CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 11,949	$ 11,972
Restricted cash	313	262	[1]
Marketable securities	893	608
Notes and accounts receivable - trade (net of allowances of $307 in 2018 and $297 in 2017)	7,778	8,928
Short-term financing receivables (net of allowances of $287 in 2018 and $261 in 2017)	20,245	21,721
Other accounts receivable (net of allowances of $37 in 2018 and $36 in 2017)	1,206	981
Inventories, at lower of average cost or market:
Finished goods	544	333
Work in process and raw materials	1,209	1,250
Total inventories	1,753	1,583
Deferred costs	2,413	1,820	[2]
Prepaid expenses and other current assets	2,573	1,860	[1],[2]
Total current assets	49,122	49,735
Property, plant and equipment	32,775	32,331
Less: Accumulated depreciation	21,497	21,215
Property, plant and equipment - net	11,278	11,116
Long-term financing receivables (net of allowances of $54 in 2018 and $74 in 2017)	8,856	9,550
Prepaid pension assets	5,129	4,643
Deferred costs	2,593	2,136	[2]
Deferred taxes	5,111	4,862
Goodwill	36,732	36,788
Intangible assets - net	3,521	3,742
Investments and sundry assets	2,942	2,783	[2]
Total assets	125,285	125,356
Current liabilities:
Taxes	2,918	4,219
Short-term debt	5,977	6,987
Accounts payable	5,736	6,451
Compensation and benefits	3,289	3,644
Deferred income	13,059	11,552
Other accrued expenses and liabilities	4,754	4,510
Total current liabilities	35,733	37,363
Long-term debt	40,410	39,837
Retirement and nonpension postretirement benefit obligations	16,750	16,720
Deferred income	3,852	3,746
Other liabilities	10,250	9,965
Total liabilities	106,995	107,631
IBM stockholders' equity:
Common stock, par value $.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued 2018 - 2,230,466,068; 2017 - 2,229,428,813	54,712	54,566
Retained earnings	156,371	153,126
Treasury stock, at cost Shares: 2018 - 1,312,497,762; 2017 - 1,307,249,588	(164,334)	(163,507)
Accumulated other comprehensive income/(loss)	(28,583)	(26,592)
Total IBM stockholders' equity	18,166	17,594
Noncontrolling interests	124	131
Total equity	18,290	17,725
Total liabilities and equity	$ 125,285	$ 125,356

[1] Recast to reflect adoption of the FASB guidance on restricted cash.

[2] Recast to conform to current period presentation.