v3.26.1
Fair Value of Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
The following table represents assets and liabilities' fair value measured on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs.
As of December 31,
20252024
Assets
Derivatives$8 $11 
Deferred compensation investments in mutual funds12 13 
Total$20 $24 
Liabilities
Derivatives$10 $8 
Deferred compensation plan liabilities11 11 
Total$21 $19 
Schedule of 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:
 December 31, 2025December 31, 2024
 Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Cash and cash equivalents$512 $512 $576 $576 
Accounts receivable, net1,122 1,122 796 796 
Short-term debt and current portion of long-term debt(1)
231 236 585 592 
Long-term debt
Xerox Holdings Corporation$1,872 $800 $1,634 $1,391 
Xerox Corporation2,142 1,676 1,177 989 
Xerox - Other Subsidiaries(2)
2 2 3 3 
Total Long-term debt$4,016 $2,478 $2,814 $2,383 
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(1)Includes $121 and $388 of Xerox Corporation related party debt for the years ended December 31, 2025 and 2024 , respectively.
(2)Represents subsidiaries of Xerox Corporation.