Non-Current Liabilities

International Business Machines·Balance Sheet Statement·28 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total Carrying Value of Debt	$57.8B	$57.6B	$56.1B	$64.4B	$65.2B	$64.2B	$62.3B	$66.3B
Long-term debt	$56.5B	$56.6B	$54.9B	$63.3B	$64.2B	$63.1B	$61.3B	$65.3B
Long-Term Debt and Finance Lease Obligations	$52.9B	$53B	$49.9B	$56.4B	$55.2B	$55.2B	$54.8B	$57.7B
Other non-current liabilities	$10.9B	$11.2B	$11B	$11.1B	$11.5B	$11.8B	$9.8B	$9.8B
Defined Benefit Pension Plan Liabilities (Non-Current)	$10.2B	$10.4B	$9.4B	$9.5B	$9.9B	$9.7B	$9B	$8.8B
Retirement and nonpension postretirement benefit obligations	$10.2B	$10.4B	$9.4B	$9.5B	$9.9B	$9.7B	$9B	$8.8B
Deferred income	$3.5B	$3.7B	$3.6B	$3.8B	$3.9B	$3.9B	$4.3B	$4.2B
Operating lease liabilities, non-current	$2.5B	$2.8B	$2.7B	$2.8B	$2.7B	$2.6B	$2.5B	$2.6B
Total liabilities	$109.7B	$109.8B	$726M	$118.7B	$121B	$118.3B	$513M	$693M
Accrued Environmental Liabilities (Non-Current)	—	—	$204M	—	—	—	$207M	—
Debt Instrument - Effective Interest Rate	—	—	5.6%	—	—	—	5.0%	—
Deferred Compensation Liability (Non-Current)	—	—	$1.4B	—	—	—	$1.5B	—
Deferred tax liabilities	—	—	$9.2B	—	—	—	$9.5B	—
Deferred Tax Liabilities - Foreign Earnings	—	—	$211M	—	—	—	$321M	—
Derivative Liabilities (Non-Current)	—	—	$463M	—	—	—	$259M	—
Deferred Tax Liabilities - Leasing Arrangements	—	—	$1.5B	—	—	—	$1.6B	—
Finance lease liabilities	—	—	$803M	—	—	—	$874M	—
Operating Lease Liability Payments - 2026 (Lessee)	—	—	$630M	—	—	—	$562M	—
Operating Lease Liability Payments - 2027 (Lessee)	—	—	$318M	—	—	—	$277M	—
Operating Lease Liability Payments - 2028 (Lessee)	—	—	$447M	—	—	—	$430M	—
Operating Lease Liability Payments - 2029 (Lessee)	—	—	$318M	—	—	—	$277M	—
Lease Liability Payments - Due After Year Five	—	—	$938M	—	—	—	$974M	—
Operating Lease Liability Payments - Thereafter (Lessee)	—	—	$938M	—	—	—	$974M	—
Long-Term Debt, Gross	—	—	723100000000.0%	—	—	—	725500000000.0%	—
Liability For Uncertain Tax Positions Noncurrent	—	—	$6.9B	—	—	—	$5.7B	—
Unrecognized Tax Benefits	—	—	$8.9B	—	—	—	$709M	—
Unrecognized Tax Benefits - Impacting Effective Tax Rate	—	—	$8.3B	—	—	—	$5.9B	—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	—	—	$1.6B	—	—	—	$1.2B	—

Metrics

Non-Current Liabilities

Breakdown

Metrics

Accrued Environmental Liabilities (Non-Current)

Debt Instrument - Effective Interest Rate

Deferred Compensation Liability (Non-Current)

Deferred tax liabilities

Deferred Tax Liabilities - Foreign Earnings

Defined Benefit Pension Plan Liabilities (Non-Current)

Derivative Liabilities (Non-Current)

Deferred Tax Liabilities - Leasing Arrangements

Finance lease liabilities

Operating Lease Liability Payments - 2026 (Lessee)

Operating Lease Liability Payments - 2027 (Lessee)

Operating Lease Liability Payments - 2028 (Lessee)

Operating Lease Liability Payments - 2029 (Lessee)

Lease Liability Payments - Due After Year Five

Operating Lease Liability Payments - Thereafter (Lessee)

Long-term debt

Long-Term Debt and Finance Lease Obligations

Long-Term Debt, Gross

Deferred income

Liability For Uncertain Tax Positions Noncurrent

Retirement and nonpension postretirement benefit obligations

Operating lease liabilities, non-current

Other non-current liabilities

Total Carrying Value of Debt

Total liabilities

Unrecognized Tax Benefits

Unrecognized Tax Benefits - Impacting Effective Tax Rate

Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued