XEROX CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 449	$ 576
Accounts receivable (net of allowance)	862	796
Billed portion of finance receivables (net of allowance)	46	48
Finance receivables, net	584	608
Inventories	871	695
Other current assets	731	212
Total current assets	3,543	2,935
Finance receivables due after one year, net	990	1,089
Equipment on operating leases, net	249	245
Land, buildings and equipment, net	187	251
Intangible assets, net	222	236
Goodwill, net	1,984	1,937
Deferred tax assets	551	615
Other long-term assets	1,148	1,057
Total Assets	8,874	8,365
Liabilities and Equity
Short-term debt and current portion of long-term debt	458	585
Accounts payable	1,080	1,023
Accrued compensation and benefits costs	182	227
Accrued expenses and other current liabilities	706	784
Total current liabilities	2,426	2,619
Long-term debt	3,484	2,814
Pension and other benefit liabilities	1,083	1,088
Post-retirement medical benefits	153	154
Other long-term liabilities	377	386
Total Liabilities	7,523	7,061
Commitments and Contingencies (See Note 20)
Noncontrolling Interests	10	10
Additional paid-in capital	1,154	1,137
Retained earnings	3,290	3,514
Accumulated other comprehensive loss	(3,448)	(3,699)
Xerox Holdings shareholders’ equity	1,122	1,076
Noncontrolling interests	5	4
Total Equity	1,127	1,080
Total Liabilities and Equity	8,874	8,365
XEROX CORPORATION
Assets
Cash and cash equivalents	446	575
Accounts receivable (net of allowance)	862	796
Billed portion of finance receivables (net of allowance)	46	48
Finance receivables, net	584	608
Inventories	871	695
Other current assets	731	212
Total current assets	3,540	2,934
Finance receivables due after one year, net	990	1,089
Equipment on operating leases, net	249	245
Land, buildings and equipment, net	187	251
Intangible assets, net	222	236
Goodwill, net	1,984	1,937
Deferred tax assets	551	615
Other long-term assets	1,109	1,017
Total Assets	8,832	8,324
Liabilities and Equity
Short-term debt and current portion of long-term debt	160	197
Accounts payable	1,080	1,023
Accrued compensation and benefits costs	182	227
Accrued expenses and other current liabilities	693	741
Total current liabilities	2,413	2,576
Pension and other benefit liabilities	1,083	1,088
Post-retirement medical benefits	153	154
Other long-term liabilities	377	386
Total Liabilities	7,510	7,018
Commitments and Contingencies (See Note 20)
Noncontrolling Interests	10	10
Additional paid-in capital	3,468	3,487
Retained earnings	1,287	1,504
Accumulated other comprehensive loss	(3,448)	(3,699)
Xerox Holdings shareholders’ equity	1,307	1,292
Noncontrolling interests	5	4
Total Equity	1,312	1,296
Total Liabilities and Equity	8,832	8,324
XEROX CORPORATION | Related Party
Liabilities and Equity
Short-term related party debt	298	388
Long-term debt	1,636	1,634
XEROX CORPORATION | Nonrelated Party
Liabilities and Equity
Long-term debt	$ 1,848	$ 1,180