Conduent (CNDT) 10-Q 9 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	CONDUENT Inc
Entity Central Index Key	0001677703
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		210,406,011

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Revenues	$ 1,158	$ 1,420
Operating Costs and Expenses
Cost of Services (excluding depreciation and amortization)	906	1,115
Selling, general and administrative (excluding depreciation and amortization)	127	143
Research and development (excluding depreciation and amortization)	3	2
Depreciation and amortization	115	116
Restructuring and related costs	16	20
Interest expense	20	33
Goodwill impairment	284	0
(Gain) loss on divestitures and transaction costs	14	15
Litigation costs (recoveries), net	12	31
Other (income) expenses, net	(1)	(1)
Total Operating Costs and Expenses	1,496	1,474
Income (Loss) before Income Taxes	(338)	(54)
Income tax expense (benefit)	(30)	(4)
Net (Loss) Income	$ (308)	$ (50)
Earnings Per Share, Basic	$ (1.49)	$ (0.26)
Earnings Per Share, Diluted	$ (1.49)	$ (0.26)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net (Loss) Income	$ (308)	$ (50)
Other Comprehensive Loss, Net:
Currency translation adjustments, net	7	9
Reclassification of currency translation adjustments on divestitures	15	5
Reclassification of divested benefit plans and other	(1)	0
Unrecognized gains (loss), net	1	(1)
Other Comprehensive Income (Loss), Net	22	13
Comprehensive Loss, Net
Comprehensive Income (Loss), Net	$ (286)	$ (37)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets, Current [Abstract]
Cash and cash equivalents	$ 520	$ 756
Accounts receivable, net	820	782
Assets Held-for-sale, Not Part of Disposal Group	0	15
Contract with Customer, Asset, Net, Current	197	177
Other current assets	294	234
Total current assets	1,831	1,964
Assets
Land, buildings and equipment, net	336	328
Operating Lease, Right-of-Use Asset	338	0
Intangible assets, net	627	651
Goodwill	3,171	3,408
Other long-term assets	360	329
Total Assets	6,663	6,680
Liabilities, Current [Abstract]
Current portion of long-term debt	53	55
Accounts payable	313	230
Accrued compensation and benefits costs	148	193
Unearned income	103	112
Liabilities held for sale	0	40
Other current liabilities	817	567
Total current liabilities	1,434	1,197
Long-term debt	1,496	1,512
Deferred taxes	283	327
Operating lease liabilities	282	0
Other long-term liabilities	99	280
Total Liabilities	3,594	3,316
Contingencies (See Note 13)
Series A Convertible Preferred Stock	142	142
Common Stock	2	2
Additional paid-in-capital	3,879	3,878
Retained earnings	(551)	(233)
Accumulated other comprehensive loss	(403)	(425)
Total Equity	2,927	3,222
Total Liabilities and Equity	$ 6,663	$ 6,680
Shares of common stock outstanding (in shares)	211,623	211,306
Shares of series A convertible preferred stock outstanding (in shares)	120	120

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities:
Net income (loss)	$ (308)	$ (50)
Adjustments required to reconcile net income (loss) to cash flows from operating activities:
Depreciation and amortization	115	116
Deferred Sales Inducement Cost, Amortization Expense	1	1
Deferred income taxes	(45)	(8)
Goodwill, Impairment Loss	284	0
(Gain) loss from investments	(1)	(1)
Amortization of debt financing costs	2	2
(Gain) loss on divestitures and transaction costs	14	15
Stock-based compensation	7	7
(Increase) decrease in accounts receivable	(60)	(75)
(Increase) decrease in other current and long-term assets	(112)	(49)
Increase (decrease) in accounts payable and accrued compensation	58	(40)
Increase (decrease) in restructuring liabilities	4	7
Increase (decrease) in other current and long-term liabilities	(12)	43
Net change in income tax assets and liabilities	5	(5)
Other operating, net	(1)	(1)
Net cash provided by (used in) operating activities	(49)	(38)
Cash Flows from Investing Activities:
Cost of additions to land, buildings and equipment	(53)	(33)
Proceeds from Sale of Property, Plant, and Equipment	1	0
Cost of additions to internal use software	(17)	(6)
Payments to Acquire Businesses, Gross	(90)	0
Payments Related to Divestitures, Including Cash Sold	(9)	0
Net cash provided by (used in) investing activities	(168)	(39)
Cash Flows from Financing Activities:
Payments on debt	(14)	(21)
Taxes paid for settlement of stock based compensation	(6)	(4)
Dividends paid on preferred stock	(2)	(2)
Net cash provided by (used in) financing activities	(22)	(27)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	2	0
Increase (decrease) in cash, cash equivalents and restricted cash	(237)	(104)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period	765	667
Cash, Cash Equivalents and restricted Cash at End of period	$ 528	$ 563

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Mar. 31, 2018
Restricted Cash [Abstract]
Restricted Cash	$ 8	$ 10

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation References herein to “we,” “us,” “our,” the “Company” and “Conduent” refer to Conduent Incorporated and its consolidated subsidiaries unless the context suggests otherwise. Description of Business The Company is a global enterprise and leading provider of business process services with expertise in transaction-intensive processing, analytics and automation. The Company serves as a trusted business partner in both the front office and back office, enabling personalized, seamless interactions on a massive scale that improve end-user experience. The Company creates value for its commercial and government clients by applying its expertise, technology and innovation to help them drive customer and constituent satisfaction and loyalty, increase process efficiency and respond rapidly to changing market dynamics. The Company's portfolio includes industry-focused service offerings in attractive growth markets such as healthcare and transportation, as well as multi-industry service offerings such as transaction processing, customer care and payment services. Basis of Presentation The unaudited interim Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) on a basis consistent with reporting interim financial information in accordance with instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission (SEC). The year-end Condensed Consolidated Balance Sheet was derived from the audited Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Certain reclassifications have been made to prior year information to conform to current year presentation. Intercompany balances and transactions have been eliminated. In the opinion of management, all adjustments necessary for a fair statement of the financial position, results of operations and cash flows have been made. These adjustments consist of normal recurring items. The interim results of operations are not necessarily indicative of the results of the full year. These financial statements should be read in conjunction with the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company's significant accounting policies are described in Note 1–Basis of Presentation and Summary of Significant Accounting Policies in the Company’s 2018 Annual Report on Form 10-K. Summarized below are the accounting pronouncements adopted subsequent to December 31, 2018 that were applicable and material to the Company. New Accounting Standards Adopted Leases: The Company adopted the updated lease guidance as of January 1, 2019, using the cumulative-effect adjustment transition method, which applies the provisions of the standard at the effective date without adjusting the comparative periods presented. The Company has elected the package of practical expedients, which allows the Company not to reassess (1) whether any expired or existing contracts as of the adoption date are, or contain, leases, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any existing leases as of the adoption date. The Company did not elect to apply the hindsight practical expedient. Additionally, the Company has elected not to include short-term leases, with a term of 12 months or less, on its Condensed Consolidated Balance Sheets. The impact of adopting this new guidance resulted in an increase to Operating lease right-of-use (ROU) assets of $387 million , an increase to Other current liabilities of $103 million , a decrease to Other long-term liabilities of $21 million , an increase to Operating lease liabilities of $316 million and a net decrease to opening retained earnings (deficit) of $8 million as of January 1, 2019. The adoption did not have an impact on the Company’s Condensed Consolidated Statements of Income (Loss) or Condensed Consolidated Statements of Cash Flows. Summary of Accounting Policies Leases The Company determines if an arrangement is a lease at the inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. The Company has operating and finance leases for real estate and equipment. Operating leases are included in Operating lease ROU assets, Other current liabilities, and Operating lease liabilities in our Condensed Consolidated Balance Sheets. Finance leases are included in Land, buildings and equipment, net, Current portion of long-term debt, and Long-term debt in our Condensed Consolidated Balance Sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the commencement date based on the net present value of lease payments over the lease term using the Company’s incremental borrowing rates or implicit rates. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option based on economic factors. The Company recognizes operating fixed lease expense and finance lease depreciation on a straight-line basis over the lease term. Variable lease expense is recognized in the period in which the obligation for those payments is incurred. The Company accounts for lease and non-lease components separately for its equipment leases, based on the estimated standalone price of each component, and combines lease and non-lease components for its real estate leases. The components of lease costs were as follows: (in millions) Three Months Ended March 31, 2019 Finance Lease Costs: Amortization of right of use assets $ 3 Total Finance Lease Costs $ 3 Operating lease costs: Base rent $ 31 Short-term lease costs 3 Variable lease costs (1) 7 Sublease income (1 ) Total Operating Lease Costs $ 40 __________ (1) Primarily related to taxes, insurance and common area and other maintenance costs for real estate leases. Interest expense related to the finance leases for the three months ended March 31, 2019 was immaterial. Supplemental cash flow information related to leases was as follows: (in millions) Three Months Ended March 31, 2019 Cash paid for the amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (30 ) Financing cash flow from finance leases $ (3 ) Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations: Operating leases $ 6 Supplemental balance sheet information related to leases was as follows: (in millions) March 31, 2019 Operating Leases: Operating lease right of use assets $ 338 Other current liabilities $ 112 Operating lease liabilities 282 Total Operating Lease Liabilities $ 394 Finance Leases: Land, buildings and Equipment, net $ 21 Current portion of long-term debt $ 9 Long-term debt 14 Total Finance Lease Liabilities $ 23 The Company's leases generally do not provide an implicit rate, and therefore the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease within a particular currency environment. The weighted average discount rates for operating and finance leases were 5.2% and 4.8% , respectively. The weighted average remaining lease terms for operating and finance leases at March 31, 2019 , were 5 years and 3 years , respectively. The aggregate future lease payments for operating leases were as follows: March 31, 2019 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 (remaining) $ 100 2020 105 2021 75 2022 52 2023 35 Thereafter 84 Total undiscounted operating lease payments 451 Less imputed interest 57 Present value of operating lease liabilities $ 394 Maturities of finance lease liabilities were as follows: March 31, 2019 (in millions) Finance Lease Payments 2019 (remaining) $ 8 2020 6 2021 5 2022 4 2023 1 Thereafter — Total undiscounted finance lease payments 24 Less imputed interest 1 Present value of finance lease liabilities $ 23 As of March 31, 2019, the Company had an additional operating lease for real estate of $14 million , which has not commenced and has not been recognized on the Company's Consolidated Balance Sheet. This operating lease is expected to commence in 2019 with a lease term of 10 years . As previously disclosed in Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, under the previous lease accounting, future minimum lease payments for operating leases having initial or remaining non-cancelable lease term in excess of one year were as follows: December 31, 2018 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 $ 153 2020 113 2021 78 2022 53 2023 33 Thereafter 76 Total minimum operating lease payments $ 506 New Accounting Standards To Be Adopted Credit Losses:

