CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 9,233	$ 13,587
Restricted cash	48	54
Marketable securities	1,825	830
Notes and accounts receivable — trade (net of allowances of $115 in 2026 and $99 in 2025)	5,794	8,112
Short-term financing receivables:
Held for investment (net of allowances of $92 in 2026 and $106 in 2025)	5,638	7,344
Held for sale	774	1,131
Other accounts receivable (net of allowances of $29 in 2026 and $37 in 2025)	1,673	1,052
Inventory, at lower of average cost or net realizable value:
Finished goods	320	230
Work in process and raw materials	1,625	990
Total inventory	1,945	1,220
Deferred costs	1,177	1,084
Prepaid expenses and other current assets	3,083	2,530
Total current assets	31,192	36,944
Property, plant and equipment	17,692	17,874
Less: Accumulated depreciation	11,649	11,975
Property, plant and equipment — net	6,043	5,899
Operating right-of-use assets — net	3,114	3,129
Long-term financing receivables (net of allowances of $28 in 2026 and $34 in 2025)	6,844	7,708
Prepaid pension assets	7,715	7,544
Deferred costs	808	825
Deferred taxes	8,827	8,610
Goodwill	74,916	67,717
Intangible assets — net	13,603	11,391
Investments and sundry assets	1,950	2,112
Total assets	155,011	151,880
Current liabilities:
Taxes	1,867	2,347
Short-term debt	7,013	6,424
Accounts payable	4,491	4,756
Compensation and benefits	3,668	4,114
Deferred income	15,164	16,101
Operating lease liabilities	749	800
Other accrued expenses and liabilities	3,534	4,116
Total current liabilities	36,485	38,658
Long-term debt	56,804	54,836
Retirement and nonpension postretirement benefit obligations	8,452	9,018
Deferred income	4,318	4,271
Operating lease liabilities	2,574	2,547
Other liabilities	10,172	9,810
Total liabilities	118,805	119,139
IBM stockholders’ equity:
Common stock	65,137	63,318
Retained earnings	156,576	155,648
Treasury stock - at cost	(171,191)	(170,605)
Accumulated other comprehensive income/(loss)	(14,985)	(15,713)
Total IBM stockholders’ equity	35,537	32,648
Noncontrolling interests	669	93
Total equity	36,206	32,740
Total liabilities and equity	$ 155,011	$ 151,880