Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities
Net Income	$ 27	$ 184	$ 25	$ 320
Income from discontinued operations, net of tax	0	(42)	0	(93)
Income from Continuing Operations	27	142	25	227
Adjustments required to reconcile Net income to Cash flows from operating activities
Depreciation and amortization	88	110	182	228
Provisions	21	20	101	42
Net gain on sales of businesses and assets	0	0	(1)	(1)
Stock-based compensation	13	15	24	30
Restructuring and asset impairment charges	(2)	18	27	72
Payments for restructurings	(17)	(21)	(52)	(54)
Defined benefit pension cost	13	32	37	68
Contributions to defined benefit pension plans	(31)	(36)	(64)	(70)
Decrease (increase) in accounts receivable and billed portion of finance receivables	262	(29)	428	9
(Increase) decrease in inventories	(99)	64	(225)	16
Increase in equipment on operating leases	(23)	(42)	(55)	(72)
Decrease in finance receivables	97	38	190	119
Decrease (increase) in other current and long-term assets	1	17	(15)	15
Decrease in accounts payable	(210)	(14)	(159)	(46)
Decrease in accrued compensation	(21)	(10)	(129)	(83)
Decrease in other current and long-term liabilities	(92)	(54)	(130)	(7)
Net change in income tax assets and liabilities	13	10	3	(11)
Net change in derivative assets and liabilities	(10)	2	(2)	10
Other operating, net	4	14	22	6
Net cash provided by operating activities of continuing operations	34	276	207	498
Net cash provided by operating activities of discontinued operations	0	37	0	41
Net cash provided by operating activities	34	313	207	539
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software	(19)	(16)	(42)	(31)
Proceeds from sales of business and assets	0	0	2	1
Acquisitions, net of cash acquired	0	(38)	(193)	(42)
Other investing, net	1	0	1	0
Net cash used in investing activities	(18)	(54)	(232)	(72)
Cash Flows from Financing Activities
Net payments on short-term debt	0	(2)	0	0
Proceeds from issuance of long-term debt	3	3	5	5
Payments on long-term debt	(313)	0	(313)	(406)
Dividends	(57)	(60)	(115)	(122)
Payments to acquire treasury stock, including fees	0	(197)	0	(300)
Other financing, net	(5)	(21)	(9)	(23)
Net cash used in financing activities	(372)	(277)	(432)	(846)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	5	8	(24)	7
Decrease in cash, cash equivalents and restricted cash	(351)	(10)	(481)	(372)
Cash, cash equivalents and restricted cash at beginning of period	2,665	786	2,795	1,148
Cash, Cash Equivalents and Restricted Cash at End of Period	2,314	776	2,314	776
XEROX CORPORATION
Cash Flows from Operating Activities
Net Income	27	184	25	320
Income from discontinued operations, net of tax	0	(42)	0	(93)
Income from Continuing Operations	27	142	25	227
Adjustments required to reconcile Net income to Cash flows from operating activities
Depreciation and amortization	88	110	182	228
Provisions	21	20	101	42
Net gain on sales of businesses and assets	0	0	(1)	(1)
Stock-based compensation	13	15	24	30
Restructuring and asset impairment charges	(2)	18	27	72
Payments for restructurings	(17)	(21)	(52)	(54)
Defined benefit pension cost	13	32	37	68
Contributions to defined benefit pension plans	(31)	(36)	(64)	(70)
Decrease (increase) in accounts receivable and billed portion of finance receivables	262	(29)	428	9
(Increase) decrease in inventories	(99)	64	(225)	16
Increase in equipment on operating leases	(23)	(42)	(55)	(72)
Decrease in finance receivables	97	38	190	119
Decrease (increase) in other current and long-term assets	1	17	(15)	15
Decrease in accounts payable	(210)	(14)	(159)	(46)
Decrease in accrued compensation	(21)	(10)	(129)	(83)
Decrease in other current and long-term liabilities	(92)	(54)	(130)	(7)
Net change in income tax assets and liabilities	13	10	3	(11)
Net change in derivative assets and liabilities	(10)	2	(2)	10
Other operating, net	4	14	22	6
Net cash provided by operating activities of continuing operations	34	276	207	498
Net cash provided by operating activities of discontinued operations	0	37	0	41
Net cash provided by operating activities	34	313	207	539
Cash Flows from Investing Activities
Cost of additions to land, buildings, equipment and software	(19)	(16)	(42)	(31)
Proceeds from sales of business and assets	0	0	2	1
Acquisitions, net of cash acquired	0	(38)	(193)	(42)
Other investing, net	1	0	1	0
Net cash used in investing activities	(18)	(54)	(232)	(72)
Cash Flows from Financing Activities
Net payments on short-term debt	0	(2)	0	0
Proceeds from issuance of long-term debt	3	3	5	5
Payments on long-term debt	(313)	0	(313)	(406)
Dividends	0	(60)	0	(122)
Payments to acquire treasury stock, including fees	0	(197)	0	(300)
Distributions to parent	(67)	0	(125)	0
Other financing, net	5	(21)	1	(23)
Net cash used in financing activities	(372)	(277)	(432)	(846)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	5	8	(24)	7
Decrease in cash, cash equivalents and restricted cash	(351)	(10)	(481)	(372)
Cash, cash equivalents and restricted cash at beginning of period	2,665	786	2,795	1,148
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 2,314	$ 776	$ 2,314	$ 776