CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 9,394	$ 7,886
Restricted cash	31	103
Marketable securities	6,904	852
Notes and accounts receivable — trade (net of allowances of $217 in 2023 and $233 in 2022)	5,673	6,541
Short-term financing receivables:
Held for investment (net of allowances of $143 in 2023 and $145 in 2022)	5,564	6,851
Held for sale	865	939
Other accounts receivable (net of allowances of $108 in 2023 and $89 in 2022)	838	817
Inventory, at lower of average cost or net realizable value:
Finished goods	174	158
Work in process and raw materials	1,327	1,394
Total inventory	1,501	1,552
Deferred costs	957	967
Prepaid expenses and other current assets	2,730	2,611
Total current assets	34,458	29,118
Property, plant and equipment	18,588	18,695
Less: Accumulated depreciation	13,145	13,361
Property, plant and equipment — net	5,443	5,334
Operating right-of-use assets — net	2,653	2,878
Long-term financing receivables (net of allowances of $28 in 2023 and $28 in 2022)	5,221	5,806
Prepaid pension assets	8,735	8,236
Deferred costs	897	866
Deferred taxes	6,340	6,256
Goodwill	56,385	55,949
Intangible assets — net	10,496	11,184
Investments and sundry assets	1,585	1,617
Total assets	132,213	127,243
Current liabilities:
Taxes	1,606	2,196
Short-term debt	6,785	4,760
Accounts payable	3,732	4,051
Compensation and benefits	3,185	3,481
Deferred income	12,712	12,032
Operating lease liabilities	842	874
Other accrued expenses and liabilities	3,651	4,111
Total current liabilities	32,513	31,505
Long-term debt	50,691	46,189
Retirement and nonpension postretirement benefit obligations	9,385	9,596
Deferred income	3,264	3,499
Operating lease liabilities	1,986	2,190
Other liabilities	12,103	12,243
Total liabilities	109,942	105,222
IBM stockholders’ equity:
Common stock	58,963	58,343
Retained earnings	149,318	149,825
Treasury stock	(169,581)	(169,484)
Accumulated other comprehensive income/(loss)	(16,499)	(16,740)
Total IBM stockholders’ equity	22,201	21,944
Noncontrolling interests	70	77
Total equity	22,271	22,021
Total liabilities and equity	$ 132,213	$ 127,243