XML 85 R63.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per Share - Reconciliation (Details)
$ / shares in Units, shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 14, 2017
Jun. 30, 2017
USD ($)
$ / shares
shares
Mar. 31, 2017
USD ($)
$ / shares
Dec. 31, 2016
$ / shares
Sep. 30, 2016
$ / shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Mar. 31, 2016
$ / shares
Dec. 31, 2015
$ / shares
Sep. 30, 2015
$ / shares
Jun. 30, 2015
$ / shares
Mar. 31, 2015
$ / shares
Jun. 30, 2017
USD ($)
$ / shares
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
$ / shares
Schedule of Basic And Diluted Earnings [Line Items]                                
Stock Split, Conversion Ratio 0.25                              
Basic Earnings (Loss) per Share:                                
Net income from continuing operations attributable to Xerox   $ 166 $ 46     $ 196           $ 212 $ 262 $ 622 $ 822 $ 1,011
Adjusted Net income from continuing operations available to common shareholders   163       190           205 250      
Net loss from discontinued operations attributable to Xerox   0       (38)           (6) (73)      
Adjusted Net income available to common shareholders   $ 163       $ 152           $ 199 $ 177      
Weighted average common shares outstanding (in shares) | shares   254,193       253,321           254,107 253,291      
Continuing operations (dollars per share) | $ / shares   $ 0.64 $ 0.17 $ 0.71 $ 0.66 $ 0.75 [1] $ 0.24 $ 0.97 $ 0.75 $ 0.72 $ 0.58 $ 0.81 $ 0.99 [1] $ 2.36 $ 3.00 $ 3.42
Discontinued operations (dollars per share) | $ / shares   0.00       (0.15) [1]           (0.03) (0.29) [1]      
Total Basic Earnings per Share | $ / shares   $ 0.64 $ 0.14 (3.35) 0.69 $ 0.60 [1] 0.10 1.03 (0.16) 0.01 0.72 $ 0.78 $ 0.70 [1] $ (1.95) $ 1.59 $ 3.37
Diluted Earnings (Loss) per Share:                                
Net income from continuing operations attributable to Xerox   $ 166 $ 46     $ 196           $ 212 $ 262 $ 622 $ 822 $ 1,011
Adjusted Net income from continuing operations available to common shareholders   166       190           205 250      
Net loss from discontinued operations attributable to Xerox   0       (38)           (6) (73)      
Adjusted Net income available to common shareholders   $ 166       $ 152           $ 199 $ 177      
Weighted average common shares outstanding (in shares) | shares   254,193       253,321           254,107 253,291      
Common shares issuable with respect to:                                
Adjusted Weighted Average Common Shares Outstanding - Diluted (in shares) | shares   263,210       255,505           256,297 255,289      
Continuing operations (dollars per share) | $ / shares   $ 0.63 $ 0.16 0.70 0.66 $ 0.75 [1] 0.23 0.96 0.75 0.71 0.57 $ 0.80 $ 0.98 [1] $ 2.33 $ 2.97 $ 3.37
Discontinued operations (dollars per share) | $ / shares   0.00       (0.15) [1]           (0.02) (0.28) [1]      
Total Diluted Earnings per Share | $ / shares   $ 0.63 $ 0.14 $ (3.30) $ 0.69 $ 0.60 [1] $ 0.10 $ 1.02 $ (0.16) $ 0.01 $ 0.71 $ 0.78 $ 0.70 [1] $ (1.93) $ 1.58 $ 3.32
Stock options [Member]                                
Common shares issuable with respect to:                                
Stock options and Restricted stock and performance shares (in shares) | shares   0       205           0 209      
Restricted Stock and Performance Shares [Member]                                
Common shares issuable with respect to:                                
Stock options and Restricted stock and performance shares (in shares) | shares   2,275       1,979           2,190 1,789      
Convertible Preferred Stock [Member]                                
Common shares issuable with respect to:                                
Convertible preferred stock (in shares) | shares   6,742       0           0 0      
Earnings (loss) per share, basic [Member]                                
Basic Earnings (Loss) per Share:                                
Accrued dividends on preferred stock   $ (3)       $ (6)           $ (7) $ (12)      
Earnings (loss) per share, diluted [Member]                                
Basic Earnings (Loss) per Share:                                
Accrued dividends on preferred stock   $ 0       $ (6)           $ (7) $ (12)      
[1] Reflects our one-for-four reverse stock split that became effective on June 14, 2017. Refer to Note 1 - Basis of Presentation for further information.