Revenue, Contract Assets and Li

Revenue, Contract Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue, Contract Assets and Liabilities	Revenue, Contract Assets and Liabilities Disaggregation of Revenue The following table provides information about disaggregated revenue by major service line, the timing of revenue recognition and a reconciliation of the disaggregated revenue by reportable segments. Refer to Note 4 – Segment Reporting for additional information on the Company's reportable segments. Three Months Ended March 31, (in millions) 2019 2018 Commercial Industries: Omni-channel communications $ 211 $ 219 Human resource services 182 187 Industry services 219 248 Total Commercial Industries 612 654 Government Services: Government Services and Healthcare 119 114 Payment Services 74 82 State and Local 119 126 Federal 13 13 Total Government Services 325 335 Transportation: Tolling 79 72 Transit 54 54 Photo and Parking 48 46 Commercial Vehicle 3 4 Total Transportation 184 176 Other: Divestitures 36 248 Education 1 7 Total Other 37 255 Total Consolidated Revenue $ 1,158 $ 1,420 Timing of Revenue Recognition: Point in time $ 39 $ 36 Over time 1,119 1,384 Total Revenue $ 1,158 $ 1,420 Contract Balances The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract assets are the Company’s rights to consideration for services provided when the right is conditioned on something other than passage of time (for example, meeting a milestone for the right to bill under the cost-to-cost measure of progress). Contract assets are transferred to Accounts receivable when the rights to consideration become unconditional. Unearned income includes payments received in advance of performance under the contract, which are realized when the associated revenue is recognized under the contract. The following table provides information about the balances of the Company's contract assets, unearned income and receivables from contracts with customers: (in millions) March 31, 2019 December 31, 2018 Contract Assets (Unearned Income) Current contract assets $ 197 $ 177 Long-term contract assets (1) 14 7 Current unearned income (103 ) (112 ) Long-term unearned income (2) (29 ) (32 ) Net Contract Assets (Unearned Income) $ 79 $ 40 Accounts receivable, net $ 820 $ 782 __________ (1) Presented in Other long-term assets in the Condensed Consolidated Balance Sheets (2) Presented in Other long-term liabilities in the Condensed Consolidated Balance Sheets Revenues of $53 million and $83 million were recognized during the three months ended March 31, 2019 and 2018 , respectively, related to the Company's unearned income at December 31, 2018 and January 1, 2018, respectively. Transaction Price Allocated to the Remaining Performance Obligations Estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially satisfied at March 31, 2019 , was approximately $2 billion . The Company expects to recognize approximately 65%

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company's reportable segments correspond to how the Company organizes and manages the business and are aligned to the industries in which the Company's clients operate. Our financial performance is based on Segment Profit / (Loss) and Segment Adjusted EBITDA for the following three reportable segments: Commercial Industries , Government Services and Transportation . Commercial Industries: Our Commercial Industries segment provides business process services and customized solutions to clients in a variety of industries. Across the Commercial Industries segment, we deliver end-to-end business-to-business and business-to-customer services that enable our clients to optimize their key processes. Our multi-industry competencies include omni-channel communications, human resource management and finance and accounting services. Government Services : Our Government Services segment provides government-centric business process services to U.S. federal, state and local and foreign governments for, public assistance, program administration, transaction processing and payment services. Transportation : Our Transportation segment provides systems and support services to transportation departments and agencies globally. Offerings include support for electronic toll collection, public transit, parking and photo enforcement. Other includes our divestitures and our Student Loan business, which the Company exited in the third quarter of 2018. Selected financial information for our reportable segments is as follows: Three Months Ended March 31, (in millions) Commercial Industries Government Services Transportation Other Shared IT / Infrastructure & Corporate Costs Total March 31, 2019 Divestitures Other Revenue $ 612 $ 325 $ 184 $ 36 $ 1 $ — $ 1,158 Segment profit (loss) $ 113 $ 86 $ 20 $ 1 $ — $ (151 ) $ 69 Segment depreciation and amortization $ 22 $ 9 $ 9 $ — $ — $ 14 $ 54 Adjusted EBITDA $ 135 $ 95 $ 29 $ 1 $ — $ (137 ) $ 123 March 31, 2018 Revenue $ 654 $ 335 $ 176 $ 248 $ 7 $ — $ 1,420 Segment profit (loss) $ 110 $ 108 $ 27 $ 39 $ (3 ) $ (176 ) $ 105 Segment depreciation and amortization $ 28 $ 7 $ 8 $ 2 $ 1 $ 10 $ 56 Adjusted EBITDA $ 138 $ 115 $ 35 $ 41 $ (2 ) $ (166 ) $ 161 (in millions) Three Months Ended March 31, Segment Profit (Loss) Reconciliation to Pre-tax Income (Loss) 2019 2018 Income (Loss) Before Income Taxes $ (338 ) $ (54 ) Reconciling items: Amortization of acquired intangible assets 62 61 Restructuring and related costs 16 20 Interest expense 20 33 Goodwill impairment 284 — (Gain) loss on divestitures and transaction costs 14 15 Litigation costs (recoveries), net 12 31 Other (income) expenses, net (1 ) (1 ) Segment Pre-tax Income (Loss) $ 69 $ 105 Segment depreciation and amortization (including contract inducements) $ 54 $ 56 Adjusted EBITDA $ 123 $ 161

Assets_Liabilities Held for Sal

Assets/Liabilities Held for Sale	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets/Liabilities Held for Sale	Assets/Liabilities Held for Sale In February 2019, the Company completed the sale of a portfolio of select standalone customer care contracts to Skyview Capital LLC. During the first quarter of 2019, the Company recorded an additional loss, inclusive of transaction costs, of $12 million on the sale of this portfolio, reflecting certain changes in estimates that were made when recording the initial charge. The revenue generated from this business was $36 million for the three months ended March 31, 2019 and $439 million

Business Acquisition (Notes)

Business Acquisition (Notes)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Business Acquisition In January 2019, the Company completed the acquisition of Health Solutions Plus (HSP), a software provider of healthcare payer administration solutions, for a total base consideration of $90 million and a maximum contingent consideration payment of $8 million based on a cumulative achievement over two years . Revenue and pre-tax income recorded since the acquisition date through March 31, 2019 were $4 million and $3 million , respectively. The Company’s purchase price allocation for the HSP acquisition is preliminary and subject to revision as additional information related to the fair value of assets and liabilities becomes available. The preliminary purchase price based upon the current determination of fair values as at March 31, 2019 was as follows: (in millions) March 31, 2019 Fair Value of Consideration Transferred: Cash paid $ 90 Recorded earn-out payable 7 Total Consideration $ 97 Allocation of Purchase Price: Net tangible assets $ 10 Costs Assigned to Intangible Assets Developed technology 20 Customer relationships 18 Trademarks and trade names 1 Goodwill 48 Total Intangible Assets 87 Total Assets $ 97 The useful lives are 7 years , 15 years and 1.5 years for Developed technology, Customer relationships and Trademarks and trade names, respectively. The acquired goodwill is associated with the Company's Commercial Industries segment. This acquired goodwill, while tax deductible, includes $7 million related to contingent consideration payable that is not tax deductible until it is earned and paid. The goodwill recognized is attributable primarily to expected synergies and the assembled workforce of HSP.

Restructuring Programs

Restructuring Programs	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring Programs	Restructuring Programs and Related Costs The Company engages in a series of restructuring programs related to downsizing its employee base, exiting certain activities, outsourcing certain internal functions and engaging in other actions designed to reduce its cost structure and improve productivity. The implementation of the Company's strategic transformation program and various productivity initiatives have reduced the Company's real estate footprint across all geographies and segments resulting in increased lease cancellation and other related costs. Also included in Restructuring and Related Costs are incremental, non-recurring costs related to the consolidation of the Company's data centers, which totaled $9 million for the three months ended March 31, 2019. Management continues to evaluate the Company's business, and in the future, there may be additional provisions for new plan initiatives and/or changes in previously recorded estimates as payments are made, or actions are completed. Costs associated with restructuring, including employee severance and lease termination costs, are generally recognized when it has been determined that a liability has been incurred, which is generally upon communication to the affected employees or exit from the leased facility. In those geographies where we have either a formal severance plan or a history of consistently providing severance benefits representing a substantive plan, we recognize employee severance costs when they are both probable and reasonably estimable. A summary of the Company's restructuring program activity during the three months ended March 31, 2019 and 2018 was as follows: (in millions) Severance and Related Costs Lease Cancellation and Other Costs Total Accrued Balance at December 31, 2018 $ 13 $ 36 $ 49 Restructuring provision 3 14 17 Adjustments to prior accruals — (1 ) (1 ) Total Net Current Period Charges 3 13 16 Payments against reserve and currency (5 ) (6 ) (11 ) Adoption of new lease standard — (22 ) (22 ) Other — (3 ) (3 ) Accrued Balance at March 31, 2019 $ 11 $ 18 $ 29 (in millions) Severance and Related Costs Lease Cancellation and Other Costs Total Accrued Balance at December 31, 2017 $ 14 $ 30 $ 44 Restructuring provision 17 7 24 Adjustments to prior accruals (3 ) (2 ) (5 ) Total Net Current Period Charges 14 5 19 Payments against reserve and currency (5 ) (8 ) (13 ) Other — 1 1 Accrued Balance at March 31, 2018 $ 23 $ 28 $ 51 In addition, the Company recorded professional support costs associated with the strategic transformation program in Restructuring and related costs of $0 million and $1 million for the three months ended March 31, 2019 and 2018 , respectively. The following table summarizes the total amount of costs incurred in connection with these restructuring programs by segment: Three Months Ended (in millions) 2019 2018 Commercial Industries $ 2 $ 12 Shared IT / Infrastructure & Corporate Costs 14 7 Total Net Restructuring Charges $ 16 $ 19

