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International Business Machines Balance Sheet Statement

Assets, liabilities, and shareholders' equity

International Business Machines holds $156.23B in total assets. Shareholders' equity is $33.0B against $86.0B in total debt. Cash and equivalents total $10.9B. The current ratio is 0.796 and debt-to-equity is 2.61. Based on the Q1 2026 filing.

Total Assets$156.23BTotal Stockholders Equity$33.0BLong Term Debt$65.3BCash And Equivalents$10.9BTotal Current Assets$31.9BTotal Current Liabilities$40.1B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$238.58B
P/E Ratio22.19
ROE35.93%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$4.0B$3.6B$4.0B$3.9B$4.8B$4.0B
Accrued Employee Benefits$274.0M———$278.0M—
Accrued Environmental Liabilities$247.0M———$250.0M—
Accrued Manufacturing Costs$3.6B$3.7B$3.4B$3.5B$4.1B$3.9B
Other accrued expenses and liabilities$3.7B$3.5B$3.9B$3.5B$4.1B$3.6B
Deferred income$13.9B$15.1B$15.0B$13.9B$16.1B$17.0B
Compensation and benefits$3.6B$3.7B$3.4B$3.5B$4.1B$3.9B
Current portion of long-term debt$5.1B$6.9B$8.9B$7.9B$6.4B$8.7B
Current Portion of Long-Term Debt and Finance Lease Obligations$5.1B$6.9B$8.9B$7.9B$6.4B$7.6B
Derivative Liabilities - Fair Value$352.0M$296.0M$416.0M$316.0M$285.0M$422.0M
Derivative Liabilities - Not Offset Policy Election Deduction$352.0M$296.0M$416.0M$316.0M$285.0M$422.0M
Finance Lease Liability Payments Due$3.4B———$4.3B—
Finance Lease Liability - Undiscounted Excess Amount$174.0M———$145.0M—
Income taxes payable$2.0B$1.6B$1.7B$1.7B$2.3B$2.1B
Lease Liability Payments - 2021$246.0M———$331.0M—
Operating Lease Liability Payments - 2024 (Lessee)$787.0M———$780.0M—
Operating Lease Liability Payments - 2025 (Lessee)$447.0M———$430.0M—
Lease Liability Payments - Due Year Two$787.0M———$780.0M—
Lease Liability Payments - Due Year Three$630.0M———$562.0M—
Lease Liability Payments - Due Year Four$447.0M———$430.0M—
Lease Liability Payments - Due Year Five$155.0M———$94.0M—
Lease Liability Payments - Remainder of Fiscal Year$906.0M———$935.0M—
Lease Liability - Undiscounted Excess Amount$344.0M———$479.0M—
Operating lease liabilities, current$768.0M$798.0M$820.0M$807.0M$800.0M$798.0M
Operating Lease Liability - Undiscounted Excess Amount$603.0M———$612.0M—
Restructuring Reserve$665.0M———$741.0M—
Short-term borrowings$5.1B$6.9B$8.9B$7.9B$6.4B$8.7B
Supplier Finance Program Obligations11000000000.0%———12300000000.0%—
Total current liabilities$33.1B$35.1B$37.7B$35.1B$38.7B$40.1B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts Receivable Derecognized$900.0M———$300.0M—
Accounts receivable, net$6.8B$5.9B$6.0B$5.5B$8.1B$6.5B
Capitalized Contract Costs, Current$959.0M$1.1B$1.2B$1.1B$1.1B$1.2B
Cash and cash equivalents$14.2B$11.2B$12.0B$11.6B$13.6B$10.9B
Contract assets$433.0M$465.0M$495.0M$533.0M$482.0M$551.0M
Deferred costs$959.0M$1.1B$1.2B$1.1B$1.1B$1.2B
Debt securities - current$644.0M$6.4B$3.5B$3.3B$830.0M$964.0M
Finished goods$134.0M$203.0M$188.0M$314.0M$230.0M$268.0M
Work in process and raw materials$1.2B$1.2B$1.1B$1.1B$990.0M$1.2B
Held for investment (net of allowances of $100 in 2026 and $106 in 2025)$6.3B$5.1B$5.6B$5.2B$7.3B$5.8B
