v3.26.1
Xerox Corporation Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 512 $ 576
Accounts receivable (net of allowance of $73 and $69, respectively) 1,122 796
Billed portion of finance receivables (net of allowance of $3 and $2, respectively) 46 48
Finance receivables, net 510 608
Inventories 1,016 695
Other current assets 362 212
Total current assets 3,568 2,935
Finance receivables due after one year (net of allowance of $42 and $55, respectively) 846 1,089
Equipment on operating leases, net 299 245
Land, buildings and equipment, net 390 251
Intangible assets, net 921 236
Goodwill, net 2,222 1,937
Deferred tax assets 98 615
Other long-term assets 1,479 1,057
Total Assets 9,823 8,365
Liabilities and Equity    
Short-term debt and current portion of long-term debt 231 585
Accounts payable 1,498 1,023
Accrued compensation and benefits costs 235 227
Accrued expenses and other current liabilities 1,258 784
Total current liabilities 3,222 2,619
Long-term debt 4,016 2,814
Pension and other benefit liabilities 1,068 1,088
Post-retirement medical benefits 159 154
Other long-term liabilities 685 386
Total Liabilities 9,150 7,061
Commitments and Contingencies (See Note 20)
Noncontrolling Interests 10 10
Additional paid-in capital 1,183 1,137
Retained earnings 2,444 3,514
Accumulated other comprehensive loss (3,311) (3,699)
Xerox Holdings/Xerox shareholder's equity 444 1,076
Noncontrolling interests 5 4
Total Equity 449 1,080
Total Liabilities and Equity 9,823 8,365
Xerox Corporation    
Assets    
Cash and cash equivalents 511 575
Accounts receivable (net of allowance of $73 and $69, respectively) 1,122 796
Billed portion of finance receivables (net of allowance of $3 and $2, respectively) 46 48
Finance receivables, net 510 608
Inventories 1,016 695
Other current assets 362 212
Total current assets 3,567 2,934
Finance receivables due after one year (net of allowance of $42 and $55, respectively) 846 1,089
Equipment on operating leases, net 299 245
Land, buildings and equipment, net 390 251
Intangible assets, net 921 236
Goodwill, net 2,222 1,937
Deferred tax assets 98 615
Other long-term assets 1,438 1,017
Total Assets 9,781 8,324
Liabilities and Equity    
Short-term debt and current portion of long-term debt 110 197
Accounts payable 1,498 1,023
Accrued compensation and benefits costs 235 227
Accrued expenses and other current liabilities 1,245 741
Total current liabilities 3,209 2,576
Pension and other benefit liabilities 1,068 1,088
Post-retirement medical benefits 159 154
Other long-term liabilities 685 386
Total Liabilities 9,137 7,018
Commitments and Contingencies (See Note 20)
Noncontrolling Interests 10 10
Additional paid-in capital 3,492 3,487
Retained earnings 448 1,504
Accumulated other comprehensive loss (3,311) (3,699)
Xerox Holdings/Xerox shareholder's equity 629 1,292
Noncontrolling interests 5 4
Total Equity 634 1,296
Total Liabilities and Equity 9,781 8,324
Xerox Corporation | Related Party    
Liabilities and Equity    
Short-term related party debt 121 388
Long-term debt 1,872 1,634
Xerox Corporation | Nonrelated Party    
Liabilities and Equity    
Long-term debt $ 2,144 $ 1,180