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	Debt Long-term debt was as follows: (in millions) March 31, 2019 December 31, 2018 Term loan A due 2022 $ 691 $ 705 Term loan B due 2023 831 833 Senior notes due 2024 34 34 Finance lease obligations 23 26 Principal debt balance 1,579 1,598 Debt issuance costs and unamortized discounts (30 ) (31 ) Less: current maturities (53 ) (55 ) Total Long-term Debt $ 1,496 $ 1,512

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments The Company is a global company that is exposed to foreign currency exchange rate fluctuations in the normal course of its business. As a part of the Company's foreign exchange risk management strategy, the Company uses derivative instruments, primarily forward contracts, to hedge the funding of foreign entities which have a non-dollar functional currency, thereby reducing volatility of earnings or protecting fair values of assets and liabilities. At March 31, 2019 and December 31, 2018 , the Company had outstanding forward exchange contracts with gross notional values of approximately $164 million and $167 million , respectively. Approximately 65% of these contracts mature within three months, 14% in three to six months, 16% in six to twelve months and 5% in greater than twelve months. Most of these foreign currency derivative contracts are designated as cash flow hedges and did not have a material impact on the Company's balance sheet, income statement or cash flows for the periods presented. Refer to Note 10 – Fair Value of Financial Assets and Liabilities

Fair Value of Financial Assets

Fair Value of Financial Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Assets and Liabilities	Fair Value of Financial Assets and Liabilities Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP established a hierarchy framework to classify the fair value base on the observability of significant inputs to the measurement. The levels of the fair value hierarchy are as follows: Level 1: Fair value is determined using an unadjusted quoted price in an active market for identical assets or liabilities. Level 2: Fair value is estimated using inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly. Level 3: Fair value is estimated using unobservable inputs that are significant to the fair value of the assets or liabilities. Unless noted herein, the Company's valuation methodologies for assets and liabilities measured at fair value are described in Note 10 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018 . Summary of Financial Assets and Liabilities Accounted for at Fair Value on a Recurring Basis 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. (in millions) March 31, 2019 December 31, 2018 Assets: Foreign exchange contract - forward $ 3 $ 3 Total Assets $ 3 $ 3 Liabilities: Foreign exchange contracts - forwards $ 1 $ 1 Total Liabilities $ 1 $ 1 Summary of Other Financial Assets and Liabilities The estimated fair values of our other financial assets and liabilities were as follows: March 31, 2019 December 31, 2018 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Assets held for sale — — 15 15 Liabilities: Long-term debt 1,496 1,478 1,512 1,463 Liabilities held for sale — — 40 40 The fair value amounts for Cash and cash equivalents, Restricted cash, Accounts receivable, net and Short-term debt approximate carrying amounts due to the short-term maturities of these instruments. The fair value of the Goodwill impairment of $284 million recorded for the three months ended March 31, 2019, was estimated based on a discounted cash flow and market multiple analysis (level 3). Refer to Note 18 – Goodwill to the Condensed Consolidated Financial Statements for additional information regarding this impairment charge. The fair value of the Assets held for sale and the Liabilities held for sale were measured based on the sales price less estimated transactions costs (Level 3). Refer to Note 5 – Assets/Liabilities Held for Sale to the Condensed Consolidated Financial Statements for additional information

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has post-retirement savings and investment plans in several countries, including the U.S., U.K. and Canada. In many instances, employees from those defined benefit pension plans that have been amended to freeze future service accruals were transitioned to an enhanced defined contribution plan. In these plans, employees are allowed to contribute a portion of their salaries and bonuses to the plans. Historically, the Company matched a portion of employee contributions. However, beginning in 2019, the Company has suspended its match to the 401(k) plan for all U.S. employees, except hourly employees. The Company recognized an expense related to its defined contribution plans of $3 million and $8 million for the three months ended March 31, 2019 and 2018 , respectively. As a result of suspending 401(K) match for U.S. employees as indicated above, there was a $3 million

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (AOCL)	3 Months Ended
	Mar. 31, 2019
Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Loss (AOCL)	Accumulated Other Comprehensive Loss (AOCL) Below are the balances and changes in AOCL (1) : (in millions) Currency Translation Adjustments Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Items Total Balance at December 31, 2018 $ (426 ) $ 2 $ (1 ) $ (425 ) Other comprehensive income (loss) before reclassifications 7 1 — 8 Amounts reclassified from accumulated other comprehensive loss 15 — (1 ) 14 Net current period other comprehensive income (loss) 22 1 (1 ) 22 Balance at March 31, 2019 $ (404 ) $ 3 $ (2 ) $ (403 ) (in millions) Currency Translation Adjustments Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Items Total Balance at December 31, 2017 $ (437 ) $ 1 $ (58 ) $ (494 ) Other comprehensive income (loss) before reclassifications 9 (1 ) — 8 Amounts reclassified from accumulated other comprehensive loss 5 — — 5 Net current period other comprehensive income (loss) 14 (1 ) — 13 Balance at March 31, 2018 $ (423 ) $ — $ (58 ) $ (481 ) __________ (1)