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)$947.0M$897.0M$1.2B$1.2B$1.1B$1.2B
Held for sale$900.0M$588.0M$746.0M$745.0M$1.1B$743.0M
Financing Receivables$13.1B$11.2B$13.1B$12.8B$17.0B$14.3B
Financing Receivables Held for Investment, Net$6.3B$5.1B$5.6B$5.2B$7.3B$5.8B
Inventories$1.3B$1.4B$1.3B$1.4B$1.2B$1.5B
Lease Receivable Payments - 2022 (Lessor)$1.6B———$1.5B—
Lease Receivable Payments - 2023 (Lessor)$584.0M———$874.0M—
Lease Receivable Payments - 2024 (Lessor)$244.0M———$509.0M—
Lease Receivable Payments - 2025 (Lessor)$60.0M———$203.0M—
Lease Receivable Payments - Due After Year Five$3.0M———$55.0M—
Lease Receivable Payments - Remainder of Fiscal Year$1.6B———$1.5B—
Total Lease Receivable Payments$3.4B———$4.3B—
Lease Receivable Payments - Due Year Two$963.0M———$1.2B—
Lease Receivable Payments - Due Year Three$584.0M———$874.0M—
Lease Receivable Payments - Due Year Four$244.0M———$509.0M—
Lease Receivable Payments - Due Year Five$60.0M———$203.0M—
Lease Receivable - Undiscounted Excess Amount$344.0M———$479.0M—
Prepaid expenses and other current assets$2.5B$2.8B$2.8B$2.7B$2.5B$3.2B
Restricted cash$214.0M$126.0M$83.0M$30.0M$54.0M$45.0M
Total current assets$34.5B$35.3B$34.3B$32.7B$36.9B$31.9B
Trading Securities in Marketable Securities$156.0M———$221.0M—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Environmental Liabilities (Non-Current)$204.0M———$207.0M—
Debt Instrument - Effective Interest Rate5.6%———5.0%—
Deferred Compensation Liability (Non-Current)$1.4B———$1.5B—
Deferred tax liabilities$9.2B———$9.5B—
Deferred Tax Liabilities - Foreign Earnings$211.0M———$321.0M—
Defined Benefit Pension Plan Liabilities (Non-Current)$9.4B$9.5B$9.9B$9.7B$9.0B$8.8B
Derivative Liabilities (Non-Current)$463.0M———$259.0M—
Deferred Tax Liabilities - Leasing Arrangements$1.5B———$1.6B—
Finance lease liabilities$803.0M———$874.0M—
Operating Lease Liability Payments - 2026 (Lessee)$630.0M———$562.0M—
Operating Lease Liability Payments - 2027 (Lessee)$318.0M———$277.0M—
Operating Lease Liability Payments - 2028 (Lessee)$447.0M———$430.0M—
Operating Lease Liability Payments - 2029 (Lessee)$318.0M———$277.0M—
Lease Liability Payments - Due After Year Five$938.0M———$974.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$938.0M———$974.0M—
Long-term debt$54.9B$63.3B$64.2B$63.1B$61.3B$65.3B
Long-Term Debt and Finance Lease Obligations$49.9B$56.4B$55.2B$55.2B$54.8B$57.7B
Long-Term Debt, Gross723100000000.0%———725500000000.0%—
Deferred income$3.6B$3.8B$3.9B$3.9B$4.3B$4.2B
Liability For Uncertain Tax Positions Noncurrent$6.9B———$5.7B—
Retirement and nonpension postretirement benefit obligations$9.4B$9.5B$9.9B$9.7B$9.0B$8.8B
Operating lease liabilities, non-current$2.7B$2.8B$2.7B$2.6B$2.5B$2.6B
Other non-current liabilities$11.0B$11.1B$11.5B$11.8B$9.8B$9.8B
Total Carrying Value of Debt$56.1B$64.4B$65.2B$64.2B$62.3B$66.3B
Total liabilities$726.0M$118.7B$121.0B$118.3B$513.0M$693.0M
Unrecognized Tax Benefits$8.9B———$709.0M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$8.3B———$5.9B—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$1.6B———$1.2B—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses$0.0$0.0$0.0$0.0$0.0$0.0
Allowance for credit losses$198.0M———$207.0M—
