Last summer, Reuters reported that XRX was considering selling its leasing unit that lends money to customers wanting to rent printers and office equipment.
Update with more information:
The financing unit accounts for about $3.4B of XRX's total debt of $5.2B as of the end of last year. The unit brought in about 4% of the overall $7.63B in FY18.
The company says its plans to simplify operations will lead to at least $640M in gross savings this year and $1.5B by 2021.
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