Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Cash Flows from Operating Activities
Net (Loss) Income		$ (2)	$ 136
Income from discontinued operations, net of tax		0	(51)
(Loss) Income from Continuing Operations		(2)	85
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities
Depreciation and amortization		94	118
Provisions		80	22
Net gain on sales of businesses and assets		(1)	(1)
Stock-based compensation		11	15
Restructuring and asset impairment charges		29	54
Payments for restructurings		(35)	(33)
Defined benefit pension cost		24	36
Contributions to defined benefit pension plans		(33)	(34)
Decrease in accounts receivable and billed portion of finance receivables		166	38
Increase in inventories		(126)	(48)
Increase in equipment on operating leases		(32)	(30)
Decrease in finance receivables		93	81
Increase in other current and long-term assets		(16)	(2)
Increase (decrease) in accounts payable		51	(32)
Decrease in accrued compensation		(108)	(73)
(Decrease) increase in other current and long-term liabilities		(38)	47
Net change in income tax assets and liabilities		(10)	(21)
Net change in derivative assets and liabilities		8	8
Other operating, net		18	(8)
Net cash provided by operating activities of continuing operations		173	222
Net cash provided by operating activities of discontinued operations		0	4
Net cash provided by operating activities		173	226
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software		(23)	(15)
Proceeds from sales of businesses and assets		2	1
Acquisitions, net of cash acquired		(193)	(4)
Net cash used in investing activities		(214)	(18)
Cash Flows from Financing Activities
Net proceeds on short-term debt		0	2
Proceeds from issuance of long-term debt		2	2
Payments on long-term debt		0	(406)
Dividends		(58)	(62)
Payments to acquire treasury stock, including fees		0	(103)
Other financing, net		(4)	(2)
Net cash used in financing activities		(60)	(569)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(29)	(1)
Decrease in cash, cash equivalents and restricted cash		(130)	(362)
Cash, cash equivalents and restricted cash at beginning of period		2,795	1,148
Cash, cash equivalents and restricted cash at end of period	[1]	2,665	786
Cash, cash equivalents and restricted cash, discontinued operations			1
XEROX CORPORATION
Cash Flows from Operating Activities
Net (Loss) Income		(2)	136
Income from discontinued operations, net of tax		0	(51)
(Loss) Income from Continuing Operations		(2)	85
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities
Depreciation and amortization		94	118
Provisions		80	22
Net gain on sales of businesses and assets		(1)	(1)
Stock-based compensation		11	15
Restructuring and asset impairment charges		29	54
Payments for restructurings		(35)	(33)
Defined benefit pension cost		24	36
Contributions to defined benefit pension plans		(33)	(34)
Decrease in accounts receivable and billed portion of finance receivables		166	38
Increase in inventories		(126)	(48)
Increase in equipment on operating leases		(32)	(30)
Decrease in finance receivables		93	81
Increase in other current and long-term assets		(16)	(2)
Increase (decrease) in accounts payable		51	(32)
Decrease in accrued compensation		(108)	(73)
(Decrease) increase in other current and long-term liabilities		(38)	47
Net change in income tax assets and liabilities		(10)	(21)
Net change in derivative assets and liabilities		8	8
Other operating, net		18	(8)
Net cash provided by operating activities of continuing operations		173	222
Net cash provided by operating activities of discontinued operations		0	4
Net cash provided by operating activities		173	226
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software		(23)	(15)
Proceeds from sales of businesses and assets		2	1
Acquisitions, net of cash acquired		(193)	(4)
Net cash used in investing activities		(214)	(18)
Cash Flows from Financing Activities
Net proceeds on short-term debt		0	2
Proceeds from issuance of long-term debt		2	2
Payments on long-term debt		0	(406)
Dividends		0	(62)
Payments to acquire treasury stock, including fees		0	(103)
Other financing, net		(4)	(2)
Net cash used in financing activities		(60)	(569)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(29)	(1)
Decrease in cash, cash equivalents and restricted cash		(130)	(362)
Cash, cash equivalents and restricted cash at beginning of period		2,795	1,148
Cash, cash equivalents and restricted cash at end of period	[1]	2,665	786
Cash, cash equivalents and restricted cash, discontinued operations		1
XEROX CORPORATION | Xerox Holdings Corporation
Cash Flows from Financing Activities
Dividends		$ (58)	$ 0

[1] Balance at March 31, 2019 includes $1 associated with discontinued operations.