Deferred Tax Assets - Tax Credit Carryforwards$1.7B———$2.1B—
Equipment Installment Plan Receivables (Non-Current), Net$5.4B$4.9B$6.2B$6.3B$7.7B$7.0B
Equity method investments$156.0M———$221.0M—
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$156.0M———$221.0M—
Financing Receivable and Net Investment in Lease - Unguaranteed Residual Value$479.0M$466.0M$574.0M$485.0M$545.0M$482.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)$1.6B———$1.9B—
Goodwill$60.7B$66.1B$67.5B$67.4B$67.7B$74.7B
Goodwill and Intangible Assets, Net$3.1B———$3.3B—
Indefinite-Lived Research and Development Assets$4.2B———$4.4B—
Investments - Amortized Cost Basis$156.0M———$221.0M—
Lease Receivable Payments - 2026 (Lessor)$244.0M———$509.0M—
Lease Receivable Payments - 2027 (Lessor)$584.0M———$874.0M—
Lease Receivable Payments - 2028 (Lessor)$244.0M———$509.0M—
Lease Receivable Payments - 2029 (Lessor)$60.0M———$203.0M—
Lease Receivable Payments - Thereafter (Lessor)$3.0M———$55.0M—
Long-term receivables, net$3.1B———$3.9B—
Net Investment in Lease - Unguaranteed Residual Value$479.0M$466.0M$574.0M$485.0M$545.0M$482.0M
Net Operating Loss Carryforwards$1.7B———$2.1B—
Deferred costs$788.0M$769.0M$795.0M$768.0M$825.0M$831.0M
Deferred tax assets$7.0B$7.6B$8.5B$8.5B$8.6B$8.6B
Prepaid pension assets$7.5B$7.7B$8.0B$8.0B$7.5B$7.6B
Intangible assets — net$10.7B$12.4B$12.3B$11.7B$11.4B$14.6B
Investments and sundry assets$1.8B$1.9B$1.9B$1.8B$2.1B$2.0B
Long-term financing receivables (net of allowances of $27 in 2026 and $34 in 2025)$5.4B$4.9B$6.2B$6.3B$7.7B$7.0B
Operating lease right-of-use assets$3.2B$3.3B$3.3B$3.2B$3.1B$3.2B
Property, plant and equipment, net$5.7B$5.7B$5.9B$5.9B$5.9B$5.8B
Operating Lease Right-of-Use Assets in Other Assets$3.2B$3.3B$3.3B$3.2B$3.1B$3.2B
Accumulated depreciation$12.0B$12.1B$12.2B$12.2B$12.0B$12.0B
Total property and equipment, gross$17.7B$17.8B$18.2B$18.1B$17.9B$17.8B
Tax Credit Carryforward Valuation Allowance$1.2B———$1.1B—
Total assets$137.2B$145.7B$148.6B$146.3B$151.9B$156.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$15.3B-$15.6B-$16.0B-$16.0B-$15.7B-$15.4B
Convertible Preferred Stock Authorized Shares150M———150M—
Common stock$61.4B$61.9B$62.4B$62.8B$63.3B$63.9B
Number of Exercisable Options2M———3.1M—
Preferred Stock Par Value Per Share$0.01———$0.01—
Retained earnings$151.2B$150.7B$151.4B$151.6B$155.6B$155.3B
Share-Based Payment Award Options Outstanding - Number10M———9.7M—
Share Repurchase Authorization Limit$2.0B———$2.0B—
Share Repurchase Program - Amount Remaining$2.0B———$2.0B—
Total liabilities and stockholders' equity$137.2B$145.7B$148.6B$146.3B$151.9B$156.2B
Total stockholders' equity$27.3B$26.9B$27.5B$27.9B$32.6B$33.0B
Treasury stock$170.0B$170.2B$170.2B$170.5B$170.6B$170.9B
Weighted Average Exercise Price of Exercisable Options$128.00———$137.00—
Weighted Average Exercise Price of Outstanding Options$145.00———$168.00—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrual for Environmental Loss Contingencies$247.0M———$250.0M—
Accounts Receivable, Allowance for Credit Loss$114.0M$102.0M$109.0M$116.0M$99.0M$102.0M
Allowance for doubtful accounts$114.0M$102.0M$109.0M$116.0M$99.0M$102.0M
Other accounts receivable, allowances————$37.0M$37.0M
