Xerox 2004 Annual Report Download - page 90

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88
Note 20 – Subsequent Event
In February 2005, we entered into an agreement to sell
our entire ownership interest in Integic Corporation
(“Integic”) for which we will receive an estimated $96
in cash at closing. The sale, which we expect to close
in the first half of 2005, is expected to result in a pre-
tax gain of approximately $92 ($57 after-tax). These
amounts, however, are subject to change based on
final closing adjustments, which are not expected to
be material. Our investment in Integic is currently
accounted for on the equity method and is included in
Investments in affiliates, at equity in our consolidated
balance sheets. Integic is an information technology
provider specializing in enterprise health and
business process management solutions.