CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Millions		Total	Total IBM Stockholders' Equity	Common Stock and Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income/(Loss)	Non- Controlling Interests
Balance at the beginning of the period at Dec. 31, 2024		$ 27,393	$ 27,307	$ 61,380	$ 151,163	$ (169,968)	$ (15,269)	$ 86
Net income plus other comprehensive income/(loss):
Net income		4,993	4,993		4,993
Other comprehensive income/(loss)		(715)	(715)				(715)
Total comprehensive income		4,278	4,278
Cash dividends paid — common stock		(4,681)	(4,681)		(4,681)
Common stock issued under employee plans		1,439	1,439	1,439
Purchases and sales of treasury stock under employee plans — net		(437)	(437)		107	(544)
Changes in noncontrolling interests		(1)						(1)
Balance at the end of the period at Sep. 30, 2025		27,990	27,905	62,819	151,581	(170,512)	(15,983)	85
Balance at the beginning of the period at Jun. 30, 2025		27,588	27,509	62,392	151,367	(170,209)	(16,041)	79
Net income plus other comprehensive income/(loss):
Net income		1,744	1,744		1,744
Other comprehensive income/(loss)		58	58				58
Total comprehensive income		1,802	1,802
Cash dividends paid — common stock		(1,569)	(1,569)		(1,569)
Common stock issued under employee plans		427	427	427
Purchases and sales of treasury stock under employee plans — net		(263)	(263)		39	(303)
Changes in noncontrolling interests		6						6
Balance at the end of the period at Sep. 30, 2025		27,990	27,905	62,819	151,581	(170,512)	(15,983)	85
Balance at the beginning of the period at Dec. 31, 2025		32,740	32,648	63,318	155,648	(170,605)	(15,713)	93
Net income plus other comprehensive income/(loss):
Net income		5,571	5,571		5,571
Other comprehensive income/(loss)		728	728				728
Total comprehensive income		6,299	6,299
Cash dividends paid — common stock		(4,762)	(4,762)		(4,762)
Common stock issued under employee plans		1,821	1,821	1,821
Purchases and sales of treasury stock under employee plans — net		(467)	(467)		119	(586)
Other equity		(1)	(1)	(1)	0
Changes in noncontrolling interests	[1]	576						576
Balance at the end of the period at Sep. 30, 2026		36,206	35,537	65,137	156,576	(171,191)	(14,985)	669
Balance at the beginning of the period at Jun. 30, 2026		34,541	34,452	64,600	155,937	(170,934)	(15,151)	89
Net income plus other comprehensive income/(loss):
Net income		2,190	2,190		2,190
Other comprehensive income/(loss)		166	166				166
Total comprehensive income		2,356	2,356
Cash dividends paid — common stock		(1,596)	(1,596)		(1,596)
Common stock issued under employee plans		537	537	537
Purchases and sales of treasury stock under employee plans — net		(211)	(211)		45	(257)
Changes in noncontrolling interests	[2]	580						580
Balance at the end of the period at Sep. 30, 2026		$ 36,206	$ 35,537	$ 65,137	$ 156,576	$ (171,191)	$ (14,985)	$ 669

[1] Refer to "Other Transactions" in note 5, "Acquisition, Divestitures and Other Transactions," for additional information.

[2] Refer to "Other Transactions" in note 5, "Acquisition, Divestitures and Other Transactions," for additional information.