v3.26.1
Goodwill, Net and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill he following presents the changes in the carrying amount of Goodwill, net:
Print and Other2025
Gross Goodwill - January 1st$3,808 
Foreign currency translation91 
Lexmark(1)
246 
Other1 
Gross Goodwill - December 31st$4,146 
Accumulated impairment - January 1st$(2,245)
Impairment loss— 
Currency(57)
Accumulated impairment - December 31st$(2,302)
Goodwill, net - December 31st
$1,844 
IT Solutions2025
Gross Goodwill - January 1st$374 
Foreign currency translation2 
ITsavvy(1)
2 
Gross Goodwill - December 31st$378 
Accumulated impairment - January 1st$— 
Impairment loss— 
Accumulated impairment - December 31st$— 
Goodwill, net - December 31st
$378 
Total Xerox202520242023
Gross Goodwill - January 1st$4,182 $3,940 $4,013 
Foreign currency translation - Gross93 (29)47 
Acquisitions(1):
Lexmark246 — — 
ITsavvy2 286 — 
U.K. Acquisitions— — 5 
Other1 1 — 
Dispositions(2)
— (16)(125)
Gross Goodwill - December 31st$4,524 $4,182 $3,940 
Accumulated impairment - January 1st$(2,245)$(1,193)$(1,193)
Impairment loss— (1,058)— 
Foreign currency translation - Impairment (57)6 — 
Accumulated impairment - December 31st$(2,302)$(2,245)$(1,193)
Goodwill, net - December 31st
$2,222 $1,937 $2,747 
_____________
(1)2025 activity reflects the acquisition of Lexmark, as well as measurement period adjustments for ITsavvy. Refer to Note 6 - Acquisitions and Divestitures for additional information related to acquisitions of Lexmark and ITsavvy.
(2)Reflects the write off of $10 of Goodwill associated with the sales of our business operations in Argentina and Chile, as well as other immaterial dispositions during 2024, and the write-off of $115 of Goodwill associated with the donation of our Palo Alto Research Center (PARC) during 2023. Refer to Note 6 - Acquisitions and Divestitures for additional information related to these dispositions.
Schedule of Intangible Assets, Net
Intangible assets, net were $921 at December 31, 2025. Approximately, $778 related to our Print and Other segment and $143 related to our IT Solutions segment. Approximately $163 of Intangible assets, net were allocated to the IT Solutions segment on January 1, 2025, the date that we reassessed our operating and reportable segments.
Intangible assets were comprised of the following:
 December 31, 2025December 31, 2024
Weighted Average
Amortization		Gross
Carrying
Amount		Accumulated
Amortization		Net
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Amount
Customer relationships(1)
10 years$856 $163 $693 $324 $106 $218 
Distribution network(1)
25 years123 123 — 123 123 — 
Trademarks(1)
8 years142 28 114 38 20 18 
Technology and non-compete7 years135 21 114 12 12 — 
Total Intangible Assets $1,256 $335 $921 $497 $261 $236 
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(1)2025 and 2024 balances reflect the acquisitions of Lexmark and ITsavvy, respectively. Refer to Note 6 - Acquisitions and Divestitures for additional information related to acquisitions of Lexmark and ITsavvy.