Contingencies and Litigation

Contingencies and Litigation	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Contingencies and Litigation As more fully discussed below, the Company is involved in a variety of claims, lawsuits, investigations and proceedings concerning: governmental entity contracting, servicing and procurement law; intellectual property law; employment law; commercial and contracts law; the Employee Retirement Income Security Act (ERISA); and other laws, regulations and matters. The Company determines whether an estimated loss from a contingency should be accrued by assessing whether a loss is deemed probable and can be reasonably estimated. The Company assesses its potential liability by analyzing its litigation and regulatory matters using available information. The Company develops its view on estimated losses in consultation with outside counsel handling its 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 the Company's 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 in excess of any accrual for such matter or matters, this could have a material adverse effect on the Company's results of operations, cash flows and financial position in the period or periods in which such change in determination, judgment or settlement occurs. The Company believes it has recorded adequate provisions for any such matters as of March 31, 2019 . Litigation is inherently unpredictable, and it is not possible to predict the ultimate outcome of these matters and such outcome in any such matters could be in excess of any amounts accrued and could be material to the Company's results of operations, cash flows or financial position in any reporting period. Additionally, guarantees, indemnifications and claims arise during the ordinary course of business from relationships with suppliers, customers and non-consolidated affiliates when the Company undertakes an obligation to guarantee the performance of others if specified triggering events occur. Nonperformance under a contract could trigger an obligation of the Company. These potential claims include actions based upon alleged exposures to products, real estate, intellectual property such as patents, environmental matters and other indemnifications. The ultimate effect on future financial results is not subject to reasonable estimation because considerable uncertainty exists as to the final outcome of these claims. However, while the ultimate liabilities resulting from such claims may be significant to results of operations in the period recognized, management does not anticipate they will have a material adverse effect on the condensed consolidated financial position or liquidity. As of March 31, 2019 , the Company had accrued its estimate of liability incurred under its indemnification arrangements and guarantees. Litigation Against the Company State of Texas v. Xerox Corporation, Conduent Business Services, LLC (f/k/a Xerox Business Services, LLC), Conduent State Healthcare, LLC (f/k/a Xerox State Healthcare, LLC, f/k/a ACS State Healthcare, LLC) and Conduent Incorporated: 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 Conduent State Healthcare LLC (f/k/a Xerox State Healthcare, LLC and ACS State Healthcare) (“CSH”), Conduent Business Services LLC (“CBS”) and Conduent Incorporated (“CI”) (collectively, CSH, CBS and CI are referred to herein as the "Conduent Defendants") and Xerox Corporation (together with the Conduent Defendants called “Defendants”) violated the Texas Medicaid Fraud Prevention Act in the administration of its contract with the Texas Department of Health and Human Services (“HHSC”) (the “State Action”). In February 2019 a settlement agreement and release was reached among the Defendants, the State and HHSC. Pursuant to the terms of the Texas Agreement ("Texas Agreement"), the Conduent Defendants will pay the State of Texas $236 million in full settlement of the claims asserted against the Defendants. This amount was payable in installments and all proceedings in the lawsuit were suspended and the State and the HHSC agreed to dismiss the lawsuit with prejudice and release the Defendants from all of the State’s claims after all settlement payments are made. In May 2019, the Defendants entered into the First Amendment to Settlement Agreement and Release with the State (the “Amended Agreement”). Pursuant to the terms of the Amended Agreement, the amount paid to the State by the Conduent Defendants in full settlement of the State Action will be paid as follows: (1) $40 million on or before April 15, 2019 (which the Company has already paid); (2) $78 million on or before May 15, 2019 (the “First Payment”); and (3) $118 million on or before January 15, 2020 (the “Second Payment”). In order to secure the Second Payment, the Company will provide bank issued letters of credit to the State in the full amount of the Second Payment (the “LCs”) which the State may present for payment to the issuing banks if the Conduent Defendants do not make the Second Payment. On the 91 st day following receipt of the First Payment and the LCs, the State will file a dismissal with prejudice dismissing the State Action and fully release and discharge the Defendants. As a result of the change in payment terms pursuant to the Amended Agreement, the Company recognized an additional $13 million of expense in the quarter ended March 31, 2019. Dennis Nasrawi v. Buck Consultants et al.: On October 8, 2009, plaintiffs filed a lawsuit in the Superior Court of California, Stanislaus County, and on November 24, 2009, the case was removed to the U.S. Court for the Eastern District of California, Fresno Division. Plaintiffs allege actuarial negligence against Buck Consultants, LLC (“Buck”), which was a wholly-owned subsidiary of Conduent, for the use of faulty actuarial assumptions in connection with the 2007 actuarial valuation for the Stanislaus County Employees Retirement Association (“StanCERA”). Plaintiffs allege that the employer contribution rate adopted by StanCERA based on Buck’s valuation was insufficient to fund the benefits promised by the County. On July 13, 2012, the Court entered its ruling that the plaintiffs lacked standing to sue in a representative capacity on behalf of all plan participants. The Court also ruled that plaintiffs had adequately pleaded their claim that Buck allegedly aided and abetted StanCERA in breaching its fiduciary duty. Plaintiffs then filed their Fifth Amended Complaint and added StanCERA to the litigation. Buck and StanCERA filed demurrers to the amended complaint. On September 13, 2012, the Court sustained both demurrers with prejudice, completely dismissing the matter and barring plaintiffs from refiling their claims. Plaintiffs appealed, and ultimately the California Court of Appeals (Sixth District) reversed the trial court’s ruling and remanded the case back to the trial court as to Buck only, and only with respect to Plaintiff’s claim of aiding and abetting StanCERA in breaching its fiduciary duty. This case has been stayed pending the outcome of parallel litigation the plaintiffs are pursuing against StanCERA. The parallel litigation was tried before the bench in June 2018, and on January 24, 2019, the court found in favor of StanCERA, holding that it had not breached its fiduciary duty to plaintiffs. Plaintiffs in the parallel litigation have the right to file an appeal, which we expect. Nasrawi remains stayed until the parallel litigation is finally concluded. Absent the court finding that StanCERA breached its fiduciary duty, plaintiffs’ claim against Buck for aiding and abetting said breach would not appear viable. Buck will continue to aggressively defend these lawsuits. In August 2018, Conduent sold Buck Consultants, LLC; however, the Company retained this liability after the sale. The Company is not able to determine or predict the ultimate outcome of this proceeding or reasonably provide an estimate or range of estimate of the possible outcome or loss, if any. Conduent Business Services, LLC v. Cognizant Business Services, LLC: On April 12, 2017, Conduent Business Services LLC (“Conduent”) filed a lawsuit against Cognizant Business Services Corporation (“Cognizant”) in the Supreme Court of New York County, New York. The lawsuit relates to the Amended and Restated Master Outsourcing Services Agreement effective as of October 24, 2012, and the service delivery contracts and work orders thereunder, between Conduent and Cognizant, as amended and supplemented (the “Contract”). The Contract contains certain minimum purchase obligations by Conduent through the date of expiration. The lawsuit alleges that Cognizant committed multiple breaches of the Contract, including Cognizant’s failure to properly perform its obligations as subcontractor to Conduent under Conduent’s contract with the New York Department of Health to provide a Medicaid Management Information Systems. In the lawsuit, Conduent seeks damages in excess of $150 million . During the first quarter of 2018, Conduent provided notice to Cognizant that it was terminating the Contract for cause and recorded in the same period certain charges associated with the termination. Cognizant asserted two counterclaims for breach of contract seeking recovery of damages in excess of $47 million , which includes amounts alleged not paid to Cognizant under the contract and an alleged $25 million for termination fees. Conduent has responded to Cognizant’s counterclaims by denying the allegations. Conduent will continue to vigorously defend itself against the counterclaims but the Company is not able to determine or predict the ultimate outcome of this proceeding or reasonably provide an estimate or range of estimate of the possible outcome. Other Matters On January 5, 2016, the Consumer Financial Protection Bureau (the "CFPB") notified Xerox Education Services, Inc. (XES) that, in accordance with the CFPB’s discretionary Notice and Opportunity to Respond and Advise (NORA) process, the CFPB’s Office of Enforcement is considering recommending that the CFPB take legal action against XES, alleging that XES violated the Consumer Financial Protection Act’s prohibition of unfair practices. Should the CFPB have commenced an action, it may have sought restitution, civil monetary penalties, injunctive relief, or other corrective action. The purpose of a NORA letter is to provide a party being investigated an opportunity to present its position to the CFPB before an enforcement action is recommended or commenced. XES submitted its response to the NORA. The CFPB’s NORA stems from an inquiry that commenced in 2014 when XES received and responded to a CFPB Civil Investigative Demand containing a broad request for information. During this process, XES self-disclosed to the U.S. Department of Education (the "Department") and the CFPB certain adjustments of which it had become aware that had not been timely made relating to its servicing of a small percentage of third-party student loans under outsourcing arrangements for various financial institutions. The CFPB, the U.S. Department of Education, the U.S. Department of Justice and several state agencies began similar reviews. XES has cooperated and continues to fully cooperate with all regulatory agencies and has resolved the state agency investigations. As a result of these regulatory inquiries, its own reviews of operations and work performed by external auditors, XES identified and remediated certain other operational issues. XES disclosed these additional operational projects to the Department at the end of the second quarter of 2018 and to the CFPB in late 2018. In the third quarter of 2018, the Company exited the Student Loan Services business. In the first quarter of 2019, the Company resolved the CFPB’s investigation. The Company cannot provide assurance that the CFPB, another regulator, a financial institution on behalf of which the Company serviced third-party student loans, or another party will not ultimately commence a legal action against XES in which fines, penalties or other liabilities are sought from XES. Nor is the Company able to predict the likely outcome of these matters, should any such matter be commenced, or reasonably provide an estimate or range of estimates of any loss in excess of current reserves. The Company could, in future periods, incur judgments or enter into settlements to resolve these potential matters for amounts in excess of current reserves and there could be a material adverse effect on the Company's results of operations, cash flows and financial position in the period in which such change in judgment or settlement occurs. Other Contingencies Certain contracts, primarily in the Company's Government Services and Transportation segments, require the Company to provide a surety bond or a letter of credit as a guarantee of performance. As of March 31, 2019 , the Company had $636 million of outstanding surety bonds used to secure its performance of contractual obligations with its clients and $266 million

Preferred Stock (Notes)

Preferred Stock (Notes)	3 Months Ended
	Mar. 31, 2019
Temporary Equity Disclosure [Abstract]
Preferred Stock	Preferred Stock Series A Preferred Stock In December 2016, the Company issued 120,000 shares of Series A convertible perpetual preferred stock with an aggregate liquidation preference of $120 million and an initial fair value of $142 million . The convertible preferred stock pays quarterly cash dividends at a rate of 8% per year ( $9.6 million per year). Each share of convertible preferred stock is convertible at any time, at the option of the holder, into 44.9438 shares of common stock for a total of 5,393,000 shares (reflecting an initial conversion price of approximately $22.25

Shareholder's Equity (Notes)

Shareholder's Equity (Notes)	3 Months Ended
	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Stockholders' Equity	Shareholders’ Equity (in millions) Common Stock Additional Paid-in Capital Retained Earnings AOCL Conduent Shareholders' Equity Balance at December 31, 2018 $ 2 $ 3,878 $ (233 ) $ (425 ) $ 3,222 Cash dividends paid - preferred stock — — (2 ) — (2 ) Cumulative impact of adopting the new lease standard — — (8 ) — (8 ) Stock option and incentive plans, net — 1 — — 1 Comprehensive Income (Loss): Net Income (Loss) — — (308 ) — (308 ) Other comprehensive income (loss), net — — — 22 22 Total Comprehensive Income (Loss), Net — — (308 ) 22 (286 ) Balance at March 31, 2019 $ 2 $ 3,879 $ (551 ) $ (403 ) $ 2,927 (in millions) Common Stock Additional Paid-in Capital Retained Earnings AOCL Conduent Shareholders' Equity Balance at December 31, 2017 $ 2 $ 3,850 $ 171 $ (494 ) $ 3,529 Cash dividends paid - preferred stock — — (2 ) — (2 ) Cumulative impact of adopting the new revenue standard — — 17 — 17 Stock option and incentive plans, net — 3 — — 3 Comprehensive Income (Loss): Net Income (Loss) — — (50 ) — (50 ) Other comprehensive income (loss), net — — — 13 13 Total Comprehensive Income (Loss), Net — — (50 ) 13 (37 ) Balance at March 31, 2018 $ 2 $ 3,853 $ 136 $ (481 ) $ 3,510

Earnings per Share (Notes)

Earnings per Share (Notes)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share We did not declare any common stock dividends in the periods presented. The following table sets forth the computation of basic and diluted earnings per share of common stock: Three Months Ended (in millions, except per share data in whole dollars and shares in thousands) 2019 2018 Net income (loss) $ (308 ) $ (50 ) Accrued dividends on preferred stock (2 ) (2 ) Adjusted Net Income (Loss) Available to Common Shareholders $ (310 ) $ (52 ) Weighted average common shares outstanding 207,944 205,093 Common shares issuable with respect to: Stock options — — Restricted stock and performance units / shares — — Adjusted Weighted Average Common Shares Outstanding 207,944 205,093 Net Income (Loss) per Share: Basic $ (1.49 ) $ (0.26 ) Diluted $ (1.49 ) $ (0.26 ) 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 (shares in thousands): Stock Options 110 317 Restricted stock and performance shares/units 5,124 5,527 Convertible preferred stock 5,393 5,393 Total Anti-Dilutive Securities 10,627 11,237

