Non-Current Assets

International Business Machines·Balance Sheet Statement·33 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total assets	$133.8B	$134.3B	$137.2B	$145.7B	$148.6B	$146.3B	$151.9B	$156.2B
Goodwill	$59.4B	$61.1B	$60.7B	$66.1B	$67.5B	$67.4B	$67.7B	$74.7B
Total property and equipment, gross	$17.9B	$18B	$17.7B	$17.8B	$18.2B	$18.1B	$17.9B	$17.8B
Intangible assets — net	$10.3B	$11.1B	$10.7B	$12.4B	$12.3B	$11.7B	$11.4B	$14.6B
Accumulated depreciation	$12.3B	$12.4B	$12B	$12.1B	$12.2B	$12.2B	$12B	$12B
Deferred tax assets	$6.4B	$6.9B	$7B	$7.6B	$8.5B	$8.5B	$8.6B	$8.6B
Prepaid pension assets	$7.6B	$8B	$7.5B	$7.7B	$8B	$8B	$7.5B	$7.6B
Equipment Installment Plan Receivables (Non-Current), Net	$5.5B	$4.9B	$5.4B	$4.9B	$6.2B	$6.3B	$7.7B	$7B
Long-term financing receivables (net of allowances of $27 in 2026 and $34 in 2025)	$5.5B	$4.9B	$5.4B	$4.9B	$6.2B	$6.3B	$7.7B	$7B
Property, plant and equipment, net	$5.6B	$5.6B	$5.7B	$5.7B	$5.9B	$5.9B	$5.9B	$5.8B
Operating lease right-of-use assets	$3.1B	$3.4B	$3.2B	$3.3B	$3.3B	$3.2B	$3.1B	$3.2B
Operating Lease Right-of-Use Assets in Other Assets	$3.1B	$3.4B	$3.2B	$3.3B	$3.3B	$3.2B	$3.1B	$3.2B
Investments and sundry assets	$1.8B	$2B	$1.8B	$1.9B	$1.9B	$1.8B	$2.1B	$2B
Deferred costs	$820M	$788M	$788M	$769M	$795M	$768M	$825M	$831M
Financing Receivable and Net Investment in Lease - Unguaranteed Residual Value	$464M	$457M	$479M	$466M	$574M	$485M	$545M	$482M
Net Investment in Lease - Unguaranteed Residual Value	$464M	$457M	$479M	$466M	$574M	$485M	$545M	$482M
Accumulated Goodwill Impairment Losses	$0	$0	$0	$0	$0	$0	$0	$0
Allowance for credit losses	—	—	$198M	—	—	—	$207M	—
Deferred Tax Assets - Tax Credit Carryforwards	—	—	$1.7B	—	—	—	$2.1B	—
Equity method investments	—	—	$156M	—	—	—	$221M	—
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments	—	—	$156M	—	—	—	$221M	—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	—	—	$1.6B	—	—	—	$1.9B	—
Goodwill and Intangible Assets, Net	—	—	$3.1B	—	—	—	$3.3B	—
Indefinite-Lived Research and Development Assets	—	—	$4.2B	—	—	—	$4.4B	—
Investments - Amortized Cost Basis	—	—	$156M	—	—	—	$221M	—
Lease Receivable Payments - 2026 (Lessor)	—	—	$244M	—	—	—	$509M	—
Lease Receivable Payments - 2027 (Lessor)	—	—	$584M	—	—	—	$874M	—
Lease Receivable Payments - 2028 (Lessor)	—	—	$244M	—	—	—	$509M	—
Lease Receivable Payments - 2029 (Lessor)	—	—	$60M	—	—	—	$203M	—
Lease Receivable Payments - Thereafter (Lessor)	—	—	$3M	—	—	—	$55M	—
Long-term receivables, net	—	—	$3.1B	—	—	—	$3.9B	—
Net Operating Loss Carryforwards	—	—	$1.7B	—	—	—	$2.1B	—
Tax Credit Carryforward Valuation Allowance	—	—	$1.2B	—	—	—	$1.1B	—