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XEROX CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(in millions)
Common
Stock
Additional
Paid-in
Capital
Treasury
Stock
Retained
Earnings AOCL(3)
Xerox
Shareholders’
Equity
Non-
controlling
Interests
Total
Equity
Balance at December 31, 2010 $ 1,398 $ 6,580 $ — $ 6,016 $ (1,988) $ 12,006 $ 153 $ 12,159
Comprehensive income, net — — — 1,295 (728) 567 32 599
Cash dividends declared-common stock(1) — — — (241) — (241) — (241)
Cash dividends declared-preferred stock(2) — — — (24) — (24) — (24)
Contribution of common stock to U.S. pension
plan 17 113 — — — 130 — 130
Stock option and incentive plans, net 11 128 — — — 139 — 139
Payments to acquire treasury stock, including
fees — — (701) — — (701) — (701)
Cancellation of treasury stock (73) (504) 577 — — — — —
Distributions to noncontrolling interests — — — — — — (36) (36)
Balance at December 31, 2011 $ 1,353 $ 6,317 $ (124) $ 7,046 $ (2,716) $ 11,876 $ 149 $ 12,025
Comprehensive income, net — — — 1,195 (511) 684 28 712
Cash dividends declared-common stock(1) — — — (226) — (226) — (226)
Cash dividends declared-preferred stock(2) — — — (24) — (24) — (24)
Contribution of common stock to U.S. pension
plan 15 115 — — — 130 — 130
Stock option and incentive plans, net 18 115 — — — 133 — 133
Payments to acquire treasury stock, including
fees — — (1,052) — — (1,052) — (1,052)
Cancellation of treasury stock (147) (925) 1,072 — — — — —
Distributions to noncontrolling interests — — — — — — (34) (34)
Balance at December 31, 2012 $ 1,239 $ 5,622 $ (104) $ 7,991 $ (3,227) $ 11,521 $ 143 $ 11,664
Comprehensive income, net — — — 1,159 448 1,607 19 1,626
Cash dividends declared-common stock(1) — — — (287) — (287) — (287)
Cash dividends declared-preferred stock(2) — — — (24) — (24) — (24)
Conversion of notes to common stock 1 8 — — — 9 — 9
Stock option and incentive plans, net 28 142 — — — 170 — 170
Payments to acquire treasury stock, including
fees — — (696) — — (696) — (696)
Cancellation of treasury stock (58) (490) 548 — — — — —
Distributions to noncontrolling interests — — — — — — (43) (43)
Balance at December 31, 2013 $ 1,210 $ 5,282 $ (252) $ 8,839 $ (2,779) $ 12,300 $ 119 $ 12,419
_______________
(1) Cash dividends declared on common stock of $0.0575 in each quarter of 2013 and $0.0425 in each quarter of 2012 and 2011.
(2) Cash dividends declared on preferred stock of $20 per share in each quarter of 2013, 2012 and 2011.
(3) AOCL - Accumulated other comprehensive loss.
The accompanying notes are an integral part of these Consolidated Financial Statements.
Xerox 2013 Annual Report 66