Supplementary Financial Informa

Supplementary Financial Information (Notes)	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	Supplementary Financial Information The components of Other current liabilities were as follows: (in millions) March 31, December 31, Accrued liabilities $ 308 $ 307 Legal settlements 280 147 Current operating lease liabilities 112 — All other liabilities 117 113 Total Other Current Liabilities $ 817 $ 567
Other Current Liabilities [Table Text Block]	The components of Other current liabilities were as follows: (in millions) March 31, December 31, Accrued liabilities $ 308 $ 307 Legal settlements 280 147 Current operating lease liabilities 112 — All other liabilities 117 113 Total Other Current Liabilities $ 817 $ 567

Goodwill (Notes)

Goodwill (Notes)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill As a result of the Transportation reporting unit experiencing unanticipated losses of certain customer contracts, lower than expected new customer contracts and higher costs of delivery (all subsequent to February 2019), the growth of this reporting unit decreased resulting in its fair value being below its carrying value by approximately $284 million . As a result, the Company recorded a pre-tax impairment charge of approximately $284 million

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
New Accounting Standards Adopted	New Accounting Standards Adopted Leases: The Company adopted the updated lease guidance as of January 1, 2019, using the cumulative-effect adjustment transition method, which applies the provisions of the standard at the effective date without adjusting the comparative periods presented. The Company has elected the package of practical expedients, which allows the Company not to reassess (1) whether any expired or existing contracts as of the adoption date are, or contain, leases, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any existing leases as of the adoption date. The Company did not elect to apply the hindsight practical expedient. Additionally, the Company has elected not to include short-term leases, with a term of 12 months or less, on its Condensed Consolidated Balance Sheets. The impact of adopting this new guidance resulted in an increase to Operating lease right-of-use (ROU) assets of $387 million , an increase to Other current liabilities of $103 million , a decrease to Other long-term liabilities of $21 million , an increase to Operating lease liabilities of $316 million and a net decrease to opening retained earnings (deficit) of $8 million as of January 1, 2019. The adoption did not have an impact on the Company’s Condensed Consolidated Statements of Income (Loss) or Condensed Consolidated Statements of Cash Flows. Summary of Accounting Policies Leases The Company determines if an arrangement is a lease at the inception of the contract and whether that lease meets the classification criteria of a finance or operating lease. The Company has operating and finance leases for real estate and equipment. Operating leases are included in Operating lease ROU assets, Other current liabilities, and Operating lease liabilities in our Condensed Consolidated Balance Sheets. Finance leases are included in Land, buildings and equipment, net, Current portion of long-term debt, and Long-term debt in our Condensed Consolidated Balance Sheets. ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the commencement date based on the net present value of lease payments over the lease term using the Company’s incremental borrowing rates or implicit rates. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option based on economic factors. The Company recognizes operating fixed lease expense and finance lease depreciation on a straight-line basis over the lease term. Variable lease expense is recognized in the period in which the obligation for those payments is incurred. The Company accounts for lease and non-lease components separately for its equipment leases, based on the estimated standalone price of each component, and combines lease and non-lease components for its real estate leases. The components of lease costs were as follows: (in millions) Three Months Ended March 31, 2019 Finance Lease Costs: Amortization of right of use assets $ 3 Total Finance Lease Costs $ 3 Operating lease costs: Base rent $ 31 Short-term lease costs 3 Variable lease costs (1) 7 Sublease income (1 ) Total Operating Lease Costs $ 40 __________ (1) Primarily related to taxes, insurance and common area and other maintenance costs for real estate leases. Interest expense related to the finance leases for the three months ended March 31, 2019 was immaterial. Supplemental cash flow information related to leases was as follows: (in millions) Three Months Ended March 31, 2019 Cash paid for the amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (30 ) Financing cash flow from finance leases $ (3 ) Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations: Operating leases $ 6 Supplemental balance sheet information related to leases was as follows: (in millions) March 31, 2019 Operating Leases: Operating lease right of use assets $ 338 Other current liabilities $ 112 Operating lease liabilities 282 Total Operating Lease Liabilities $ 394 Finance Leases: Land, buildings and Equipment, net $ 21 Current portion of long-term debt $ 9 Long-term debt 14 Total Finance Lease Liabilities $ 23 The Company's leases generally do not provide an implicit rate, and therefore the Company uses its incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease within a particular currency environment. The weighted average discount rates for operating and finance leases were 5.2% and 4.8% , respectively. The weighted average remaining lease terms for operating and finance leases at March 31, 2019 , were 5 years and 3 years , respectively. The aggregate future lease payments for operating leases were as follows: March 31, 2019 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 (remaining) $ 100 2020 105 2021 75 2022 52 2023 35 Thereafter 84 Total undiscounted operating lease payments 451 Less imputed interest 57 Present value of operating lease liabilities $ 394 Maturities of finance lease liabilities were as follows: March 31, 2019 (in millions) Finance Lease Payments 2019 (remaining) $ 8 2020 6 2021 5 2022 4 2023 1 Thereafter — Total undiscounted finance lease payments 24 Less imputed interest 1 Present value of finance lease liabilities $ 23 As of March 31, 2019, the Company had an additional operating lease for real estate of $14 million , which has not commenced and has not been recognized on the Company's Consolidated Balance Sheet. This operating lease is expected to commence in 2019 with a lease term of 10 years . As previously disclosed in Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, under the previous lease accounting, future minimum lease payments for operating leases having initial or remaining non-cancelable lease term in excess of one year were as follows: December 31, 2018 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 $ 153 2020 113 2021 78 2022 53 2023 33 Thereafter 76 Total minimum operating lease payments $ 506 New Accounting Standards To Be Adopted Credit Losses:

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Components of Lease Costs and Supplemental Balance Sheet Information Related to Leases	Supplemental cash flow information related to leases was as follows: (in millions) Three Months Ended March 31, 2019 Cash paid for the amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (30 ) Financing cash flow from finance leases $ (3 ) Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations: Operating leases $ 6 (in millions) Three Months Ended March 31, 2019 Finance Lease Costs: Amortization of right of use assets $ 3 Total Finance Lease Costs $ 3 Operating lease costs: Base rent $ 31 Short-term lease costs 3 Variable lease costs (1) 7 Sublease income (1 ) Total Operating Lease Costs $ 40 __________ (1)
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: (in millions) March 31, 2019 Operating Leases: Operating lease right of use assets $ 338 Other current liabilities $ 112 Operating lease liabilities 282 Total Operating Lease Liabilities $ 394 Finance Leases: Land, buildings and Equipment, net $ 21 Current portion of long-term debt $ 9 Long-term debt 14 Total Finance Lease Liabilities $ 23
Aggregate Future Lease Payments for Operating Leases	The aggregate future lease payments for operating leases were as follows: March 31, 2019 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 (remaining) $ 100 2020 105 2021 75 2022 52 2023 35 Thereafter 84 Total undiscounted operating lease payments 451 Less imputed interest 57 Present value of operating lease liabilities $ 394
Maturities of Finance Lease Liabilities	Maturities of finance lease liabilities were as follows: March 31, 2019 (in millions) Finance Lease Payments 2019 (remaining) $ 8 2020 6 2021 5 2022 4 2023 1 Thereafter — Total undiscounted finance lease payments 24 Less imputed interest 1 Present value of finance lease liabilities $ 23
Schedule of Future Minimum Lease Payments for Operating Leases	As previously disclosed in Note 5 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, under the previous lease accounting, future minimum lease payments for operating leases having initial or remaining non-cancelable lease term in excess of one year were as follows: December 31, 2018 (in millions) Operating Lease Payments Maturity Of Lease Liabilities: 2019 $ 153 2020 113 2021 78 2022 53 2023 33 Thereafter 76 Total minimum operating lease payments $ 506

Revenue, Contract Assets and _2

Revenue, Contract Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by Major Service Line	The following table provides information about disaggregated revenue by major service line, the timing of revenue recognition and a reconciliation of the disaggregated revenue by reportable segments. Refer to Note 4 – Segment Reporting for additional information on the Company's reportable segments. Three Months Ended March 31, (in millions) 2019 2018 Commercial Industries: Omni-channel communications $ 211 $ 219 Human resource services 182 187 Industry services 219 248 Total Commercial Industries 612 654 Government Services: Government Services and Healthcare 119 114 Payment Services 74 82 State and Local 119 126 Federal 13 13 Total Government Services 325 335 Transportation: Tolling 79 72 Transit 54 54 Photo and Parking 48 46 Commercial Vehicle 3 4 Total Transportation 184 176 Other: Divestitures 36 248 Education 1 7 Total Other 37 255 Total Consolidated Revenue $ 1,158 $ 1,420 Timing of Revenue Recognition: Point in time $ 39 $ 36 Over time 1,119 1,384 Total Revenue $ 1,158 $ 1,420
Schedule of Contract Assets, Unearned Income and Receivables from Contracts with Customers	The following table provides information about the balances of the Company's contract assets, unearned income and receivables from contracts with customers: (in millions) March 31, 2019 December 31, 2018 Contract Assets (Unearned Income) Current contract assets $ 197 $ 177 Long-term contract assets (1) 14 7 Current unearned income (103 ) (112 ) Long-term unearned income (2) (29 ) (32 ) Net Contract Assets (Unearned Income) $ 79 $ 40 Accounts receivable, net $ 820 $ 782 __________ (1) Presented in Other long-term assets in the Condensed Consolidated Balance Sheets (2)

