Policy

Weighted-average assumptions used to determine benefit obligations at the plan measurement dates:



	Pension Benefits
	2013				2012				2011
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.8	%	4.2	%	3.7	%	4.0	%	4.8	%	4.6	%
Rate of compensation increase	0.2	%	2.7	%	0.2	%	2.6	%	3.5	%	2.7	%



	Retiree Health
	2013		2012		2011
Discount rate	4.5	%	3.6	%	4.5	%

Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31:



	Pension Benefits
	2014				2013				2012				2011
	U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.		U.S.		Non-U.S.
Discount rate	4.8	%	4.2	%	3.7	%	4.0	%	4.8	%	4.6	%	5.1	%	5.3	%
Expected return on plan assets	7.8	%	6.1	%	7.8	%	6.1	%	7.8	%	6.2	%	8.3	%	6.6	%
Rate of compensation increase	0.2	%	2.7	%	0.2	%	2.6	%	3.5	%	2.7	%	3.5	%	2.7	%



	Retiree Health
	2014		2013		2012		2011
Discount rate	4.5	%	3.6	%	4.5	%	4.9	%

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Note: Expected return on plan assets is not applicable to retiree health benefits as these plans are not funded. Rate of compensation increase is not applicable to retiree health benefits as compensation levels do not impact earned benefits.

XEROX CORP | 2013 | FY |

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