CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income		$ 141	$ 43
Adjustments to reconcile net income to cash provided by operating activities:
Provision for credit losses		19	4
Depreciation		31	45
Deferred taxes		(42)	(2)
Net (gain)/loss on asset sales and other		(17)	(6)
Change in operating assets and liabilities:
Other assets/other liabilities		(48)	4
Net cash provided by operating activities		84	88
Cash flows from investing activities:
Originations of financing receivables		(2,975)	(4,219)
Collection of financing receivables		4,068	4,023
Short-term financing receivables - net (1)	[1]	1,444	46
Purchase of equipment under operating leases		(13)	(20)
Proceeds from disposition of equipment under operating lease		17	13
Other receivables from IBM - net		(304)	1,738
Other investing activities - net		119	(10)
Net cash provided by investing activities		2,356	1,572
Cash flows from financing activities:
Distributions to IBM		(169)	(370)
Net cash used in financing activities		(2,505)	(1,910)
Effect of exchange rate changes on cash and cash equivalents		(22)	(5)
Net change in cash and cash equivalents		(86)	(255)
Cash and cash equivalents at beginning of period		1,687	1,828
Cash and cash equivalents at end of period		1,601	1,573
Debt
Cash flows from financing activities:
Proceeds from issuance of debt		296	300
Principal payments on debt		(389)	(196)
Short-term borrowings/(repayments) - net	[1]	(315)	(500)
Debt payable to IBM
Cash flows from financing activities:
Proceeds from issuance of debt		2,424	2,545
Principal payments on debt		(2,641)	(2,388)
Short-term borrowings/(repayments) - net	[1]	$ (1,711)	$ (1,299)

[1] Short-term represents original maturities of 90 days or less.