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of reportable segments	Selected financial information for our reportable segments is as follows: Three Months Ended March 31, (in millions) Commercial Industries Government Services Transportation Other Shared IT / Infrastructure & Corporate Costs Total March 31, 2019 Divestitures Other Revenue $ 612 $ 325 $ 184 $ 36 $ 1 $ — $ 1,158 Segment profit (loss) $ 113 $ 86 $ 20 $ 1 $ — $ (151 ) $ 69 Segment depreciation and amortization $ 22 $ 9 $ 9 $ — $ — $ 14 $ 54 Adjusted EBITDA $ 135 $ 95 $ 29 $ 1 $ — $ (137 ) $ 123 March 31, 2018 Revenue $ 654 $ 335 $ 176 $ 248 $ 7 $ — $ 1,420 Segment profit (loss) $ 110 $ 108 $ 27 $ 39 $ (3 ) $ (176 ) $ 105 Segment depreciation and amortization $ 28 $ 7 $ 8 $ 2 $ 1 $ 10 $ 56 Adjusted EBITDA $ 138 $ 115 $ 35 $ 41 $ (2 ) $ (166 ) $ 161 (in millions) Three Months Ended March 31, Segment Profit (Loss) Reconciliation to Pre-tax Income (Loss) 2019 2018 Income (Loss) Before Income Taxes $ (338 ) $ (54 ) Reconciling items: Amortization of acquired intangible assets 62 61 Restructuring and related costs 16 20 Interest expense 20 33 Goodwill impairment 284 — (Gain) loss on divestitures and transaction costs 14 15 Litigation costs (recoveries), net 12 31 Other (income) expenses, net (1 ) (1 ) Segment Pre-tax Income (Loss) $ 69 $ 105 Segment depreciation and amortization (including contract inducements) $ 54 $ 56 Adjusted EBITDA $ 123 $ 161
Reconciliation to pre-tax income (loss)	(in millions) Three Months Ended March 31, Segment Profit (Loss) Reconciliation to Pre-tax Income (Loss) 2019 2018 Income (Loss) Before Income Taxes $ (338 ) $ (54 ) Reconciling items: Amortization of acquired intangible assets 62 61 Restructuring and related costs 16 20 Interest expense 20 33 Goodwill impairment 284 — (Gain) loss on divestitures and transaction costs 14 15 Litigation costs (recoveries), net 12 31 Other (income) expenses, net (1 ) (1 ) Segment Pre-tax Income (Loss) $ 69 $ 105 Segment depreciation and amortization (including contract inducements) $ 54 $ 56 Adjusted EBITDA $ 123 $ 161

Business Acquisition (Tables)

Business Acquisition (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The Company’s purchase price allocation for the HSP acquisition is preliminary and subject to revision as additional information related to the fair value of assets and liabilities becomes available. The preliminary purchase price based upon the current determination of fair values as at March 31, 2019 was as follows: (in millions) March 31, 2019 Fair Value of Consideration Transferred: Cash paid $ 90 Recorded earn-out payable 7 Total Consideration $ 97 Allocation of Purchase Price: Net tangible assets $ 10 Costs Assigned to Intangible Assets Developed technology 20 Customer relationships 18 Trademarks and trade names 1 Goodwill 48 Total Intangible Assets 87 Total Assets $ 97

Restructuring Programs (Tables)

Restructuring Programs (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring Program Activity	A summary of the Company's restructuring program activity during the three months ended March 31, 2019 and 2018 was as follows: (in millions) Severance and Related Costs Lease Cancellation and Other Costs Total Accrued Balance at December 31, 2018 $ 13 $ 36 $ 49 Restructuring provision 3 14 17 Adjustments to prior accruals — (1 ) (1 ) Total Net Current Period Charges 3 13 16 Payments against reserve and currency (5 ) (6 ) (11 ) Adoption of new lease standard — (22 ) (22 ) Other — (3 ) (3 ) Accrued Balance at March 31, 2019 $ 11 $ 18 $ 29 (in millions) Severance and Related Costs Lease Cancellation and Other Costs Total Accrued Balance at December 31, 2017 $ 14 $ 30 $ 44 Restructuring provision 17 7 24 Adjustments to prior accruals (3 ) (2 ) (5 ) Total Net Current Period Charges 14 5 19 Payments against reserve and currency (5 ) (8 ) (13 ) Other — 1 1 Accrued Balance at March 31, 2018 $ 23 $ 28 $ 51
Total Costs incurred with Restructuring programs, by segment	The following table summarizes the total amount of costs incurred in connection with these restructuring programs by segment: Three Months Ended (in millions) 2019 2018 Commercial Industries $ 2 $ 12 Shared IT / Infrastructure & Corporate Costs 14 7 Total Net Restructuring Charges $ 16 $ 19

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt was as follows: (in millions) March 31, 2019 December 31, 2018 Term loan A due 2022 $ 691 $ 705 Term loan B due 2023 831 833 Senior notes due 2024 34 34 Finance lease obligations 23 26 Principal debt balance 1,579 1,598 Debt issuance costs and unamortized discounts (30 ) (31 ) Less: current maturities (53 ) (55 ) Total Long-term Debt $ 1,496 $ 1,512

Fair Value of Financial Asset_2

Fair Value of Financial Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
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. (in millions) March 31, 2019 December 31, 2018 Assets: Foreign exchange contract - forward $ 3 $ 3 Total Assets $ 3 $ 3 Liabilities: Foreign exchange contracts - forwards $ 1 $ 1 Total Liabilities $ 1 $ 1
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, 2019 December 31, 2018 (in millions) Carrying Amount Fair Value Carrying Amount Fair Value Assets: Assets held for sale — — 15 15 Liabilities: Long-term debt 1,496 1,478 1,512 1,463 Liabilities held for sale — — 40 40

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (AOCL) (Tables)	3 Months Ended
	Mar. 31, 2019
Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Below are the balances and changes in AOCL (1) : (in millions) Currency Translation Adjustments Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Items Total Balance at December 31, 2018 $ (426 ) $ 2 $ (1 ) $ (425 ) Other comprehensive income (loss) before reclassifications 7 1 — 8 Amounts reclassified from accumulated other comprehensive loss 15 — (1 ) 14 Net current period other comprehensive income (loss) 22 1 (1 ) 22 Balance at March 31, 2019 $ (404 ) $ 3 $ (2 ) $ (403 ) (in millions) Currency Translation Adjustments Gains (Losses) on Cash Flow Hedges Defined Benefit Pension Items Total Balance at December 31, 2017 $ (437 ) $ 1 $ (58 ) $ (494 ) Other comprehensive income (loss) before reclassifications 9 (1 ) — 8 Amounts reclassified from accumulated other comprehensive loss 5 — — 5 Net current period other comprehensive income (loss) 14 (1 ) — 13 Balance at March 31, 2018 $ (423 ) $ — $ (58 ) $ (481 ) __________ (1) All amounts are net of tax. Tax effects were immaterial.

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Schedule of Stockholders Equity [Table Text Block]	Shareholders’ Equity (in millions) Common Stock Additional Paid-in Capital Retained Earnings AOCL Conduent Shareholders' Equity Balance at December 31, 2018 $ 2 $ 3,878 $ (233 ) $ (425 ) $ 3,222 Cash dividends paid - preferred stock — — (2 ) — (2 ) Cumulative impact of adopting the new lease standard — — (8 ) — (8 ) Stock option and incentive plans, net — 1 — — 1 Comprehensive Income (Loss): Net Income (Loss) — — (308 ) — (308 ) Other comprehensive income (loss), net — — — 22 22 Total Comprehensive Income (Loss), Net — — (308 ) 22 (286 ) Balance at March 31, 2019 $ 2 $ 3,879 $ (551 ) $ (403 ) $ 2,927 (in millions) Common Stock Additional Paid-in Capital Retained Earnings AOCL Conduent Shareholders' Equity Balance at December 31, 2017 $ 2 $ 3,850 $ 171 $ (494 ) $ 3,529 Cash dividends paid - preferred stock — — (2 ) — (2 ) Cumulative impact of adopting the new revenue standard — — 17 — 17 Stock option and incentive plans, net — 3 — — 3 Comprehensive Income (Loss): Net Income (Loss) — — (50 ) — (50 ) Other comprehensive income (loss), net — — — 13 13 Total Comprehensive Income (Loss), Net — — (50 ) 13 (37 ) Balance at March 31, 2018 $ 2 $ 3,853 $ 136 $ (481 ) $ 3,510

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share of common stock: Three Months Ended (in millions, except per share data in whole dollars and shares in thousands) 2019 2018 Net income (loss) $ (308 ) $ (50 ) Accrued dividends on preferred stock (2 ) (2 ) Adjusted Net Income (Loss) Available to Common Shareholders $ (310 ) $ (52 ) Weighted average common shares outstanding 207,944 205,093 Common shares issuable with respect to: Stock options — — Restricted stock and performance units / shares — — Adjusted Weighted Average Common Shares Outstanding 207,944 205,093 Net Income (Loss) per Share: Basic $ (1.49 ) $ (0.26 ) Diluted $ (1.49 ) $ (0.26 ) 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 (shares in thousands): Stock Options 110 317 Restricted stock and performance shares/units 5,124 5,527 Convertible preferred stock 5,393 5,393 Total Anti-Dilutive Securities 10,627 11,237

Supplementary Financial Infor_2

Supplementary Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
Other Current Liabilities [Table Text Block]	The components of Other current liabilities were as follows: (in millions) March 31, December 31, Accrued liabilities $ 308 $ 307 Legal settlements 280 147 Current operating lease liabilities 112 — All other liabilities 117 113 Total Other Current Liabilities $ 817 $ 567

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Millions	Jan. 01, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right of use assets		$ 338	$ 0
Other current liabilities		817	567
Other long-term liabilities		99	$ 280
Present value of operating lease liabilities		$ 394
Weighted average remaining lease term, operating leases		5 years
Weighted average remaining lease term, finance leases		3 years
Weighted average discount rate, operating leases		5.20%
Weighted average discount rate, finance leases		4.80%
Operating lease, not yet commenced		$ 14
Operating lease, not yet commenced, term		10 years
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right of use assets	$ 387
Other current liabilities	103
Other long-term liabilities	(21)
Present value of operating lease liabilities	316
Effect to opening retained earnings (deficit)	$ (8)

Recent Accounting Pronounceme_5

Recent Accounting Pronouncements - Components of Lease Costs (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Leases [Abstract]
Amortization of right of use assets	$ 3
Total Finance Lease Costs	3
Base rent	31
Short-term lease costs	3
Variable lease costs	7
Sublease income	(1)
Total Operating Lease Costs	$ 40

