| Current assets: |
| Cash and cash equivalents |
10.59B |
| Marketable securities |
1.41B |
| Notes and accounts receivable - trade (net of allowances of $305 in 2011 and $324 in 2010) |
10.08B |
| Short-term financing receivables (net of allowances of $286 in 2011 and $342 in 2010) |
16.14B |
| Other accounts receivable (net of allowances of $12 in 2011 and $10 in 2010) |
1.97B |
| Inventories, at lower of average cost or market: |
| Finished goods |
519M |
| Work in process and raw materials |
1.9B |
| Total inventories |
2.42B |
| Deferred taxes |
1.59B |
| Prepaid expenses and other current assets |
4.75B |
| Total current assets |
48.95B |
| Plant, rental machines and other property |
40.06B |
| Less: Accumulated depreciation |
26.46B |
| Plant, rental machines and other property - net |
13.6B |
| Long-term financing receivables (net of allowances of $40 in 2011 and $58 in 2010) |
11.95B |
| Prepaid pension assets |
903M |
| Deferred taxes |
4.23B |
| Goodwill |
29.03B |
| Intangible assets - net |
3.6B |
| Investments and sundry assets |
5.01B |
| Total assets |
117.26B |
| Current liabilities: |
| Taxes |
4.68B |
| Short-term debt |
8.73B |
| Accounts payable |
7.2B |
| Compensation and benefits |
3.96B |
| Deferred income |
12.97B |
| Other accrued expenses and liabilities |
4.58B |
| Total current liabilities |
42.12B |
| Long-term debt |
| Retirement and nonpension postretirement benefit obligations |
19.07B |
| Deferred income |
4.41B |
| Other liabilities |
7.77B |
| Total liabilities |
98.04B |
| IBM stockholders' equity: |
| Common stock, par value $0.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued: 2011 - 2,175,594,604 2010 - 2,161,800,054 |
50.52B |
| Retained earnings |
119.71B |
| Treasury stock - at cost Shares: 2011 - 981,316,389 2010 - 933,806,510 |
-125.68B |
| Accumulated other comprehensive income/(loss) |
-25.47B |
| Total IBM stockholders' equity |
19.09B |
| Noncontrolling interests |
122M |
| Total equity |
19.21B |
| Total liabilities and equity |
117.26B |
