v3.26.1
Schedule II Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II Valuation and Qualifying Accounts
Xerox Holdings Corporation
Schedule II Valuation and Qualifying Accounts
Receivables - Allowance for Doubtful Accounts:
(in millions)Balance
at beginning
of period 
Additions charged to bad debt provision (1)
Amounts charged to other income statement accounts (1)
Acquisitions(2)
Deductions
and other, net
of recoveries (3)
Balance
at end
of period 
Year Ended December 31, 2025     
Accounts Receivable$69 $23 $1 $3 $(23)$73 
Finance Receivables57 16 — — (28)45 
 $126 $39 $1 $3 $(51)$118 
      
Year Ended December 31, 2024     
Accounts Receivable$64 $25 $— $— $(20)$69 
Finance Receivables92 17 2 — (54)57 
 $156 $42 $2 $— $(74)$126 
      
Year Ended December 31, 2023     
Accounts Receivable$52 $22 $6 $— $(16)$64 
Finance Receivables117 6 2 — (33)92 
 $169 $28 $8 $— $(49)$156 
_____________
(1)Bad debt provisions relate to estimated losses due to credit and similar collectibility issues. Other charges (credits) relate to adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.
(2)Reflects the Lexmark Acquisition on July 1, 2025. Refer to Note 6 - Acquisitions and Divestitures for additional information regarding the Lexmark acquisition.
(3)Deductions and other, net of recoveries primarily relates to receivable write-offs, but also includes the impact of foreign currency translation adjustments and recoveries of previously written off receivables.


Deferred Tax Asset Valuation Allowances:
(in millions)Balance at beginning of period Additions charged to income tax expense (benefit)
Acquisitions(1)
Amounts credited to other accounts (2)
Balance
at end
of period 
Year Ended December 31, 2025$511 618 822 (18)$1,933 
     
Year Ended December 31, 2024$375 195 — (59)$511 
     
Year Ended December 31, 2023$366 (4)— 13 $375 
_____________
(1)Reflects the Lexmark Acquisition on July 1, 2025. Refer to Note 6 - Acquisitions and Divestitures for additional information regarding the Lexmark acquisition.
(2)Reflects other increases (decreases) to our valuation allowance, including the effects of currency. These did not affect Income tax benefit in total as there was a corresponding adjustment to Deferred tax assets or Other comprehensive loss.
Xerox Corporation
Schedule II Valuation and Qualifying Accounts
Receivables - Allowance for Doubtful Accounts:
(in millions)Balance
at beginning
of period 
Additions
charged to bad debt provision (1) 
Amounts charged to other income statement accounts (1)
Acquisitions(2)
Deductions
and other, net
of recoveries (3)
Balance
at end
of period 
Year Ended December 31, 2025     
Accounts Receivable$69 $23 $1 $3 $(23)$73 
Finance Receivables57 16 — — (28)45 
 $126 $39 $1 $3 $(51)$118 
      
Year Ended December 31, 2024     
Accounts Receivable$64 $25 $— $— $(20)$69 
Finance Receivables92 17 2 — (54)57 
 $156 $42 $2 $— $(74)$126 
      
Year Ended December 31, 2023     
Accounts Receivable$52 $22 $6 $— $(16)$64 
Finance Receivables117 6 2 — (33)92 
 $169 $28 $8 $— $(49)$156 
_____________
(1)Bad debt provisions relate to estimated losses due to credit and similar collectibility issues. Other charges (credits) relate to adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.
(2)Reflects the Lexmark Acquisition on July 1, 2025. Refer to Note 6 - Acquisitions and Divestitures for additional information regarding the Lexmark acquisition.
(3)Deductions and other, net of recoveries primarily relates to receivable write-offs, but also includes the impact of foreign currency translation adjustments and recoveries of previously written off receivables.


Deferred Tax Asset Valuation Allowances:
(in millions)Balance at beginning of period Additions charged to income tax expense (benefit)
Acquisitions(1)
Amounts credited to other accounts (2)
Balance
at end
of period 
Year Ended December 31, 2025$511 618 822 (18)$1,933 
     
Year Ended December 31, 2024$375 195 — (59)$511 
     
Year Ended December 31, 2023$366 (4)— 13 $375 
_____________
(1)Reflects the Lexmark Acquisition on July 1, 2025. Refer to Note 6 - Acquisitions and Divestitures for additional information regarding the Lexmark acquisition.
(2)Reflects other increases (decreases) to our valuation allowance, including the effects of currency. These did not affect Income tax benefit in total as there was a corresponding adjustment to Deferred tax assets or Other comprehensive loss.