v3.26.3
Shareholder's (Deficit) Equity of Xerox (Tables)
 9 Months Ended
Sep. 30, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Shareholder's (Deficit) Equity of Xerox
The shareholders' (deficit) 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 (Deficit)
Non-controlling
Interests
Total Equity
 (Deficit)
Balance at June 30, 2026$131 $1,200 $2,326 $(3,334)$323 $7 $330 
Comprehensive (loss) income, net— — (1,015)3 (1,012)— (1,012)
Cash dividends declared - common(3)
— — (4)— (4)— (4)
Cash dividends declared - preferred(4)
— — (4)— (4)— (4)
Exercises of stock warrants(5)
1 3 — — 4 — 4 
Stock option and incentive plans, net1 9 — — 10 — 10 
Distributions to noncontrolling interests— — — — — (1)(1)
Balance at September 30, 2026$133 $1,212 $1,303 $(3,331)$(683)$6 $(677)
Common
Stock(1)
Additional
Paid-in
Capital
Retained
Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity
Non-
controlling
Interests
Total
Equity
Balance at June 30, 2025$126 $1,154 $3,290 $(3,448)$1,122 $5 $1,127 
Comprehensive (loss), net— — (760)(9)(769)— (769)
Cash dividends declared - common(3)
— — (3)— (3)— (3)
Cash dividends declared - preferred(4)
— — (4)— (4)— (4)
Proceeds from issuance of warrants2 9 — — 11 — 11 
Stock option and incentive plans, net— 8 — — 8 — 8 
Transactions with noncontrolling interests— — — — — 1 1 
Distributions to noncontrolling interests— — — — — (1)(1)
Balance at September 30, 2025$128 $1,171 $2,523 $(3,457)$365 $5 $370 
Common
Stock(1)
Additional Paid-in CapitalRetained Earnings
AOCL(2)
Xerox Holdings
Shareholders’
Equity (Deficit)		Non-controlling InterestsTotal Equity
 (Deficit)
Balance at December 31, 2025$128 $1,183 $2,444 $(3,311)$444 $5 $449 
Comprehensive (loss), net— — (1,107)(20)(1,127)— (1,127)
Cash dividends declared - common(3)
— — (11)— (11)— (11)
Cash dividends declared - preferred(4)
— — (11)— (11)— (11)
Distribution of stock warrants(5)
— — (12)— (12)— (12)
Exercises of stock warrants1 3 — — 4 — 4 
Stock option and incentive plans, net4 26 — — 30 — 30 
Transactions with noncontrolling interests— — — — — 2 2 
Distributions to noncontrolling interests— — — — — (1)(1)
Balance at September 30, 2026$133 $1,212 $1,303 $(3,331)$(683)$6 $(677)
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— — (956)242 (714)— (714)
Cash dividends declared - common(3)
— — (24)— (24)— (24)
Cash dividends declared - preferred(4)
— — (11)— (11)— (11)
Proceeds from issuance of warrants2 9 — — 11 — 11 
Stock option and incentive plans, net2 25 — — 27 — 27 
Transactions with noncontrolling interests— — — — — 3 3 
Distributions to noncontrolling interests— — — — — (2)(2)
Balance at September 30, 2025$128 $1,171 $2,523 $(3,457)$365 $5 $370 
____________
(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 September 30, 2026 and 2025 were $0.025 per share, respectively and $0.075 per share and $0.175 per share for the nine months ended September 30, 2026 and 2025, respectively.
(4)Cash dividends declared on preferred stock for the three months ended September 30, 2026 and 2025 were $20.00 per share, respectively, and for the nine months ended September 30, 2026 and 2025 were $60.00 per share, respectively.
(5)Refer to the Warrant Dividend section below for additional information.
The shareholder's (deficit) equity information presented below reflects the consolidated activity of Xerox.
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox
Shareholder's
Equity (Deficit)		Non- controlling InterestsTotal
Equity (Deficit)
Balance at June 30, 2026$3,505 $345 $(3,334)$516 $7 $523 
Comprehensive (loss) income, net— (1,012)3 (1,009)— (1,009)
Dividends declared to parent— (7)— (7)— (7)
Transfers from parent8 — — 8 — 8 
Distributions to noncontrolling interests— — — — (1)(1)
Balance at September 30, 2026$3,513 $(674)$(3,331)$(492)$6 $(486)
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox Shareholder's Equity
Non-
controlling
Interests
Total
Equity
Balance at June 30, 2025$3,468 $1,287 $(3,448)$1,307 $5 $1,312 
Comprehensive (loss), net— (758)(9)(767)— (767)
Dividends declared to parent— (7)— (7)— (7)
Transfers from parent16 — — 16 1 17 
Transactions with noncontrolling interests— — — — (1)(1)
Balance at September 30, 2025$3,484 $522 $(3,457)$549 $5 $554 
Additional Paid-in CapitalRetained Earnings
AOCL(1)
Xerox
Shareholder's
Equity (Deficit)		Non- controlling InterestsTotal
Equity (Deficit)
Balance at December 31, 2025$3,492 $448 $(3,311)$629 $5 $634 
Comprehensive (loss), net— (1,101)(20)(1,121)— (1,121)
Dividends declared to parent— (21)— (21)— (21)
Transfers from parent21 — — 21 — 21 
Transactions with noncontrolling interests— — — — 2 2 
Distributions to noncontrolling interests— — — — (1)(1)
Balance at September 30, 2026
$3,513 $(674)$(3,331)$(492)$6 $(486)
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— (949)242 (707)— (707)
Dividends declared to parent— (33)— (33)— (33)
Transfers to parent(3)— — (3)— (3)
Transactions with noncontrolling interests— — — — 3 3 
Distributions to noncontrolling interests— — — — (2)(2)
Balance at September 30, 2025
$3,484 $522 $(3,457)$549 $5 $554 
_____________
(1)Refer to Note 18 - Other Comprehensive Income (Loss) for the components of AOCL.