Recent Accounting Pronounceme_6

Recent Accounting Pronouncements - Supplemental Cash Flow Information Related to Leases (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for the amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (30)
Financing cash flow from finance leases	(3)
Supplemental non-cash information on right of use assets obtained in exchange for new lease obligations:, operating leases	$ 6

Recent Accounting Pronounceme_7

Recent Accounting Pronouncements - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Operating Leases:
Operating lease right of use assets	$ 338	$ 0
Other current liabilities	112	0
Operating lease liabilities	282	$ 0
Total Operating Lease Liabilities	394
Finance Leases:
Land, buildings and Equipment, net	21
Current portion of long-term debt	9
Long-term debt	14
Total Finance Lease Liabilities	$ 23

Recent Accounting Pronounceme_8

Recent Accounting Pronouncements Recent Accounting Pronouncements - Future Lease Payments for Operating Leases (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Maturity Of Lease Liabilities:
2019 (remaining)	$ 100
2020	105
2021	75
2022	52
2023	35
Thereafter	84
Total undiscounted operating lease payments	451
Less imputed interest	57
Present value of operating lease liabilities	$ 394
Operating Leases, Before Adoption of 842
2019		$ 153
2020		113
2021		78
2022		53
2023		33
Thereafter		76
Total minimum operating lease payments		$ 506

Recent Accounting Pronounceme_9

Recent Accounting Pronouncements Recent Accounting Pronouncements - Maturities of Finance Lease Liabilities (Details) $ in Millions	Mar. 31, 2019USD ($)
Finance Lease Payments
2019 (remaining)	$ 8
2020	6
2021	5
2022	4
2023	1
Thereafter	0
Total undiscounted finance lease payments	24
Less imputed interest	1
Present value of finance lease liabilities	$ 23

Revenue, Contract Assets and _3

Revenue, Contract Assets and Liabilities - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,158	$ 1,420
Point in time
Disaggregation of Revenue [Line Items]
Revenue	39	36
Over time
Disaggregation of Revenue [Line Items]
Revenue	1,119	1,384
Commercial Industries
Disaggregation of Revenue [Line Items]
Revenue	612	654
Commercial Industries | Omni-Channel Communications
Disaggregation of Revenue [Line Items]
Revenue	211	219
Commercial Industries | Human Resource Services
Disaggregation of Revenue [Line Items]
Revenue	182	187
Commercial Industries | industry Services
Disaggregation of Revenue [Line Items]
Revenue	219	248
Government services
Disaggregation of Revenue [Line Items]
Revenue	325	335
Government services | Government Services and Health
Disaggregation of Revenue [Line Items]
Revenue	119	114
Government services | Payment Services
Disaggregation of Revenue [Line Items]
Revenue	74	82
Government services | State and Local
Disaggregation of Revenue [Line Items]
Revenue	119	126
Government services | Federal
Disaggregation of Revenue [Line Items]
Revenue	13	13
Transportation Services
Disaggregation of Revenue [Line Items]
Revenue	184	176
Transportation Services | Tolling
Disaggregation of Revenue [Line Items]
Revenue	79	72
Transportation Services | Transit
Disaggregation of Revenue [Line Items]
Revenue	54	54
Transportation Services | Photo and Parking
Disaggregation of Revenue [Line Items]
Revenue	48	46
Transportation Services | Commercial Vehicle
Disaggregation of Revenue [Line Items]
Revenue	3	4
Other
Disaggregation of Revenue [Line Items]
Revenue	37	255
Other | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Disaggregation of Revenue [Line Items]
Revenue	36	248
Other | Education
Disaggregation of Revenue [Line Items]
Revenue	$ 1	$ 7

Revenue, Contract Assets and _4

Revenue, Contract Assets and Liabilities - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Contract Assets (Unearned Income)
Current contract assets	$ 197		$ 177
Long-term contract assets	14		7
Current unearned income	(103)		(112)
Long-term unearned income	(29)		(32)
Net Contract Assets (Unearned Income)	79		40
Accounts receivable, net	820		$ 782
Revenue recognized	$ 53	$ 83

Revenue, Contract Assets and _5

Revenue, Contract Assets and Liabilities - Remaining Performance Obligation (Details) $ in Billions	Mar. 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	65.00%
Remaining performance obligation, expected timing of satisfaction	2 years

Segment Reporting - Segment Rev

Segment Reporting - Segment Revenue and Segment Profit (Loss) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)primaryreportablesegment	Mar. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 1,158	$ 1,420
Revenue	$ 1,158	1,420
Primary reportable segments | primaryreportablesegment	3
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	$ 54	56
Segment Pre-tax Income (Loss)	69	105
Segment Adjusted EBITDA	123	161
Commercial Industries
Segment Reporting Information [Line Items]
Revenues	612	654
Revenue	612	654
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	22	28
Segment Pre-tax Income (Loss)	113	110
Segment Adjusted EBITDA	135	138
Government services
Segment Reporting Information [Line Items]
Revenues	325	335
Revenue	325	335
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	9	7
Segment Pre-tax Income (Loss)	86	108
Segment Adjusted EBITDA	95	115
Transportation Services
Segment Reporting Information [Line Items]
Revenues	184	176
Revenue	184	176
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	9	8
Segment Pre-tax Income (Loss)	20	27
Segment Adjusted EBITDA	29	35
Other
Segment Reporting Information [Line Items]
Revenue	37	255
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Revenues	0	0
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	14	10
Segment Pre-tax Income (Loss)	(151)	(176)
Segment Adjusted EBITDA	(137)	(166)
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Other
Segment Reporting Information [Line Items]
Revenue	36	248
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	0	2
Segment Pre-tax Income (Loss)	1	39
Segment Adjusted EBITDA	1	41
Education | Other
Segment Reporting Information [Line Items]
Revenue	1	7
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	0	1
Segment Pre-tax Income (Loss)	0	(3)
Segment Adjusted EBITDA	$ 0	$ (2)

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation Of Operating Profit Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting [Abstract]
Income (Loss) before Income Taxes	$ (338)	$ (54)
Reconciling items:
Amortization of intangible assets	(62)	(61)
Restructuring and related costs	16	20
Interest expense	20	33
Goodwill impairment	284	0
(Gain) Loss on divestitures and transaction costs	(14)	(15)
Litigation costs (recoveries), net	12	31
Other (income) expenses, net	(1)	(1)
Segment Pre-tax Income (Loss)	69	105
Depreciation and Amortization, excluding Amortization of Acquired Intangible Assets	54	56
Segment Adjusted EBITDA	$ 123	$ 161

Assets_Liabilities Held for S_2

Assets/Liabilities Held for Sale (Details) - Customer Care Contracts [Member] - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Additional Pre-tax loss on disposal and adjustment to final sales price	$ 12
Divestiture revenue	$ 36	$ 439

Business Acquisition (Details)

Business Acquisition (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2019	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Revenues		$ 1,158	$ 1,420
Goodwill		3,171			$ 3,408
Health Solutions Plus [Member]
Business Acquisition [Line Items]
Revenues		4
Business Combination, Consideration Transferred	$ 90	90
Business Combination, Contingent Consideration, Liability		7
Business Acquisition, Total consideration		97
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		10
Goodwill		48
Intangible Assets, Net (Including Goodwill)		87
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net		97
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 8
Business Combination, Contingent Consideration Arrangements Period		2 years
Goodwill, Portion Currently Not Tax Deductible				$ 7
Income (Loss) from Subsidiaries, before Tax		$ 3
Developed Technology [Member] | Health Solutions Plus [Member]
Business Acquisition [Line Items]
Estimated Useful Lives		7 years
Finite-Lived Intangible Assets, Gross		$ 20
Customer Relationships [Member] | Health Solutions Plus [Member]
Business Acquisition [Line Items]
Estimated Useful Lives		15 years
Finite-Lived Intangible Assets, Gross		$ 18
Trademarks and Trade Names [Member] | Health Solutions Plus [Member]
Business Acquisition [Line Items]
Estimated Useful Lives		1 year 6 months
Finite-Lived Intangible Assets, Gross		$ 1

Restructuring Programs (Details

Restructuring Programs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Strategic transformation costs	$ 0	$ 1
Restructuring Reserve [Roll Forward]
Balance at beginning of period	49	44
Restructuring Charges	17	24
Reversals of prior accruals	(1)	(5)
Restructuring, Net Current Period Charges	16	19
Restructuring payments against reserve and currency	(11)	(13)
Adjustment for right-of-use assets	(22)
Other Restructuring Costs	(3)	1
Balance at end of period	29	51
Net current period restructuring charges, continuing operations	16	19
Commercial Industries
Restructuring Reserve [Roll Forward]
Net current period restructuring charges, continuing operations	2	12
Corporate, Non-Segment [Member]
Restructuring Reserve [Roll Forward]
Net current period restructuring charges, continuing operations	14	7
Severance and Related Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of period	13	14
Restructuring Charges	3	17
Reversals of prior accruals	0	(3)
Restructuring, Net Current Period Charges	3	14
Restructuring payments against reserve and currency	(5)	(5)
Adjustment for right-of-use assets	0
Other Restructuring Costs	0	0
Balance at end of period	11	23
Lease Cancellation and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at beginning of period	36	30
Restructuring Charges	14	7
Reversals of prior accruals	(1)	(2)
Restructuring, Net Current Period Charges	13	5
Restructuring payments against reserve and currency	(6)	(8)
Adjustment for right-of-use assets	(22)
Other Restructuring Costs	(3)	1
Balance at end of period	18	$ 28
Data Center Consolidation [Member] | Lease Cancellation and Other Costs [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 9

Debt - Debt Issuances (Details)

