CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 11,035	$ 13,947
Restricted cash	126	214
Marketable securities	6,430	644
Notes and accounts receivable — trade (net of allowances of $102 in 2025 and $114 in 2024)	5,857	6,804
Short-term financing receivables:
Held for investment (net of allowances of $130 in 2025 and $109 in 2024)	5,128	6,259
Held for sale	588	900
Other accounts receivable (net of allowances of $32 in 2025 and $31 in 2024)	897	947
Inventory, at lower of average cost or net realizable value:
Finished goods	203	134
Work in process and raw materials	1,228	1,155
Total inventory	1,431	1,289
Deferred costs	1,074	959
Prepaid expenses and other current assets	2,770	2,520
Total current assets	35,336	34,482
Property, plant and equipment	17,827	17,691
Less: Accumulated depreciation	12,085	11,959
Property, plant and equipment — net	5,742	5,731
Operating right-of-use assets — net	3,323	3,197
Long-term financing receivables (net of allowances of $19 in 2025 and $19 in 2024)	4,920	5,353
Prepaid pension assets	7,670	7,492
Deferred costs	769	788
Deferred taxes	7,594	6,978
Goodwill	66,065	60,706
Intangible assets — net	12,392	10,660
Investments and sundry assets	1,856	1,787
Total assets	145,667	137,175
Current liabilities:
Taxes	1,573	2,033
Short-term debt	6,913	5,089
Accounts payable	3,585	4,032
Compensation and benefits	3,653	3,605
Deferred income	15,057	13,907
Operating lease liabilities	798	768
Other accrued expenses and liabilities	3,526	3,709
Total current liabilities	35,106	33,142
Long-term debt	56,371	49,884
Retirement and nonpension postretirement benefit obligations	9,536	9,432
Deferred income	3,844	3,622
Operating lease liabilities	2,753	2,655
Other liabilities	11,105	11,048
Total liabilities	118,714	109,783
IBM stockholders’ equity:
Common stock	61,913	61,380
Retained earnings	150,703	151,163
Treasury stock - at cost	(170,160)	(169,968)
Accumulated other comprehensive income/(loss)	(15,575)	(15,269)
Total IBM stockholders’ equity	26,880	27,307
Noncontrolling interests	72	86
Total equity	26,953	27,393
Total liabilities and equity	$ 145,667	$ 137,175