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XEROX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 412 $ 512
Accounts receivable, net [1] 1,153 1,122
Billed portion of finance receivables, net [1] 36 46
Finance receivables, net [1] 438 510
Inventories 1,063 1,016
Other current assets 536 362
Total current assets 3,638 3,568
Finance receivables due after one year, net [1] 735 846
Equipment on operating leases, net 272 299
Land, buildings and equipment, net 365 390
Intangible assets, net 827 921
Goodwill, net 1,273 2,222
Deferred tax assets 83 98
Other long-term assets 1,449 1,479
Total Assets 8,642 9,823
Liabilities and (Deficit) Equity    
Short-term debt and current portion of long-term debt 157 231
Financing liability – tariff receivables monetization 81 0
Accounts payable 1,484 1,498
Accrued compensation and benefits costs 217 235
Accrued expenses and other current liabilities 1,262 1,258
Total current liabilities 3,201 3,222
Long-term debt 4,063 4,016
Pension and other benefit liabilities 989 1,068
Post-retirement medical benefits 146 159
Other long-term liabilities 696 685
Total Liabilities 9,095 9,150
Commitments and Contingencies (See Note 21)
Noncontrolling Interests 10 10
Additional paid-in capital 1,212 1,183
Retained earnings 1,303 2,444
Accumulated other comprehensive (loss) (3,331) (3,311)
Xerox Holdings shareholders’ (deficit) equity (683) 444
Noncontrolling interests 6 5
Total (Deficit) Equity (677) 449
Total Liabilities and (Deficit) Equity 8,642 9,823
Xerox Corporation    
Assets    
Cash and cash equivalents 410 511
Accounts receivable, net [2] 1,153 1,122
Billed portion of finance receivables, net [2] 36 46
Finance receivables, net [2] 438 510
Inventories 1,063 1,016
Other current assets 536 362
Total current assets 3,636 3,567
Finance receivables due after one year, net [2] 735 846
Equipment on operating leases, net 272 299
Land, buildings and equipment, net 365 390
Intangible assets, net 827 921
Goodwill, net 1,273 2,222
Deferred tax assets 83 98
Other long-term assets 1,397 1,438
Total Assets 8,588 9,781
Liabilities and (Deficit) Equity    
Short-term debt and current portion of long-term debt 139 110
Financing liability – tariff receivables monetization 81 0
Accounts payable 1,484 1,498
Accrued compensation and benefits costs 217 235
Accrued expenses and other current liabilities 1,252 1,245
Total current liabilities 3,191 3,209
Pension and other benefit liabilities 989 1,068
Post-retirement medical benefits 146 159
Other long-term liabilities 675 685
Total Liabilities 9,064 9,137
Commitments and Contingencies (See Note 21)
Noncontrolling Interests 10 10
Additional paid-in capital 3,513 3,492
Retained earnings (674) 448
Accumulated other comprehensive (loss) (3,331) (3,311)
Xerox Holdings shareholders’ (deficit) equity (492) 629
Noncontrolling interests 6 5
Total (Deficit) Equity (486) 634
Total Liabilities and (Deficit) Equity 8,588 9,781
Xerox Corporation | Related Party    
Liabilities and (Deficit) Equity    
Short-term related party debt 18 121
Long-term debt 1,658 1,872
Xerox Corporation | Nonrelated Party    
Liabilities and (Deficit) Equity    
Long-term debt $ 2,405 $ 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.