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XEROX HOLDINGS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) shares in Thousands, $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 479	$ 576
Accounts receivable (net of allowance)	1,196	796
Billed portion of finance receivables (net of allowance)	53	48
Finance receivables, net	553	608
Inventories	1,143	695
Other current assets	329	212
Total current assets	3,753	2,935
Finance receivables due after one year (net of allowance)	950	1,089
Equipment on operating leases, net	300	245
Land, buildings and equipment, net	427	251
Intangible assets, net	954	236
Goodwill, net	2,182	1,937
Deferred tax assets	101	615
Other long-term assets	1,401	1,057
Total Assets	10,068	8,365
Liabilities and Equity
Short-term debt and current portion of long-term debt	354	585
Accounts payable	1,481	1,023
Accrued compensation and benefits costs	247	227
Accrued expenses and other current liabilities	1,317	784
Total current liabilities	3,399	2,619
Long-term debt	4,052	2,814
Pension and other benefit liabilities	1,150	1,088
Post-retirement medical benefits	168	154
Other long-term liabilities	705	386
Total Liabilities	9,474	7,061
Commitments and Contingencies (See Note 21)
Noncontrolling Interests	10	10
Convertible Preferred Stock	214	214
Common stock	128	124
Additional paid-in capital	1,171	1,137
Retained earnings	2,523	3,514
Accumulated other comprehensive loss	(3,457)	(3,699)
Xerox Holdings shareholders’ equity	365	1,076
Noncontrolling interests	5	4
Total Equity	370	1,080
Total Liabilities and Equity	$ 10,068	$ 8,365
Shares of Common Stock Issued (in shares)	128,018	124,435
Shares of Common Stock Outstanding (in shares)	128,018	124,435

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Xerox Holdings Corp 10-Q