Segments: (Tables)

3 Months Ended

Mar. 31, 2014

Segments:

Revenue and Pre-tax Income by Segment

SEGMENT INFORMATION
			Global Services
		Global			Global
		Technology			Business						Systems and			Global			Total
(Dollars in millions)		Services			Services			Software			Technology			Financing			Segments
For the three months
	ended March 31, 2014:
External revenue		$	9,330		$	4,483		$	5,661		$	2,391		$	512		$	22,376
Internal revenue			241			141			932			168			617			2,099
Total revenue		$	9,570		$	4,624		$	6,593		$	2,559		$	1,129		$	24,476
Pre-tax income		$	1,345		$	628		$	1,918		$	(660)		$	596		$	3,828
Revenue year-to-year change			(2.9)	%		(0.9)	%		3.0	%		(20.7)	%		8.6	%		(2.8)	%
Pre-tax income year-to-year
	change		(15.1)	%		(10.6)	%		(4.7)	%		(63.1)	%		10.7	%		(13.7)	%
Pre-tax income margin			14.1	%		13.6	%		29.1	%		(25.8)	%		52.8	%		15.6	%
nm - not meaningful
For the three months
	ended March 31, 2013:
External revenue		$	9,605		$	4,484		$	5,572		$	3,106		$	499		$	23,266
Internal revenue			248			180			831			120			541			1,919
Total revenue		$	9,852		$	4,664		$	6,403		$	3,226		$	1,040		$	25,185
Pre-tax income		$	1,585		$	703		$	2,014		$	(405)		$	538		$	4,435
Pre-tax income margin			16.1	%		15.1	%		31.5	%		(12.5)	%		51.8	%		17.6	%

Revenue and pre-tax income reconciliations to IBM as Reported

Reconciliations to IBM as Reported:
(Dollars in millions)
For the three months ended March 31:		2014		2013
Revenue:
Total reportable segments		$	24,476	$	25,185
Eliminations of internal transactions			(2,099)		(1,919)
Other revenue adjustments			107		142
	Total IBM Consolidated	$	22,484	$	23,408
Pre-tax income:
Total reportable segments		$	3,828	$	4,435
Amortization of acquired intangible assets			(194)		(183)
Acquisition-related charges			(8)		(11)
Non-operating retirement-related (costs)/income			(123)		(283)
Eliminations of internal transactions			(524)		(339)
Unallocated corporate amounts			0		(13)
	Total IBM Consolidated	$	2,980	$	3,606