Other

International Business Machines·Balance Sheet Statement·108 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$56B	$57B	$63B	$64B	$66B	$64B	$71B	$69B
Long-term debt, gross	$57.8B	$57.6B	$56.1B	$64.4B	$65.2B	$64.2B	$62.3B	$66.3B
Long-term debt excluding finance lease obligations	$56.9B	$56.7B	$55.1B	$63.4B	$64.1B	$63B	$61.1B	$65.2B
Long-Term Debt and Lease Obligation	$52.9B	$53B	$49.9B	$56.4B	$55.2B	$55.2B	$54.8B	$57.7B
Fair value of long-term debt	$49.8B	$51.7B	$47.4B	$53.8B	$53B	$53.4B	$52.7B	$54.4B
Thereafter	$34.8B	$35.3B	—	$37.6B	$38.8B	$38.8B	—	$40B
Gross Carrying Amount	$18.2B	$19.5B	$19.2B	$21.5B	$22B	$22B	$22.2B	$26B
Financing receivable and net investment in lease, gross	$11.9B	$11.2B	$13.1B	$11.2B	$13.1B	$12.8B	$17B	$14.3B
Amortized cost	$11.4B	$10.8B	$12.6B	$10.8B	$12.6B	$12.3B	$16.3B	$13.7B
Notes Receivable And Net Investment In Lease Net	$11.3B	$10.7B	$12.5B	$10.6B	$12.5B	$12.2B	$16.2B	$13.5B
Finite-Lived Intangible Assets, Accumulated Amortization	$7.9B	$8.4B	$8.6B	$9.1B	$9.8B	$10.3B	$10.8B	$11.4B
Less: current maturities	$3.6B	$3.6B	$5.1B	$6.9B	$8.9B	$7.9B	$6.4B	$7.6B
2027	$5.1B	$5.3B	$5B	$6.3B	$6.4B	$6.4B	$6.4B	$6.7B
2028	$6.3B	$6.3B	$6.3B	$6.5B	$6.7B	$6.7B	$6.8B	$6B
2029	$6.4B	$6.5B	$6.4B	$5B	$5.2B	$5.2B	$5.2B	$5.6B
Common stock, shares authorized (in shares)	4.7B	4.7B	4.7B	4.7B	4.7B	4.7B	4.7B	4.7B
2030	$3.9B	$4B	$3.9B	$5B	$5.1B	$5.1B	$5.1B	$4.5B
Net Investment in Lease, before Allowance for Credit Loss	$4B	$3.8B	$3.5B	$3.4B	$3.9B	$3.8B	$4.4B	$4.2B
Net investment in lease, gross	$3.9B	$3.8B	$3.4B	$3.2B	$3.8B	$3.7B	$4.3B	$4.2B
Net Investment in Lease, after Allowance for Credit Loss	$3.9B	$3.8B	$3.5B	$3.3B	$3.9B	$3.7B	$4.3B	$4.1B
Thereafter	$2B	$2.5B	—	$2.6B	$2.6B	$2.6B	—	$3.7B
Remainder of 2026	$1.3B	$93M	—	$4B	$3B	$1.9B	—	$3.5B
Remainder of Fiscal Year 2024	$1.3B	$93M	—	$4B	$3B	$1.9B	—	$3.5B
2027	$2.1B	$2.3B	$2.4B	$2.5B	$2.6B	$2.7B	$2.8B	$3B
Unrecognized compensation cost related to non-vested awards	$1.7B	$1.8B	$1.9B	$2.5B	$2.5B	$2.3B	$2.3B	$2.9B
2028	$1.9B	$2.1B	$2.2B	$2.3B	$2.4B	$2.5B	$2.6B	$2.5B
Remainder of 2026	$1.2B	$643M	—	$2B	$1.4B	$703M	—	$2.4B
Common stock, shares issued (in shares)	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B
2029	$1.7B	$1.9B	$2B	$1.9B	$1.9B	$2B	$2.1B	$1.7B
Treasury stock, shares (in shares)	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
2030	$1.4B	$1.6B	$1.6B	$1.2B	$1.2B	$1.2B	$1.3B	$1.2B
Financing receivable and net investment in lease, unearned income	-$901M	-$850M	-$891M	-$868M	-$1B	-$1B	-$1.2B	-$1.1B
Less: net unamortized discount	$844M	$837M	$824M	$829M	$825M	$815M	$806M	$809M
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
Net investment in lease, unearned income	-$401M	-$370M	-$344M	-$327M	-$401M	-$405M	-$479M	-$456M
Potential reduction in net position of total derivative assets	—	—	—	—	—	—	$285M	$422M
Potential reduction in net position of total derivative liabilities	$186M	$94M	$352M	$296M	$416M	$316M	$285M	$422M
Debt Issuance Costs, Net	—	—	—	—	—	—	$185M	$203M
Financing Receivable And Net Investment In Lease Allowance For Credit Losses	$137M	$131M	$128M	$149M	$141M	$130M	$141M	$128M
Accounts Receivable, Allowance for Credit Loss	$129M	$132M	$114M	$102M	$109M	$116M	$99M	$102M
Allowance for doubtful accounts	$129M	$132M	$114M	$102M	$109M	$116M	$99M	$102M
Short-term financing receivables held for investment, allowances	$115M	$115M	$109M	$130M	$112M	$104M	$106M	$100M
Standard Product Warranty Accrual	$70M	$64M	$76M	$85M	$85M	$87M	$95M	$93M
Noncontrolling interests in subsidiaries	$77M	$82M	$86M	$72M	$79M	$85M	$93M	$81M
