Current Liabilities

International Business Machines·Balance Sheet Statement·30 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total current liabilities	$29.6B	$28.9B	$33.1B	$35.1B	$37.7B	$35.1B	$38.7B	$40.1B
Deferred income	$13.6B	$12.9B	$13.9B	$15.1B	$15B	$13.9B	$16.1B	$17B
Current portion of long-term debt	$3.6B	$3.6B	$5.1B	$6.9B	$8.9B	$7.9B	$6.4B	$8.7B
Short-term borrowings	$3.6B	$3.6B	$5.1B	$6.9B	$8.9B	$7.9B	$6.4B	$8.7B
Current Portion of Long-Term Debt and Finance Lease Obligations	$3.6B	$3.6B	$5.1B	$6.9B	$8.9B	$7.9B	$6.4B	$7.6B
Accounts payable	$3.6B	$3.3B	$4B	$3.6B	$4B	$3.9B	$4.8B	$4B
Accrued Manufacturing Costs	$3.1B	$3.3B	$3.6B	$3.7B	$3.4B	$3.5B	$4.1B	$3.9B
Compensation and benefits	$3.1B	$3.3B	$3.6B	$3.7B	$3.4B	$3.5B	$4.1B	$3.9B
Other accrued expenses and liabilities	$3.2B	$3.5B	$3.7B	$3.5B	$3.9B	$3.5B	$4.1B	$3.6B
Income taxes payable	$1.7B	$1.6B	$2B	$1.6B	$1.7B	$1.7B	$2.3B	$2.1B
Operating lease liabilities, current	$762M	$790M	$768M	$798M	$820M	$807M	$800M	$798M
Derivative Liabilities - Fair Value	$186M	$94M	$352M	$296M	$416M	$316M	$285M	$422M
Derivative Liabilities - Not Offset Policy Election Deduction	$186M	$94M	$352M	$296M	$416M	$316M	$285M	$422M
Accrued Employee Benefits	—	—	$274M	—	—	—	$278M	—
Accrued Environmental Liabilities	—	—	$247M	—	—	—	$250M	—
Finance Lease Liability Payments Due	—	—	$3.4B	—	—	—	$4.3B	—
Finance Lease Liability - Undiscounted Excess Amount	—	—	$174M	—	—	—	$145M	—
Lease Liability Payments - 2021	—	—	$246M	—	—	—	$331M	—
Operating Lease Liability Payments - 2024 (Lessee)	—	—	$787M	—	—	—	$780M	—
Operating Lease Liability Payments - 2025 (Lessee)	—	—	$447M	—	—	—	$430M	—
Lease Liability Payments - Due Year Two	—	—	$787M	—	—	—	$780M	—
Lease Liability Payments - Due Year Three	—	—	$630M	—	—	—	$562M	—
Lease Liability Payments - Due Year Four	—	—	$447M	—	—	—	$430M	—
Lease Liability Payments - Due Year Five	—	—	$155M	—	—	—	$94M	—
Lease Liability Payments - Remainder of Fiscal Year	—	—	$906M	—	—	—	$935M	—
Lease Liability - Undiscounted Excess Amount	—	—	$344M	—	—	—	$479M	—
Operating Lease Liability - Undiscounted Excess Amount	—	—	$603M	—	—	—	$612M	—
Restructuring Reserve	—	—	$665M	—	—	—	$741M	—
Supplier Finance Program Obligations	—	—	11000000000.0%	—	—	—	12300000000.0%	—

Metrics

Current Liabilities

Breakdown

Metrics

Accounts payable

Accrued Employee Benefits

Accrued Environmental Liabilities

Accrued Manufacturing Costs

Other accrued expenses and liabilities

Deferred income

Compensation and benefits

Current portion of long-term debt

Current Portion of Long-Term Debt and Finance Lease Obligations

Derivative Liabilities - Fair Value

Derivative Liabilities - Not Offset Policy Election Deduction

Finance Lease Liability, Current

Finance Lease Liability Payments Due

Finance Lease Liability - Undiscounted Excess Amount

Income taxes payable

Lease Liability Payments - 2021

Operating Lease Liability Payments - 2024 (Lessee)

Operating Lease Liability Payments - 2025 (Lessee)

Lease Liability Payments - Due Year Two

Lease Liability Payments - Due Year Three

Lease Liability Payments - Due Year Four

Lease Liability Payments - Due Year Five

Lease Liability Payments - Remainder of Fiscal Year

Lease Liability - Undiscounted Excess Amount

Operating lease liabilities, current

Operating Lease Liability - Undiscounted Excess Amount

Restructuring Reserve

Short-term borrowings

Supplier Finance Program Obligations

Total current liabilities