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75Xerox 2011 Annual Report
The aging of our billed finance receivables is as follows:
December 31, 2011
Finance
Total Billed Unbilled Total Receivables
31–90 Days >90 Days Finance Finance Finance >90 Days
Current Past Due Past Due Receivables Receivables Receivables and Accruing
Finance and Other Services $ 18 $ 4 $ 1 $ 23 $ 866 $ 889 $ 15
Government and Education 21 5 2 28 817 845 29
Graphic Arts 16 2 1 19 479 498 7
Industrial 7 2 1 10 285 295 6
Healthcare 5 2 — 7 193 200 5
Other 8 1 — 9 257 266 4
Total United States 75 16 5 96 2,897 2,993 66
Canada 3 2 1 6 819 825 27
France 1 1 1 3 689 692 16
U.K./Ireland 3 2 3 8 409 417 4
Central(1) 7 2 3 12 869 881 46
Southern(2) 31 4 13 48 490 538 82
Nordics(3) 1 — — 1 101 102 —
Total Europe 43 9 20 72 2,558 2,630 148
Other 2 1 — 3 105 108 —
Total $ 123 $ 28 $ 26 $ 177 $ 6,379 $ 6,556 $ 241
December 31, 2010
Finance
Total Billed Unbilled Total Receivables
31–90 Days >90 Days Finance Finance Finance >90 Days
Current Past Due Past Due Receivables Receivables Receivables and Accruing
Finance and Other Services $ 23 $ 5 $ 2 $ 30 $ 921 $ 951 $ 23
Government and Education 26 6 3 35 842 877 40
Graphic Arts 21 3 1 25 495 520 16
Industrial 11 2 1 14 321 335 10
Healthcare 6 2 1 9 205 214 9
Other 8 2 — 10 270 280 8
Total United States 95 20 8 123 3,054 3,177 106
Canada 3 3 1 7 865 872 28
France 1 1 — 2 673 675 5
U.K./Ireland 4 1 1 6 415 421 7
Central(1) 9 2 4 15 898 913 39
Southern(2) 32 10 15 57 524 581 99
Nordics(3) 1 — — 1 115 116 2
Total Europe 47 14 20 81 2,625 2,706 152
Other 2 — — 2 64 66 —
Total $ 147 $ 37 $ 29 $ 213 $ 6,608 $ 6,821 $ 286
(1) Switzerland, Germany, Austria, Belgium and Holland.
(2) Italy, Greece, Spain and Portugal.
(3) Sweden, Norway, Denmark and Finland.
Notes to the Consolidated
Financial Statements
(in millions, except per-share data and where otherwise noted)