Xerox 2007 Annual Report Download - page 100
Download and view the complete annual report
Please find page 100 of the 2007 Xerox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
 |
 |
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per-share data and unless otherwise indicated)
Note 7 – Investments in Affiliates, at Equity
Investments in corporate joint ventures and other
companies in which we generally have a 20% to 50%
ownership interest at December 31, 2007 and 2006 were
as follows (in millions):
2007 2006
Fuji Xerox .............................. $887 $834
All other equity investments ............. 45 40
Investments in affiliates, at equity ...... $932 $874
Fuji Xerox is headquartered in Tokyo and operates in
Japan, China, Australia, New Zealand and other areas of
the Pacific Rim. Our investment in Fuji Xerox of $887 at
December 31, 2007, differs from our implied 25% interest
in the underlying net assets, or $972, due primarily to our
deferral of gains resulting from sales of assets by us to Fuji
Xerox, partially offset by goodwill related to the Fuji Xerox
investment established at the time we acquired our
remaining 20% of Xerox Limited from The Rank Group
plc.
Our equity in net income of our unconsolidated
affiliates for the three years ended December 31, 2007
was as follows:
2007 2006 2005
Fuji Xerox ........................ $89 $107 $90
Other investments ................ 8 7 8
Total ........................ $97 $114 $98
Equity in net income of Fuji Xerox is affected by
certain adjustments to reflect the deferral of profit
associated with intercompany sales. These adjustments
may result in recorded equity income that is different than
that implied by our 25% ownership interest. Equity
income for 2007 includes after-tax restructuring charges
of $30 primarily reflecting employee related costs as part
of Fuji Xerox’s continued cost-reduction actions to
improve its competitive position.
98