CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets:
Cash and cash equivalents	$ 1,601	$ 1,687
Equipment under operating leases (net of accumulated depreciation of $220 in 2020 and $238 in 2019)	177	212
Other receivables from IBM	742	513
Other assets	514	406
Total assets	25,700	28,412
Liabilities:
Accounts payable	142	434
Accounts payable to IBM	813	336
Debt	6,709	7,150
Debt payable to IBM	14,727	16,945
Taxes	633	637
Other liabilities	231	224
Total liabilities	23,255	25,726
Member's interest:
Member's interest	2,601	2,601
Retained earnings	48	116
Accumulated other comprehensive income/(loss)	(204)	(31)
Total member's interest	2,445	2,686
Total liabilities and member's interest	25,700	28,412
Financing Receivable Portfolio
Assets:
Financing receivables	14,638	17,365
Financing receivables from IBM
Assets:
Financing receivables	3,771	3,870
Purchased and participated receivables from IBM
Assets:
Financing receivables	$ 4,258	$ 4,359