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Equity Activity
 6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Equity Activity Equity Activity:
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the three months ended June 30, 2024:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$2 $(68)$(66)
Net changes related to available-for-sale securities:  
Unrealized gains/(losses) arising during the period$1 $0 $0 
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$1 $0 $0 
Unrealized gains/(losses) on cash flow hedges:  
Unrealized gains/(losses) arising during the period$103 $(28)$75 
Reclassification of (gains)/losses to:
   
Cost of services(9)3 (7)
Cost of sales(15)5 (10)
Cost of financing2 0 1 
SG&A expense(7)2 (5)
Other (income) and expense(21)5 (16)
Interest expense8 (2)6 
Total unrealized gains/(losses) on cash flow hedges$61 $(16)$45 
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $— $— 
Net (losses)/gains arising during the period0 2 2 
Curtailments and settlements2 (1)2 
Amortization of prior service costs/(credits)(2)0 (1)
Amortization of net (gains)/losses258 (71)187 
Total retirement-related benefit plans$259 $(69)$190 
Other comprehensive income/(loss)$322 $(153)$169 
(1)These accumulated other comprehensive income (AOCI) components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the three months ended June 30, 2023:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$116 $(34)$82 
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$(17)$4 $(12)
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$(17)$4 $(12)
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$178 $(48)$130 
Reclassification of (gains)/losses to:   
Cost of services3 (1)2 
Cost of sales(2)1 (1)
Cost of financing4 (1)3 
SG&A expense(1)0 0 
Other (income) and expense(55)14 (41)
Interest expense22 (5)16 
Total unrealized gains/(losses) on cash flow hedges$148 $(40)$109 
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $0 $0 
Net (losses)/gains arising during the period0 7 7 
Curtailments and settlements6 (1)5 
Amortization of prior service costs/(credits)(2)1 (2)
Amortization of net (gains)/losses130 (38)92 
Total retirement-related benefit plans$134 $(31)$102 
Other comprehensive income/(loss)$381 $(101)$280 
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the six months ended June 30, 2024:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$57 $(222)$(165)
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$1 $0 $1 
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$1 $0 $1 
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$279 $(75)$204 
Reclassification of (gains)/losses to:
   
Cost of services(14)4 (10)
Cost of sales(27)9 (18)
Cost of financing3 (1)2 
SG&A expense(10)3 (7)
Other (income) and expense58 (15)44 
Interest expense17 (4)13 
Total unrealized gains/(losses) on cash flow hedges$307 $(79)$227 
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $— $— 
Net (losses)/gains arising during the period1 2 2 
Curtailments and settlements4 (1)3 
Amortization of prior service costs/(credits)(4)1 (3)
Amortization of net (gains)/losses519 (143)376 
Total retirement-related benefit plans$520 $(141)$379 
Other comprehensive income/(loss)$885 $(442)$442 
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Reclassifications and Taxes Related to Items of Other Comprehensive Income
(Dollars in millions)Before Tax
Amount		Tax (Expense)/
Benefit		Net of Tax
Amount
For the six months ended June 30, 2023:
Other comprehensive income/(loss):   
Foreign currency translation adjustments$29 $22 $52 
Net changes related to available-for-sale securities:   
Unrealized gains/(losses) arising during the period$(1)$0 $(1)
Reclassification of (gains)/losses to other (income) and expense— — — 
Total net changes related to available-for-sale securities$(1)$0 $(1)
Unrealized gains/(losses) on cash flow hedges:   
Unrealized gains/(losses) arising during the period$149 $(41)$107 
Reclassification of (gains)/losses to:   
Cost of services5 (1)4 
Cost of sales(17)5 (12)
Cost of financing9 (2)7 
SG&A expense(10)3 (7)
Other (income) and expense(181)45 (135)
Interest expense42 (11)32 
Total unrealized gains/(losses) on cash flow hedges$(3)$(1)$(4)
Retirement-related benefit plans: (1)
   
Prior service costs/(credits)$— $1 $1 
Net (losses)/gains arising during the period2 7 8 
Curtailments and settlements5 (1)4 
Amortization of prior service costs/(credits)(4)1 (3)
Amortization of net (gains)/losses261 (76)185 
Total retirement-related benefit plans$263 $(69)$194 
Other comprehensive income/(loss)$289 $(48)$241 
(1)These AOCI components are included in the computation of net periodic pension cost. Refer to note 18, “Retirement-Related Benefits,” for additional information.
Accumulated Other Comprehensive Income/(Loss) (net of tax)
(Dollars in millions)Net Unrealized
Gains/(Losses)
on Cash Flow
Hedges
Foreign
Currency
Translation
Adjustments (1)
Net Change
Retirement-
Related
Benefit
Plans		Net Unrealized
Gains/(Losses)
on Available-
For-Sale
Securities		Accumulated
Other
Comprehensive
Income/ (Loss)
January 1, 2024$(106)$(3,488)$(15,165)$(1)$(18,761)
Other comprehensive income before reclassifications204 (165)2 1 42 
Amount reclassified from accumulated other comprehensive income
24 — 377 — 400 
Total change for the period$227 $(165)$379 $1 $442 
June 30, 2024$121 $(3,653)$(14,786)$(1)$(18,319)

(Dollars in millions)Net Unrealized
Gains/(Losses)
on Cash Flow
Hedges
Foreign
Currency
Translation
Adjustments (1)
Net Change
Retirement-
Related
Benefit
Plans		Net Unrealized
Gains/(Losses)
on Available-
For-Sale
Securities		Accumulated
Other
Comprehensive
Income/ (Loss)
January 1, 2023$(135)$(3,591)$(13,013)$(1)$(16,740)
Other comprehensive income before reclassifications107 52 9 (1)167 
Amount reclassified from accumulated other comprehensive income(112)— 185 — 74 
Total change for the period$(4)$52 $194 $(1)$241 
June 30, 2023$(139)$(3,539)$(12,819)$(2)$(16,499)
(1)Foreign currency translation adjustments are presented gross except for any associated hedges which are presented net of tax.