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XEROX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 495 $ 512
Accounts receivable, net [1] 1,185 1,122
Billed portion of finance receivables, net [1] 40 46
Finance receivables, net [1] 442 510
Inventories 1,043 1,016
Other current assets 492 362
Total current assets 3,697 3,568
Finance receivables due after one year, net [1] 732 846
Equipment on operating leases, net 283 299
Land, buildings and equipment, net 378 390
Intangible assets, net 857 921
Goodwill, net 2,234 2,222
Deferred tax assets 86 98
Other long-term assets 1,457 1,479
Total Assets 9,724 9,823
Liabilities and Equity    
Short-term debt and current portion of long-term debt 70 231
Financing liability – tariff receivables monetization 90 0
Accounts payable 1,456 1,498
Accrued compensation and benefits costs 246 235
Accrued expenses and other current liabilities 1,264 1,258
Total current liabilities 3,126 3,222
Long-term debt 4,153 4,016
Pension and other benefit liabilities 1,027 1,068
Post-retirement medical benefits 148 159
Other long-term liabilities 716 685
Total Liabilities 9,170 9,150
Commitments and Contingencies (See Note 21)
Noncontrolling Interests 10 10
Additional paid-in capital 1,200 1,183
Retained earnings 2,326 2,444
Accumulated other comprehensive loss (3,334) (3,311)
Xerox Holdings shareholders’ equity 323 444
Noncontrolling interests 7 5
Total Equity 330 449
Total Liabilities and Equity 9,724 9,823
Xerox Corporation    
Assets    
Cash and cash equivalents 493 511
Accounts receivable, net [2] 1,185 1,122
Billed portion of finance receivables, net [2] 40 46
Finance receivables, net [2] 442 510
Inventories 1,043 1,016
Other current assets 492 362
Total current assets 3,695 3,567
Finance receivables due after one year, net [2] 732 846
Equipment on operating leases, net 283 299
Land, buildings and equipment, net 378 390
Intangible assets, net 857 921
Goodwill, net 2,234 2,222
Deferred tax assets 86 98
Other long-term assets 1,407 1,438
Total Assets 9,672 9,781
Liabilities and Equity    
Short-term debt and current portion of long-term debt 58 110
Financing liability – tariff receivables monetization 90 0
Accounts payable 1,456 1,498
Accrued compensation and benefits costs 246 235
Accrued expenses and other current liabilities 1,254 1,245
Total current liabilities 3,116 3,209
Pension and other benefit liabilities 1,027 1,068
Post-retirement medical benefits 148 159
Other long-term liabilities 695 685
Total Liabilities 9,139 9,137
Commitments and Contingencies (See Note 21)
Noncontrolling Interests 10 10
Additional paid-in capital 3,505 3,492
Retained earnings 345 448
Accumulated other comprehensive loss (3,334) (3,311)
Xerox Holdings shareholders’ equity 516 629
Noncontrolling interests 7 5
Total Equity 523 634
Total Liabilities and Equity 9,672 9,781
Xerox Corporation | Related Party    
Liabilities and Equity    
Short-term related party debt 12 121
Long-term debt 1,670 1,872
Xerox Corporation | Nonrelated Party    
Liabilities and Equity    
Long-term debt $ 2,483 $ 2,144
[1] For additional information regarding the allowance for doubtful accounts refer to Note 7 - Accounts Receivable, Net and for additional information regarding the allowance for doubtful credit losses refer to Note 8 - Finance Receivables, Net.
[2] For additional information regarding the allowance for doubtful accounts refer to Note 7 - Accounts Receivable, Net and for additional information regarding the allowance for doubtful credit losses refer to Note 8 - Finance Receivables, Net.