CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 7,257	$ 7,886
Restricted cash	19	103
Marketable securities	3,721	852
Notes and accounts receivable — trade (net of allowances of $198 in 2023 and $233 in 2022)	5,330	6,541
Short-term financing receivables:
Held for investment (net of allowances of $133 in 2023 and $145 in 2022)	5,032	6,851
Held for sale	593	939
Other accounts receivable (net of allowances of $106 in 2023 and $89 in 2022)	842	817
Inventory, at lower of average cost or net realizable value:
Finished goods	159	158
Work in process and raw materials	1,239	1,394
Total inventory	1,399	1,552
Deferred costs	931	967
Prepaid expenses and other current assets	2,582	2,611
Total current assets	27,705	29,118
Property, plant and equipment	18,217	18,695
Less: Accumulated depreciation	12,848	13,361
Property, plant and equipment — net	5,369	5,334
Operating right-of-use assets — net	3,112	2,878
Long-term financing receivables (net of allowances of $26 in 2023 and $28 in 2022)	4,789	5,806
Prepaid pension assets	8,901	8,236
Deferred costs	822	866
Deferred taxes	6,168	6,256
Goodwill	59,596	55,949
Intangible assets — net	11,278	11,184
Investments and sundry assets	1,582	1,617
Total assets	129,321	127,243
Current liabilities:
Taxes	1,559	2,196
Short-term debt	6,414	4,760
Accounts payable	3,342	4,051
Compensation and benefits	3,257	3,481
Deferred income	11,917	12,032
Operating lease liabilities	807	874
Other accrued expenses and liabilities	3,309	4,111
Total current liabilities	30,606	31,505
Long-term debt	48,828	46,189
Retirement and nonpension postretirement benefit obligations	9,090	9,596
Deferred income	3,085	3,499
Operating lease liabilities	2,476	2,190
Other liabilities	12,081	12,243
Total liabilities	106,165	105,222
IBM stockholders’ equity:
Common stock	59,313	58,343
Retained earnings	149,506	149,825
Treasury stock	(169,640)	(169,484)
Accumulated other comprehensive income/(loss)	(16,098)	(16,740)
Total IBM stockholders’ equity	23,081	21,944
Noncontrolling interests	75	77
Total equity	23,156	22,021
Total liabilities and equity	$ 129,321	$ 127,243