v3.26.3
XEROX CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Total Revenues $ 1,868 $ 1,961 $ 5,636 $ 4,994
Costs and Expenses        
Research, development and engineering expenses 56 74 187 159
Selling, administrative and general expenses 374 477 1,236 1,223
Goodwill impairment 959 0 959 0
Restructuring and related costs, net 14 59 82 68
Amortization of intangible assets 31 30 91 50
Divestitures 0 0 0 (4)
Non-financing interest expense [1],[2] 93 80 277 168
Other expenses (income), net [1] 24 25 (2) 85
Total Costs and Expenses 2,874 2,261 6,684 5,421
(Loss) before Income Taxes (1,006) (300) (1,048) (427)
Income tax expense 9 460 59 529
Net (Loss) (1,015) (760) (1,107) (956)
Sales        
Revenues        
Total Revenues 954 993 2,870 2,215
Costs and Expenses        
Cost of goods and services sold 652 788 1,831 1,650
Services, maintenance, rentals and other        
Revenues        
Total Revenues 914 968 2,766 2,779
Costs and Expenses        
Cost of goods and services sold 671 728 2,023 2,022
Xerox Corporation        
Revenues        
Total Revenues 1,868 1,961 5,636 4,994
Costs and Expenses        
Research, development and engineering expenses 56 74 187 159
Selling, administrative and general expenses 375 476 1,235 1,221
Goodwill impairment 959 0 959 0
Restructuring and related costs, net 14 59 82 68
Amortization of intangible assets 31 30 91 50
Divestitures 0 0 0 (4)
Other expenses (income), net [2] 20 24 (7) 80
Total Costs and Expenses 2,871 2,259 6,678 5,414
(Loss) before Income Taxes (1,003) (298) (1,042) (420)
Income tax expense 9 460 59 529
Net (Loss) (1,012) (758) (1,101) (949)
Xerox Corporation | Sales        
Revenues        
Total Revenues 954 993 2,870 2,215
Costs and Expenses        
Cost of goods and services sold 652 788 1,831 1,650
Xerox Corporation | Services, maintenance, rentals and other        
Revenues        
Total Revenues 914 968 2,766 2,779
Costs and Expenses        
Cost of goods and services sold $ 671 $ 728 $ 2,023 $ 2,022
[1] Prior year amounts have been reclassified to conform to the current year's presentation. Refer to Note 1 - Basis of Presentation for additional information
[2] Prior year amounts have been reclassified to conform to the current year's presentation. Refer to Note 1 - Basis of Presentation for additional information.