarch31, 2009 2008 Interest expense(1) $ 130 $ 134 Interest income(2) $ 185 $ 221 (1) Includes Equipment financing interest, 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. |
| Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 9Financial 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 flowhedges depending on the nature of the risk being hedged. Fair Value Hedges For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk arerecognized in current earnings. As of March31, 2009 and December31, 2008, pay variable/receive fixed interest rate swaps with notional amounts of $650 and $675 and net asset fair values of $4 and $53, respectively, were designated andaccounted 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 during 2009 or 2008. The following is a summary of our fair value hedges at March31, 2009: Debt Instrument Year First Designated Notional Amount Net Fair Value Weighted Average Interest RatePaid Interest RateReceived Basis Maturity Senior Notes due 2012 2009 $ 250 $ 1 4.20 % 5.50 % Libor 2012 Senior Notes due 2013 2009 400 3 3.89 % 5.65 % Libor 2013 Total $ 650 $ 4 Cash Flow Hedges We have pay fixed/receive variable interest rate swaps with notional amounts of $150 and a net liability fair value of $2 at March31, 2009 and December31, 2008, that were designated and accounted for as cash flow hedges. These swaps were structured to hedge the LIBOR interest rate of the floating Senior Notes due 2009 by converting it from a variable rate instrument to a fixed rate instrument. No ineffective portion was recorded to earnings for the three months endedMarch31, 2009, and all components of the derivative gain or loss was included in the assessment of hedged effectiveness. Terminated Swaps During the three months ended March31, 2009, interest rate swaps which had been designated as fair value hedges of certain debt instruments wereterminated. These terminated interest rate swaps had an aggregate notional value of $675. The associated net fair value adjustment of $(34) to the debt instruments is being amortized to interest income over the remaining term of the related notes. Foreign Exchange Risk Management We use certainderivative instruments to manage the exposures associated with the foreign currency exchange risks discussed below. Foreign Currency Denominated Assetsand Liabilities We generally utilize forward foreign exchange contracts and purchased option contracts to hedge these exposures. Changes in the valueof these currency derivatives are recorded in earnings together with the offsetting foreign exchange gains and losses on the underlying assets and liabilities. Forecasted Purchases and Sales in Foreign Currency We generally |
| Fair Value Disclosures [Text Block] | Note 9 - Financial Instruments Fair Value of Financial Assets and Liabilities The following table represents assets and liabilities measured at fair value on a recurring basis as of March31, 2009 and the basis for that measurement: Total Fair Value Measurement March31,2009 Quoted Prices in ActiveMarketsfor Identical Asset (Level 1) Significant Other ObservableInputs (Level 2) Significant UnobservableInputs (Level3) Derivative Assets $ 17 $ $ 17 $ Derivative Liabilities $ 38 $ $ 38 $ We utilize the income approach to measure 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. The estimated fair values of our other financial assets and liabilities not measured at fair value on a recurring basis were as follows: March31, 2009 December31, 2008 Carrying Amount Fair Value Carrying Amount Fair Value Cash and cash equivalents $ 549 $ 549 $ 1,229 $ 1,229 Accounts receivable, net 1,930 1,930 2,184 2,184 Short-term debt 641 633 1,610 1,593 Long-term debt 7,258 6,151 6,774 5,918 Liability to subsidiary trust issuing preferred securities 648 467 648 555 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, as well as our Liability to subsidiary trust issuing preferred securities, was estimated based on quoted market prices for publicly traded securities or on the current rates offered to us for debt of similar maturities. 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. |