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge	$204M	-$19M	$176M	$90M	$57M	$30M	$36M	$65M
Net Investment in Lease, Allowance for Credit Loss	$57M	$51M	$50M	$57M	$67M	$51M	$67M	$59M
Other accounts receivable, allowances	—	—	—	—	—	—	$37M	$37M
Long-term financing receivables, allowances	$21M	$17M	$19M	$19M	$29M	$26M	$34M	$27M
Common stock, par value (in dollars per share)	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20
Accrual for Environmental Loss Contingencies	—	—	$247M	—	—	—	$250M	—
Capitalized Contract Cost, Net	—	—	$1.7B	—	—	—	$1.9B	—
Common Stock, Shares, Outstanding	—	—	$926.3M	—	—	—	$937M	—
Deferred Tax Liabilities, Gross	—	—	$9.2B	—	—	—	$9.5B	—
Deferred income taxes	—	—	$815M	—	—	—	$781M	—
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	—	—	$238M	—	—	—	$243M	—
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	—	—	$796M	—	—	—	$888M	—
Temporary differences related to Texas Margin Tax	—	—	$198M	—	—	—	$207M	—
Accrued expenses	—	—	$395M	—	—	—	$418M	—
Deferred Tax Assets, Valuation Allowance	—	—	$1.2B	—	—	—	$1.1B	—
Deferred Tax Liabilities, Other	—	—	$746M	—	—	—	$620M	—
Deferred Tax Liabilities, Property, Plant and Equipment	—	—	$438M	—	—	—	$548M	—
Derivative Liability, Noncurrent	—	—	$463M	—	—	—	$259M	—
Equity method investments (Note 11)	—	—	$108M	—	—	—	$60M	—
Trading securities, cost	—	—	$156M	—	—	—	$221M	—
Current maturities of long-term debt	—	—	$198M	—	—	—	$279M	—
Finance Lease Liability Payments Due After Year Five	—	—	$202M	—	—	—	$152M	—
2027	—	—	$246M	—	—	—	$331M	—
Finance Lease Liability Payments Due Year Five	—	—	$155M	—	—	—	$94M	—
Finance Lease Liability Payments Due Year Four	—	—	$168M	—	—	—	$182M	—
Finance Lease Liability Payments Due Year Three	—	—	$194M	—	—	—	$225M	—
Finance Lease Liability Payments Due Year Two	—	—	$210M	—	—	—	$313M	—
Finance Lease Liability Undiscounted Excess Amount	—	—	$174M	—	—	—	$145M	—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	—	—	$984M	—	—	—	$1.2B	—
2031	—	—	$936M	—	—	—	$812M	—
Finite Lived Intangible Assets Amortization Expense After Year Five	—	—	$1.6B	—	—	—	$1.9B	—
Goodwill accumulated impairment losses	$0	$0	$0	$0	$0	$0	$0	$0
Lessee Operating Lease Liability Undiscounted Excess Amount	—	—	$603M	—	—	—	$612M	—
2029	—	—	$4.9B	—	—	—	$4.5B	—
Thereafter	—	—	$29.6B	—	—	—	$34.3B	—
Long Term Debt Percentage Bearing Variable Interest Rate	—	—	$0.1	—	—	—	$0.1	—
Longterm Debt Percentage Bearing Fixed Interest Amount	—	—	$47.7B	—	—	—	$54B	—
Longterm Debt Percentage Bearing Variable Interest Amount	—	—	$7.2B	—	—	—	$7.3B	—
Operating Lease Weighted Average Discount Rate Percent	—	—	$0	—	—	—	$0.1	—
Other	—	—	$536M	—	—	—	$645M	—
Preferred Stock, Par or Stated Value Per Share	—	—	$0	—	—	—	$0	—
Preferred Stock, Shares Authorized	—	—	$150M	—	—	—	$150M	—
2028	—	—	$963M	—	—	—	$1.2B	—
2030	—	—	$244M	—	—	—	$509M	—
Sales-Type and Direct Financing Leases, Payment to be Received	—	—	$3.4B	—	—	—	$4.3B	—
2027	—	—	$1.6B	—	—	—	$1.5B	—
2029	—	—	$584M	—	—	—	$874M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	—	—	$10M	—	—	—	$9.7M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	—	—	$145	—	—	—	$168	—
Share Repurchase Program, Remaining Authorized, Amount	—	—	$2B	—	—	—	$2B	—
Supplier finance program, obligation	—	—	$110M	—	—	—	$123M	—
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	—	—	$496M	—	—	—	$314M	—
Unrecorded Unconditional Purchase Obligation	—	—	$496M	—	—	—	$314M	—
Weighted-Average Discount Rate	—	—	5.0%	—	—	—	4.9%	—
Weighted-Average Discount Rate - Finance Leases	—	—	$0.1	—	—	—	$0	—