Short-term financing receivables held for investment, allowances$109.0M$130.0M$112.0M$104.0M$106.0M$100.0M
Long-term financing receivables, allowances$19.0M$19.0M$29.0M$26.0M$34.0M$27.0M
Capitalized Contract Cost, Net$1.7B———$1.9B—
Common stock, par value (in dollars per share)$0.20$0.20$0.20$0.20$0.20$0.20
Common stock, shares authorized (in shares)4.7B4.7B4.7B4.7B4.7B4.7B
Common stock, shares issued (in shares)2.3B2.3B2.3B2.3B2.3B2.3B
Common Stock, Shares, Outstanding$926.3M———$937.0M—
Long-term debt, gross$56.1B$64.4B$65.2B$64.2B$62.3B$66.3B
Long-term debt excluding finance lease obligations$55.1B$63.4B$64.1B$63.0B$61.1B$65.2B
Less: net unamortized discount$824.0M$829.0M$825.0M$815.0M$806.0M$809.0M
Debt Issuance Costs, Net————$185.0M$203.0M
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge$176.0M$90.0M$57.0M$30.0M$36.0M$65.0M
Deferred Tax Liabilities, Gross$9.2B———$9.5B—
Deferred income taxes$815.0M———$781.0M—
Deferred Tax Assets, Goodwill and Intangible Assets$2.5B———$3.3B—
Deferred Tax Assets, Gross$16.5B———$18.4B—
Deferred Tax Assets, Net of Valuation Allowance$15.3B———$17.3B—
Deferred Tax Assets, Operating Loss Carryforwards$1.8B———$1.7B—
Fixed assets$238.0M———$243.0M—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits$1.9B———$1.7B—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-Based Compensation Cost$796.0M———$888.0M—
Temporary differences related to Texas Margin Tax$198.0M———$207.0M—
Accrued expenses$395.0M———$418.0M—
Deferred Tax Assets, Valuation Allowance$1.2B———$1.1B—
Deferred Tax Liabilities, Other$746.0M———$620.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$438.0M———$548.0M—
Potential reduction in net position of total derivative assets————$285.0M$422.0M
Derivative Liability, Noncurrent$463.0M———$259.0M—
Potential reduction in net position of total derivative liabilities$352.0M$296.0M$416.0M$316.0M$285.0M$422.0M
Unrecognized compensation cost related to non-vested awards$1.9B$2.5B$2.5B$2.3B$2.3B$2.9B
Equity method investments (Note 11)$108.0M———$60.0M—
Trading securities, cost$156.0M———$221.0M—
Current maturities of long-term debt$198.0M———$279.0M—
Finance Lease Liability Payments Due After Year Five$202.0M———$152.0M—
2027$246.0M———$331.0M—
Finance Lease Liability Payments Due Year Five$155.0M———$94.0M—
Finance Lease Liability Payments Due Year Four$168.0M———$182.0M—
Finance Lease Liability Payments Due Year Three$194.0M———$225.0M—
Finance Lease Liability Payments Due Year Two$210.0M———$313.0M—
Finance Lease Liability Undiscounted Excess Amount$174.0M———$145.0M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$984.0M———$1.2B—
Financing Receivable And Net Investment In Lease Allowance For Credit Losses$128.0M$149.0M$141.0M$130.0M$141.0M$128.0M
Financing receivable and net investment in lease, gross$13.1B$11.2B$13.1B$12.8B$17.0B$14.3B
Financing receivable and net investment in lease, unguaranteed residual value$479.0M$466.0M$574.0M$485.0M$545.0M$482.0M
Financing receivable and net investment in lease, unearned income-$891.0M-$868.0M-$1.0B-$1.0B-$1.2B-$1.1B
Finite-Lived Intangible Assets, Accumulated Amortization$8.6B$9.1B$9.8B$10.3B$10.8B$11.4B
Thereafter—$2.6B$2.6B$2.6B—$3.7B