| Pension and Other Postretirement Benefits Disclosure [Text Block] | Note 10Employee Benefit Plans The components of Net periodic benefit cost and other amounts recognized in Other comprehensive income were as follows: Three Months Ended March31, Pension Benefits Retiree Health 2009 2008 2009 2008 Service cost $ 44 $ 55 $ 2 $ 4 Interest cost 121 144 15 22 Expected return on plan assets (124 ) (165 ) Recognized net actuarial loss 5 10 1 Amortization of prior service credit (5 ) (5 ) (10 ) (3 ) Recognized settlement loss 15 8 Net periodic benefit cost 56 47 7 24 Other changes in plan assets and benefit obligations recognized in Other comprehensive income: Amortization of net prior service credit 5 5 10 3 Net actuarial losses (20 ) (18 ) (1 ) Total recognized in Other comprehensive income(1) (15 ) (13 ) 10 2 Total recognized in Net periodic benefit cost and Other comprehensive income $ 41 $ 34 $ 17 $ 26 (1) Amount represents the pre-tax effect included within Other comprehensive income. The amount, net of tax, is included within Note11, Shareholders Equity. During the three months ended March31, 2009, we made contributions of $28 and $30 to our pension plans and our other post-retirement benefit plans, respectively. We presently anticipate contributing an additional $77 to our pension plans and $78 to our other post-retirement benefit plans in 2009 for a total of $105 for pension plans and $108 for other post-retirement benefit plans. |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' Equity Note Disclosure [Text Block] | Note 11Shareholders Equity March31, 2009 December31, 2008 Common stock $ 866 $ 866 Additional paid-in-capital 2,464 2,447 Retained earnings 5,345 5,341 Accumulated other comprehensive loss (2,730 ) (2,416 ) Xerox Shareholders Equity 5,945 6,238 Noncontrolling interests 124 120 Total Equity $ 6,069 $ 6,358 The following is a summary of the changes in equity: Three months ended March 31, 2009 2008 Xerox Shareholders Equity Noncontrolling Interests Total Equity Xerox Shareholders Equity Noncontrolling Interests Total Equity Equity, Beginning of Period $ 6,238 $ 120 $ 6,358 $ 8,588 $ 103 $ 8,691 Net income (loss) 42 7 49 (244 ) 9 (235 ) Translation adjustments (274 ) (274 ) 235 235 Change in accounting principles (16 ) (16 ) Changes in defined benefit plans (1) (35 ) (35 ) (23 ) (23 ) Other unrealized losses (5 ) (5 ) (3 ) (3 ) Comprehensive (loss) income (272 ) 7 (265 ) (51 ) 9 (42 ) Stock option and incentive plans, net 17 17 (9 ) (9 ) Payments to acquire Treasury stock (335 ) (335 ) Cash dividends on Common stock (38 ) (38 ) (39 ) (39 ) Distributions from Noncontrolling interests (3 ) (3 ) (4 ) (4 ) Other 1 1 Equity, End of Period $ 5,945 $ 124 $ 6,069 $ 8,155 $ 108 $ 8,263 (1) 2009 amount includes currency impacts of $17 and our share of Fuji Xerox $(56). 2008 amount includes currency impacts of$(1) and our share of Fuji Xerox $(35). In the first quarter of 2009, there were no increases or decreases to Xeroxs Additionalpaid-in-capital for purchases or sales of existing noncontrolling interests. Treasury Stock We did not purchase any common stock during the first quarter of 2009 under our stock repurchase programs as described in our 2008 Annual Report. Through March31,2009, we have repurchased a cumulative total of 194.1million shares at a cost of $2,945 (including associated fees of $4) under these stock repurchase programs. Accumulated Other Comprehensive Loss (AOCL) AOCL is composed of the following as of March31, 2009and December31, 2008, respectively: March31, 2009 December31, 2008 Cumulative translation adjustments $ (1,669 ) $ (1,395 ) Benefit plans net actuarial losses and prior service credits (includes our share of Fuji Xerox) (1,056 ) (1,021 ) Other unrealized loss (5 ) Total Accumulated Other Comprehen |
| Earnings Per Share Disclosure [Abstract] | |
| Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Text Block] | Note 12Earningsper Share The following table sets forth the computation of basic and diluted earnings per share of common stock (shares in thousands): ThreeMonths EndedMarch31, 2009 2008 Basic Earnings (Loss) per Share: Net income (loss) attributable to Xerox Corporation $ 42 $ (244 ) Weighted average common shares outstanding 866,944 910,862 Basic Earnings (Loss) per Share $ 0.05 $ (0.27 ) Diluted Earnings (Loss) per Share: Net income (loss) attributable to Xerox Corporation $ 42 $ (244 ) Interest on Convertible securities, net Adjusted Net income (loss) available to common shareholders $ 42 $ (244 ) Weighted average common shares outstanding 866,944 910,862 Common shares issuable with respect to: Stock options 319 Restricted stock and performance shares 10,589 Convertible securities Adjusted weighted average common shares outstanding 877,852 910,862 Diluted Earnings (Loss) per Share $ 0.05 $ (0.27 ) Dividends per Common Share $ 0.0425 $ 0.0425 The computation of diluted earnings per share for the three months ended March31, 2009 and 2008 did not include the effects of 50million shares and 37million shares, respectively, because to do so would have been anti-dilutive. The 37million shares in 2008 included 15million shares which were anti-dilutive as a result of the net loss in the period. |
