Xerox Holdings Corp
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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FY2024 · Filed Feb 24, 2025
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Schedule IIXerox Corporation Valuation and Qualifying Accounts
Schedule II Valuation and Qualifying Accounts
Receivables - Allowance for Doubtful Accounts:
| (in millions) | Balanceat beginningof period | Additionscharged to bad debt provision (1) | Amountscharged toother incomestatementaccounts (1) | Deductionsand other, netof recoveries (2) | Balanceat endof period |
|---|---|---|---|---|---|
| Accounts Receivable | $64 | $25 | $— | $(20) | $69 |
| Finance Receivables | 92 | 17 | 2 | (54) | 57 |
| $156 | $42 | $2 | $(74) | $126 | |
| Accounts Receivable | $52 | $22 | $6 | $(16) | $64 |
| Finance Receivables | 117 | 6 | 2 | (33) | 92 |
| $169 | $28 | $8 | $(49) | $156 | |
| Accounts Receivable | $58 | $17 | $(9) | $(14) | $52 |
| Finance Receivables | 118 | 26 | 2 | (29) | 117 |
| $176 | $43 | $(7) | $(43) | $169 |
(1)Bad debt provisions relate to estimated losses due to credit and similar collectibility issues. Other charges (credits) relate to adjustments to reserves necessary to reflect events of non-payment such as customer accommodations and contract terminations.
(2)Deductions and other, net of recoveries primarily relates to receivable write-offs, but also includes the impact of foreign currency translation adjustments and recoveries of previously written off receivables.
Deferred Tax Asset Valuation Allowances:
| (in millions) | Balance at beginning of period | Additions charged to income tax expense (benefit) | Amounts credited to other accounts (1) | Balanceat endof period |
|---|---|---|---|---|
| Year Ended December 31, 2024 | $375 | 195 | (59) | $511 |
| Year Ended December 31, 2023 | $366 | (4) | 13 | $375 |
| Year Ended December 31, 2022 | $357 | 7 | 2 | $366 |
(1)Reflects other increases (decreases) to our valuation allowance, including the effects of currency. These did not affect Income tax benefit in total as there was a corresponding adjustment to Deferred tax assets or Other comprehensive loss.
Xerox 2024 Annual Report 165
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