Analyzing and Interpreting Income Components and Disclosures The income statement for Xerox Corporation follows.

Year ended December 31 (in millions) 2008 2007 2006 Revenues Sales Service, outsourcing and rentals $8,325 $8,192 $7,464 8,485 8,214 7,591 798 822840 17,608 17,228 15,895 Finance income Total Revenues Cost and expenses Cost of sales Cost of service, outsourcing and rentals Equipment financing interest Research, development, and engeineering expenses Selling, administrative and general expenses Restructuring and asset impairment charges Acquisition-related costs Amortization of intangible assets Other expenses, net Total Cost and Expenses Income (Loss) before Income Taxes, and Equity Income Income tax expenses (benefits) Equity in net income of unconsolidated affiliates Net income 5,519 5,254 4,803 4,929 4,7074,328 305 316 305 884912 922 4,534 4,312 4,008 (6) 385 429 54 1,033295336 17,687 15,790 15,087 (79) 1,438 808 (231) 400 (288) 97 114 113 265 1,135 1,210 11397114 Equity in net income of unconsolidated affiliates Net income Less: Net income attributable to noncontrolling interests Net Income attributable to Xerox 265 1,135 1,210 35 $230 $1,135 $1,210 Revenue in $ millions As % of Total Revenue 2008 2007 2006 2008 2007 2006 Sales Service outsourcing $ and rentals Total Revenues