2028$2.2B$2.3B$2.4B$2.5B$2.6B$2.5B
2030$1.6B$1.2B$1.2B$1.2B$1.3B$1.2B
2031$936.0M———$812.0M—
Remainder of 2026—$2.0B$1.4B$703.0M—$2.4B
2027$2.4B$2.5B$2.6B$2.7B$2.8B$3.0B
2029$2.0B$1.9B$1.9B$2.0B$2.1B$1.7B
Finite Lived Intangible Assets Amortization Expense After Year Five$1.6B———$1.9B—
Gross Carrying Amount$19.2B$21.5B$22.0B$22.0B$22.2B$26.0B
Goodwill accumulated impairment losses$0.0$0.0$0.0$0.0$0.0$0.0
Lessee Operating Lease Liability Undiscounted Excess Amount$603.0M———$612.0M—
Long-Term Debt and Lease Obligation$49.9B$56.4B$55.2B$55.2B$54.8B$57.7B
Less: current maturities$5.1B$6.9B$8.9B$7.9B$6.4B$7.6B
Fair value of long-term debt$47.4B$53.8B$53.0B$53.4B$52.7B$54.4B
Thereafter—$37.6B$38.8B$38.8B—$40.0B
2028$6.3B$6.5B$6.7B$6.7B$6.8B$6.0B
2029$6.4B$5.0B$5.2B$5.2B$5.2B$5.6B
2029$4.9B———$4.5B—
2030$3.9B$5.0B$5.1B$5.1B$5.1B$4.5B
Thereafter$29.6B———$34.3B—
2027$5.0B$6.3B$6.4B$6.4B$6.4B$6.7B
Remainder of 2026—$4.0B$3.0B$1.9B—$3.5B
Long Term Debt Percentage Bearing Variable Interest Rate$0.1———$0.1—
Longterm Debt Percentage Bearing Fixed Interest Amount$47.7B———$54.0B—
Longterm Debt Percentage Bearing Variable Interest Amount$7.2B———$7.3B—
Noncontrolling interests in subsidiaries$86.0M$72.0M$79.0M$85.0M$93.0M$81.0M
Net Investment in Lease, before Allowance for Credit Loss$3.5B$3.4B$3.9B$3.8B$4.4B$4.2B
Net Investment in Lease, after Allowance for Credit Loss$3.5B$3.3B$3.9B$3.7B$4.3B$4.1B
Net Investment in Lease, Allowance for Credit Loss$50.0M$57.0M$67.0M$51.0M$67.0M$59.0M
Net investment in lease, gross$3.4B$3.2B$3.8B$3.7B$4.3B$4.2B
Net investment in lease, unearned income-$344.0M-$327.0M-$401.0M-$405.0M-$479.0M-$456.0M
Net investment in lease, unguaranteed residual value$479.0M$466.0M$574.0M$485.0M$545.0M$482.0M
Notes Receivable And Net Investment In Lease Net$12.5B$10.6B$12.5B$12.2B$16.2B$13.5B
Amortized cost$12.6B$10.8B$12.6B$12.3B$16.3B$13.7B
Operating Lease Weighted Average Discount Rate Percent$0.0———$0.1—
Other$536.0M———$645.0M—
Preferred Stock, Par or Stated Value Per Share$0.0———$0.0—
Preferred Stock, Shares Authorized$150.0M———$150.0M—
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$63.0B$64.0B$66.0B$64.0B$71.0B$69.0B
2028$963.0M———$1.2B—
2030$244.0M———$509.0M—
Sales-Type and Direct Financing Leases, Payment to be Received$3.4B———$4.3B—
2027$1.6B———$1.5B—
2029$584.0M———$874.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$10.0M———$9.7M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$145.0———$168.0—
Standard Product Warranty Accrual$76.0M$85.0M$85.0M$87.0M$95.0M$93.0M
Share Repurchase Program, Remaining Authorized, Amount$2.0B———$2.0B—
Supplier finance program, obligation$110.0M———$123.0M—
Treasury stock, shares (in shares)1.4B1.4B1.4B1.4B1.4B1.4B
Unrecognized tax benefits$8.9B———$6.7B—
Penalties and interest accrued on unrecognized tax benefits$1.6B———$1.2B—
Amount that if recognized, would affect the effective tax rate or regulatory liability$8.3B———$5.9B—
Unrecorded Unconditional Purchase Obligation$496.0M———$314.0M—
Remainder of Fiscal Year 2024—$4.0B$3.0B$1.9B—$3.5B
Unrecorded Unconditional Purchase Obligation$496.0M———$314.0M—
Weighted-Average Discount Rate5.0%———4.9%—
Weighted-Average Discount Rate - Finance Leases$0.1———$0.0—