CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 11,696	$ 7,826
Marketable securities	599	701
Notes and accounts receivable - trade (net of allowances of $304 in 2017 and $290 in 2016)	8,401	9,182
Short-term financing receivables (net of allowances of $272 in 2017 and $337 in 2016)	17,563	19,006
Other accounts receivable (net of allowances of $38 in 2017 and $48 in 2016)	994	1,057
Inventories, at lower of average cost or market:
Finished goods	424	358
Work in process and raw materials	1,180	1,195
Total inventories	1,604	1,553
Prepaid expenses and other current assets	4,155	4,564
Total current assets	45,013	43,888
Property, plant and equipment	31,291	30,133
Less: Accumulated depreciation	20,388	19,303
Property, plant and equipment - net	10,903	10,830
Long-term financing receivables (net of allowances of $122 in 2017 and $101 in 2016)	8,296	9,021
Prepaid pension assets	4,015	3,034
Deferred taxes	6,812	5,224
Goodwill	36,517	36,199
Intangible assets - net	4,179	4,688
Investments and sundry assets	4,759	4,585
Total assets	120,495	117,470
Current liabilities:
Taxes	2,779	3,235
Short-term debt	8,061	7,513
Accounts payable	5,126	6,209
Compensation and benefits	3,865	3,577
Deferred income	11,541	11,035
Other accrued expenses and liabilities	4,594	4,705
Total current liabilities	35,966	36,275
Long-term debt	37,612	34,655
Retirement and nonpension postretirement benefit obligations	17,320	17,070
Deferred income	3,617	3,600
Other liabilities	7,437	7,477
Total liabilities	101,951	99,078
IBM stockholders' equity:
Common stock, par value $0.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000 Shares issued: 2017 - 2,228,061,851; 2016 - 2,225,116,815	54,235	53,935
Retained earnings	154,234	152,759
Treasury stock - at cost Shares: 2017 - 1,296,121,555; 2016 - 1,279,249,412	(161,860)	(159,050)
Accumulated other comprehensive income/(loss)	(28,189)	(29,398)
Total IBM stockholders' equity	18,419	18,246
Noncontrolling interests	125	146
Total equity	18,544	18,392
Total liabilities and equity	$ 120,495	$ 117,470