v3.26.1
Shareholder's Equity of Xerox (Tables)
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Shareholder's Equity of Xerox
The shareholders' equity information presented below reflects the consolidated activity of Xerox Holdings.
Common
Stock(1)
Additional
Paid-in
Capital
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-controlling
Interests
Total
Equity
Balance at March 31, 2026$131 $1,192 $2,320 $(3,344)$299 $6 $305 
Comprehensive income, net— — 13 10 23 — 23 
Cash dividends declared - common(3)
— — (4)— (4)— (4)
Cash dividends declared - preferred(4)
— — (3)— (3)— (3)
Stock option and incentive plans, net— 8 — — 8 — 8 
Transactions with noncontrolling interests— — — — — 1 1 
Balance at June 30, 2026$131 $1,200 $2,326 $(3,334)$323 $7 $330 
Common
Stock(1)
Additional
Paid-in
Capital
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-
controlling
Interests
Total
Equity
Balance at March 31, 2025$126 $1,141 $3,403 $(3,617)$1,053 $4 $1,057 
Comprehensive (loss) income, net— — (106)169 63 — 63 
Cash dividends declared - common(3)
— — (4)— (4)— (4)
Cash dividends declared - preferred(4)
— — (3)— (3)— (3)
Stock option and incentive plans, net— 13 — — 13 — 13 
Transactions with noncontrolling interests— — — — — 1 1 
Balance at June 30, 2025$126 $1,154 $3,290 $(3,448)$1,122 $5 $1,127 
Common
Stock(1)
Additional Paid-in CapitalRetained Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon-controlling Interests
Total
Equity
Balance at December 31, 2025$128 $1,183 $2,444 $(3,311)$444 $5 $449 
Comprehensive (loss), net— — (92)(23)(115)— (115)
Cash dividends declared - common(3)
— — (7)— (7)— (7)
Cash dividends declared - preferred(4)
— — (7)— (7)— (7)
Distribution of stock warrants(5)
— — (12)— (12)— (12)
Stock option and incentive plans, net3 17 — — 20 — 20 
Transactions with noncontrolling interests— — — — — 2 2 
Balance at June 30, 2026$131 $1,200 $2,326 $(3,334)$323 $7 $330 
Common
Stock(1)
Additional Paid-in CapitalRetained Earnings
AOCL(2)
Xerox Holdings Shareholders’ EquityNon-controlling Interests
Total
Equity
Balance at December 31, 2024$124 $1,137 $3,514 $(3,699)$1,076 $4 $1,080 
Comprehensive (loss) income, net— — (196)251 55 — 55 
Cash dividends declared - common(3)
— — (21)— (21)— (21)
Cash dividends declared - preferred(4)
— — (7)— (7)— (7)
Stock option and incentive plans, net2 17 — — 19 — 19 
Transactions with noncontrolling interests— — — — — 2 2 
Distributions to noncontrolling interests— — — — — (1)(1)
Balance at June 30, 2025$126 $1,154 $3,290 $(3,448)$1,122 $5 $1,127 
____________
(1)Common Stock has a par value of $1 per share.
(2)Refer to Note 18 - Other Comprehensive Income (Loss) for the components of AOCL.
(3)Cash dividends declared on common stock for the three months ended June 30, 2026 and 2025 were $0.025 per share and $0.025 per share, respectively and $0.05 per share and $0.15 per share for the six months ended June 30, 2026 and 2025, respectively.
(4)Cash dividends declared on preferred stock for the three and six months ended June 30, 2026 and 2025 were $20.00 and $40.00 per share, respectively.
(5)Refer to the Warrant Dividend section below for additional information.
The shareholder's equity information presented below reflects the consolidated activity of Xerox.
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at March 31, 2026$3,491 $336 $(3,344)$483 $6 $489 
Comprehensive income, net— 16 10 26 — 26 
Dividends declared to parent— (7)— (7)— (7)
Transfers from parent14 — — 14 — 14 
Investment from noncontrolling interests— — — — 1 1 
Balance at June 30, 2026$3,505 $345 $(3,334)$516 $7 $523 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's Equity
Non-
controlling
Interests
Total
Equity
Balance at March 31, 2025$3,474 $1,397 $(3,617)$1,254 $4 $1,258 
Comprehensive (loss) income, net— (104)169 65 — 65 
Dividends declared to parent— (6)— (6)— (6)
Transfers to parent(6)— — (6)— (6)
Transactions with noncontrolling interests— — — — 1 1 
Balance at June 30, 2025$3,468 $1,287 $(3,448)$1,307 $5 $1,312 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at December 31, 2025$3,492 $448 $(3,311)$629 $5 $634 
Comprehensive (loss), net— (89)(23)(112)— (112)
Dividends declared to parent— (14)— (14)— (14)
Transfers from parent13 — — 13 — 13 
Transactions with noncontrolling interests— — — — 2 2 
Balance at June 30, 2026
$3,505 $345 $(3,334)$516 $7 $523 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's EquityNon- controlling Interests
Total
Equity
Balance at December 31, 2024$3,487 $1,504 $(3,699)$1,292 $4 $1,296 
Comprehensive (loss) income, net— (191)251 60 — 60 
Dividends declared to parent— (26)— (26)— (26)
Transfers to parent(19)— — (19)— (19)
Transactions with noncontrolling interests— — — — 2 2 
Distributions to noncontrolling interests— — — — (1)(1)
Balance at June 30, 2025
$3,468 $1,287 $(3,448)$1,307 $5 $1,312 
_____________
(1)Refer to Note 18 - Other Comprehensive Income (Loss) for the components of AOCL.