v3.26.1
Fair Value of Financial Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
The following table represents assets and liabilities measured at fair value on a recurring basis. With the exception of the warrants, whose basis for the measurement of fair value is Level 1 - Quoted Prices, the basis for measurement at fair value for all other assets and liabilities is Level 2 – Significant Other Observable Inputs. 
June 30,
2026		December 31,
2025
Assets
Derivatives(1)
$12 $8 
Deferred compensation plan investments in mutual funds13 12 
Total$25 $20 
Liabilities
Derivatives(1)
$22 $10 
Warrant(2)
21 — 
Deferred compensation plan liabilities12 11 
Total$55 $21 
____________
(1)Includes foreign currency derivative contracts. Refer to Note 13 - Financial Instruments for additional information regarding these derivatives.
(2)Refer to Note 16 - Shareholders' Equity of Xerox Holdings for additional information regarding the Warrant Dividend.
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:
June 30, 2026December 31, 2025
Carrying
Amount
Fair
Value
Carrying
Amount
Fair
Value
Cash and cash equivalents$495 $495 $512 $512 
Accounts receivable, net1,185 1,185 1,122 1,122 
Short-term debt and current portion of long-term debt(1)
70 74 231 236 
Long-term Debt
Xerox Holdings Corporation1,670 845 1,872 800 
Xerox Corporation2,096 1,613 2,142 1,676 
Xerox - Other Subsidiaries(2)
387 391 2 2 
Long-term debt$4,153 $2,849 $4,016 $2,478 
____________
(1)Includes $12 and $121 of Xerox Corporation related party debt for the period ended June 30, 2026 and December 31, 2025 respectively.
(2)Represents subsidiaries of Xerox Corporation