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Xerox Holdings Corporation Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net (Loss) Income $ (1,029) $ (1,321) $ 1
Adjustments required to reconcile Net (loss) income to Net Cash provided by operating activities:      
Depreciation and amortization 331 274 251
Provisions 85 110 54
Inventory-related purchase accounting adjustment-noncash 102 0 0
Effective settlement of a pre-existing relationship between Lexmark and Xerox (43) 0 0
Deferred tax benefit 502 90 (68)
Net gain on sales of businesses and assets (5) (8) (39)
Divestitures (4) 47 0
PARC donation 0 0 132
Stock-based compensation 45 52 54
Goodwill impairment 0 1,058 0
Restructuring and asset impairment charges 67 87 146
Payments for restructurings (69) (78) (27)
Non-service retirement-related costs 78 80 19
Contributions to retirement plans (161) (145) (102)
(Increase) decrease in accounts receivable and billed portion of finance receivables (36) 71 (5)
(Increase) decrease in inventories (12) (122) 123
Increase in equipment on operating leases (126) (107) (141)
Decrease in finance receivables 489 663 614
Decrease (increase) in other current and long-term assets 9 (14) 16
Increase (decrease) in accounts payable 24 (48) (290)
(Decrease) increase in accrued compensation (53) (78) 48
Increase (decrease) in other current and long-term liabilities 33 (47) (114)
Net change in income tax assets and liabilities (26) (50) (12)
Net change in derivative assets and liabilities (12) 10 13
Other operating, net 35 (13) 13
Net cash provided by operating activities 224 511 686
Cash Flows from Investing Activities      
Cost of additions to land, buildings, equipment and software (91) (44) (37)
Proceeds from sales of businesses and assets 79 35 43
Acquisitions, net of cash acquired (674) (161) (7)
Other investing, net (12) (28) (4)
Net cash used in investing activities (698) (198) (5)
Cash Flows from Financing Activities      
Net proceeds on short-term debt 119 0 0
Proceeds from issuance of long-term debt 1,140 907 1,396
Payments on long-term debt (755) (992) (1,874)
Purchases of capped calls 0 (23) 0
Dividends (71) (141) (165)
Payments to acquire treasury stock, including fees 0 (8) (544)
Other financing, net (29) (14) (15)
Net cash provided by (used in) financing activities 404 (271) (1,202)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4 (28) (1)
(Decrease) increase in cash, cash equivalents and restricted cash (66) 14 (522)
Cash, cash equivalents and restricted cash at beginning of year 631 617 1,139
Cash, Cash Equivalents and Restricted Cash at End of Year $ 565 $ 631 $ 617