v3.26.1
Xerox Holdings Corporation Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Xerox Holdings Shareholders' Equity
Common Stock
 [1]
Additional Paid-in Capital
Treasury Stock
Retained Earnings
AOCL
 [2]
Non- controlling Interests
Beginning balance at Dec. 31, 2022 $ 3,353 $ 3,343 $ 156 $ 1,588 $ 0 $ 5,136 $ (3,537) $ 10
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income (loss), net (138) (138)       1 (139)  
Cash dividends declared-common [3] (146) (146)       (146)    
Cash dividends declared-preferred [4] (14) (14)       (14)    
Stock option and incentive plans, net 46 46 1 45        
Common stock repurchased (553) (553)     (553)      
Cancellation of treasury stock 0   (34) (519) 553      
Transactions with noncontrolling interests 2             2
Distributions to noncontrolling interests (2)             (2)
Ending balance at Dec. 31, 2023 2,548 2,538 123 1,114 0 4,977 (3,676) 10
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income (loss), net (1,344) (1,344)       (1,321) (23)  
Cash dividends declared-common [3] (128) (128)       (128)    
Cash dividends declared-preferred [4] (14) (14)       (14)    
Purchases of capped calls [5] (17) (17)   (17)        
Stock option and incentive plans, net 41 41 1 40        
Transactions with noncontrolling interests (4)             (4)
Distributions to noncontrolling interests (2)             (2)
Ending balance at Dec. 31, 2024 1,080 1,076 124 1,137 0 3,514 (3,699) 4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Comprehensive income (loss), net (641) (641)       (1,029) 388  
Cash dividends declared-common [3] (27) (27)       (27)    
Cash dividends declared-preferred [4] (14) (14)       (14)    
Proceeds from issuance of warrants [6] 11 11 2 9        
Stock option and incentive plans, net 39 39 2 37        
Transactions with noncontrolling interests 3             3
Distributions to noncontrolling interests (2)             (2)
Ending balance at Dec. 31, 2025 $ 449 $ 444 $ 128 $ 1,183 $ 0 $ 2,444 $ (3,311) $ 5
[1] Common Stock has a par value of $1 per share.
[2] AOCL - Accumulated other comprehensive loss.
[3] During the first quarter of 2025, the annual cash dividend on common stock was reduced to $0.50 per share from $1.00 per share, and the quarterly cash dividend was reduced from $0.25 per share to $0.125 per share. In the second quarter of 2025, the annual cash dividend on common stock was further reduced to $0.10 per share from $0.50 per share, and the quarterly cash dividend from $0.125 per share to $0.025 per share. Cash dividends declared on common stock for 2024 and 2023 were $1.00 per share on an annual basis and $0.25 per share on a quarterly basis, respectively.
[4] Cash dividends declared on preferred stock for 2025, 2024 and 2023 were $80 per share on an annual basis and $20 per share on a quarterly basis, respectively.
[5] The purchases of the capped calls in 2024 resulted in a tax benefit of approximately $6. Refer to Note 15 - Debt for additional information related to the purchases of capped calls in connection with the issuance of Xerox Holdings Corporation's $400 of 3.75% Convertible Senior Notes due 2030.
[6] Refer to the Unregistered Sales of Equity Securities section in Note 22 - Shareholders' Equity for additional information.