Debt - Debt Issuances (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Finance lease obligations	$ 23	$ 26
Principal debt balance	1,579	1,598
Debt issuance costs and unamortized discounts	(30)	(31)
Less: current maturities	(53)	(55)
Total Long-term Debt	1,496	1,512
Term Loan A due 2022
Debt Instrument [Line Items]
Long-term debt, gross	691	705
Term Loan B due 2023
Debt Instrument [Line Items]
Long-term debt, gross	831	833
Senior Notes due 2024
Debt Instrument [Line Items]
Long-term debt, gross	$ 34	$ 34

Financial Instruments - Foreign

Financial Instruments - Foreign Exchange Risk Management (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross Notional Value	$ 164	$ 167
Average Maturity of Foreign Exchange Hedging Contracts - within Three Months	65.00%
Average Maturity of Foreign Exchange Hedging Contracts - within Three and Six Months	14.00%
Average Maturity of Foreign Exchange Hedging Contracts - within Six and Twelve Months	16.00%
Average Maturity of Foreign Exchange Hedging Contracts - greater than twelve months	5.00%

Fair Value of Financial Asset_3

Fair Value of Financial Assets and Liabilities - Recurring (Details) - Significant Other Observable Inputs (Level 2) [Member] - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Assets:
Total Assets	$ 3	$ 3
Liabilities:
Foreign derivative contracts	1	1
Total Liabilities	1	1
Foreign Exchange Forward [Member]
Assets:
Foreign exchange contracts	$ 3	$ 3

Fair Value of Financial Asset_4

Fair Value of Financial Assets and Liabilities - Nonrecurring (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill impairment	$ 284	$ 0
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	0		$ 15
Long-term debt	1,496		1,512
Liabilities held for sale	0		40
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets held for sale	0		15
Long-term debt	1,478		1,463
Liabilities held for sale	$ 0		$ 40

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plans	$ 3	$ 8

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (AOCL) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Changes in Accumulated Other Comprehensive Loss (AOCL) [Roll Forward]
Balance at beginning of period	$ (425)	$ (494)
Other comprehensive income (loss) before reclassifications	8	8
Net current period other comprehensive income (loss)	14	5
Other Comprehensive Income (Loss), Net	22	13
Balance at end of period	(403)	(481)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Loss (AOCL) [Roll Forward]
Balance at beginning of period	(426)	(437)
Other comprehensive income (loss) before reclassifications	7	9
Net current period other comprehensive income (loss)	15	5
Other Comprehensive Income (Loss), Net	22	14
Balance at end of period	(404)	(423)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Loss (AOCL) [Roll Forward]
Balance at beginning of period	2	1
Other comprehensive income (loss) before reclassifications	1	(1)
Net current period other comprehensive income (loss)	0	0
Other Comprehensive Income (Loss), Net	1	(1)
Balance at end of period	3	0
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Changes in Accumulated Other Comprehensive Loss (AOCL) [Roll Forward]
Balance at beginning of period	(1)	(58)
Other comprehensive income (loss) before reclassifications	0	0
Net current period other comprehensive income (loss)	(1)	0
Other Comprehensive Income (Loss), Net	(1)	0
Balance at end of period	$ (2)	$ (58)

Contingencies and Litigation -

Contingencies and Litigation - Other Contingencies (Details) $ in Millions	Mar. 31, 2019USD ($)
Surety Bond [Member]
Guarantor Obligations [Line Items]
Maximum exposure, undiscounted	$ 636
Contractual and Corporate Obligations Guarantee [Member]
Guarantor Obligations [Line Items]
Maximum exposure, undiscounted	$ 266

Contingencies and Litigation -

Contingencies and Litigation - Loss Contingency (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)claim
State Of Texas v. Xerox Corporation, Xerox State Healthcare, LLC, and ACS State Healthcare, LLC [Member]
Loss Contingencies [Line Items]
loss contingencies, settlement amount	$ 236
Loss Contingency, Damages Paid, Value	40
loss contingencies, agreed upon settlement amount to be paid within 1 month	78
loss contingencies, agreed upon settlement amount to be paid within 1 year	118
Loss Contingency, Loss in Period	13
Conduent Business Services, LLC v. Cognizant Business Service, LLC [Member]
Loss Contingencies [Line Items]
Loss Contingency, New Claims Filed, Number | claim		2
Loss Contingency, Damages Sought, Value		$ 47
Loss on Contract Termination		$ 25
Contractual and Corporate Obligations Guarantee [Member]
Loss Contingencies [Line Items]
Maximum exposure, undiscounted	266
Surety Bond [Member]
Loss Contingencies [Line Items]
Maximum exposure, undiscounted	$ 636

Contingencies and Litigation _2

Contingencies and Litigation - Gain Contingency (Details) $ in Millions	Dec. 31, 2017USD ($)
Conduent Business Services, LLC v. Cognizant Business Service, LLC [Member]
Gain Contingencies [Line Items]
Gain Contingency, Unrecorded Amount	$ 150

Preferred Stock (Details)

Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2016
Temporary Equity [Line Items]
Preferred Stock, Shares Issued		120,000
Preferred Stock, Liquidation Preference, Value		$ 120
Preferred Stock, Value, Issued		$ 142
Preferred Stock, Dividend Rate, Percentage	8.00%
Preferred stock annual dividends	$ 9.6
Total shares available for issuance (in shares)		5,393,000
Preferred Stock Initial Conversion Price per Share	$ 22.25
Common Stock [Member]
Temporary Equity [Line Items]
Shares issued upon conversion (in shares)		44.9438

Shareholder's Equity (Details)

Shareholder's Equity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	$ 3,222
Net income (loss)	(308)	$ (50)
Other comprehensive income (loss), net	22	13
Comprehensive Income (Loss), Net	(286)	(37)
Balance at period end	2,927
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	2	2
Cash dividends paid - preferred stock	0	0
Stock option and incentive plans, net	0	0
Net income (loss)	0	0
Other comprehensive income (loss), net	0	0
Comprehensive Income (Loss), Net	0	0
Balance at period end	2	2
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	3,878	3,850
Cash dividends paid - preferred stock	0	0
Stock option and incentive plans, net	(1)	3
Net income (loss)	0	0
Other comprehensive income (loss), net	0	0
Comprehensive Income (Loss), Net	0	0
Balance at period end	3,879	3,853
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	(233)	171
Cash dividends paid - preferred stock	(2)	(2)
Stock option and incentive plans, net	0	0
Net income (loss)	(308)	(50)
Other comprehensive income (loss), net	0	0
Comprehensive Income (Loss), Net	(308)	(50)
Balance at period end	(551)	136
AOCL Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	(425)	(494)
Cash dividends paid - preferred stock	0	0
Stock option and incentive plans, net	0	0
Net income (loss)	0	0
Other comprehensive income (loss), net	22	13
Comprehensive Income (Loss), Net	22	13
Balance at period end	(403)	(481)
Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at period start	3,222	3,529
Cash dividends paid - preferred stock	(2)	(2)
Stock option and incentive plans, net	(1)	3
Net income (loss)	(308)	(50)
Other comprehensive income (loss), net	22	13
Comprehensive Income (Loss), Net	(286)	(37)
Balance at period end	$ 2,927	$ 3,510
Accounting Standards Update 2014-09 [Member] | Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard				$ 0
Accounting Standards Update 2014-09 [Member] | Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard				0
Accounting Standards Update 2014-09 [Member] | Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard				17
Accounting Standards Update 2014-09 [Member] | AOCL Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard				0
Accounting Standards Update 2014-09 [Member] | Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard				$ 17
Accounting Standards Update 2014-09 | Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard			$ 0
Accounting Standards Update 2014-09 | Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard			0
Accounting Standards Update 2014-09 | Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard			(8)
Accounting Standards Update 2014-09 | AOCL Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard			0
Accounting Standards Update 2014-09 | Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative impact of adopting the new lease standard			$ (8)

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss from continuing operations	$ (308)	$ (50)
Preferred Stock Dividends and Other Adjustments	(2)	(2)
Adjusted Net Income Available to Common Shareholders, Common	$ (310)	$ (52)
Weighted average number of shares outstanding, Basic	207,944	205,093
Loss from continuing operations, per basic share	$ (1.49)	$ (0.26)
Earnings Per Share, Basic	$ (1.49)	$ (0.26)
Weighted average number of shares outstanding, Diluted	207,944	205,093
Loss from continuing operations, per diluted share	$ (1.49)	$ (0.26)
Earnings Per Share, Diluted	$ (1.49)	$ (0.26)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,627	11,237
Restricted Stock and Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,124	5,527
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	110	317
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,393	5,393
Restricted Stock and Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0

Earnings per Share - Earnings

Earnings per Share - Earnings per share reconciliation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Basic And Diluted Earnings [Line Items]
Adjusted Net Income Available to Common Shareholders, Common	$ (310)	$ (52)
Preferred Stock Dividends and Other Adjustments	2	2
Net loss from continuing operations	$ (308)	$ (50)
Weighted average number of shares outstanding, Basic	207,944	205,093
Continuing operations, per basic share	$ (1.49)	$ (0.26)
Earnings Per Share, Basic	$ (1.49)	$ (0.26)
Weighted average number of shares outstanding, Diluted	207,944	205,093
Continuing operations, per diluted share	$ (1.49)	$ (0.26)
Earnings Per Share, Diluted	$ (1.49)	$ (0.26)
Stock Options [Member]
Schedule of Basic And Diluted Earnings [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0
Restricted Stock and Performance Shares [Member]
Schedule of Basic And Diluted Earnings [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0

Earnings per Share - Earning_2

Earnings per Share - Earnings per share-anti dilutive shares (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,627	11,237
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	110	317
Restricted Stock and Performance Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,124	5,527
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,393	5,393

Supplementary Financial Infor_3

Supplementary Financial Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Accrued Liabilities	$ 308	$ 307
Estimated Litigation Liability, Current	280	147
Other current liabilities	112	0
Other Sundry Liabilities, Current	117	113
Other current liabilities	$ 817	$ 567

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Asset Impairment Charges	$ 284
Goodwill impairment		$ 284	$ 0