| Loss Contingency [Abstract] | |
| Schedule of Loss Contingencies by Contingency [Text Block] | Note 13Contingencies 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 position. 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 March31, 2009, the total amounts related to the unreserved portion of the tax and labor contingencies, inclusive of any related interest, amounted to approximately $876, with the increase from December31, 2008 balance of approximately $839 primarily related to interest and indexation. 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 March31, 2009, we had $169 of escrow cash deposits for matters we are disputing and there are liens on certain Brazilian assets with a net book value of $30 and additional letters of credit of approximately $88. 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 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. Legal Matters As more fully discussed below, we are involved in a variety of claims, lawsuits, investigations and proceedings concerning securities law, intellectual property law, environmental law, employment law and the Employee Retirement Income Security Act (ERISA). 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 judgm |
| Schedule of Subsequent Events [Text Block] | Note 14Subsequent Event We have amended our $2 billion Credit Agreement with affiliates of Citibank, N.A., JPMorgan Chase Bank, N.A., as joint lead arrangers and joint bookrunners, and a group of lenders. The amendment increases the permitted leverage ratio (principal debt/consolidated EBITDA) to 4.25x through June30, 2010. The permitted leverage ratio after June30, 2010 then reduces to and remains at 3.75x until maturity. The amendment includes a re-pricing of the Credit Agreement such that borrowings will bear interest at LIBOR plus a spread (including fees) that will vary between 2.50% and 4.50%, subject to our credit rating at the time of borrowing. Based on our current credit rating, the applicable spread would be 3.50%. |
| Document Information | |
| 3 Months Ended
Mar. 31, 2009 | |
| Document Information [Line Items] | |
| Document Type | 10-Q |
| Amendment Flag | false |
| Amendment Description | None |
| Document Period End Date | 2009-03-31 |
| Entity Information (USD $) | |||
| 3 Months Ended
Mar. 31, 2009 | Mar. 31, 2009
Unaudited | Jun. 30, 2008
Unaudited | |
| Entity [Text Block] | Xerox Corporation | ||
| Entity Information [Line Items] | |||
| Entity Registrant Name | Xerox Corporation | ||
| Entity Central Index Key | 0000108772 | ||
| Entity Tax Identification Number | 160468020 | ||
| Entity Legal Form | 10-Q | ||
| Entity Incorporation, State Country Name | New York, United States of America | ||
| Current Fiscal Year End Date | --12-31 | ||
| Entity Well-known Seasoned Issuer | Yes | ||
| Entity Voluntary Filers | No | ||
| Entity Current Reporting Status | Yes | ||
| Entity Filer Category | Large Accelerated Filer | ||
| Entity Public Float | $11,827,485,514 | ||
| Entity Common Stock, Shares Outstanding | 864,786,552 | ||
| Entity Listings [Line Items] | |||
| Trading Symbol | xrx | ||
| Entity Listing, Primary | Yes | ||
| Entity Listing, Security Trading Currency | US Dollar | ||
| Entity Listing, Par Value Per Share | 1 | ||
| Principal Address [Member] | |||
| Entity Addresses [Line Items] | |||
| Entity Address, Address Description | Principal Executive Address | ||
| Entity Address, Address Line 1 | P.O. Box 4505 | ||
| Entity Address, Address Line 2 | 45 Glover Avenue | ||
| Entity Address, City or Town | Norwalk | ||
| Entity Address, State or Province | Connecticut | ||
| Entity Address, Country | United States of America | ||
| Entity Address, Postal Zip Code | 06856-4505 | ||
| Legal Contact [Member] | |||
| Entity Contact Personnel [Line Items] | |||
| Contact Personnel Name | Douglas Marshall | ||
| Contact Personnel Email Address | Douglas.Marshall@xerox.com |
