CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 10,741	$ 11,972
Restricted cash	219	262	[1]
Marketable securities	966	608
Notes and accounts receivable - trade (net of allowances of $310 in 2018 and $297 in 2017)	7,445	8,928
Short-term financing receivables (net of allowances of $281 in 2018 and $261 in 2017)	19,806	21,721
Other accounts receivable (net of allowances of $37 in 2018 and $36 in 2017)	1,089	981
Inventories, at lower of average cost or market:
Finished goods	488	333
Work in process and raw materials	1,254	1,250
Total inventories	1,742	1,583
Deferred costs	2,344	1,820	[2]
Prepaid expenses and other current assets	2,443	1,860	[1],[2]
Total current assets	46,795	49,735
Property, plant and equipment	32,233	32,331
Less: Accumulated depreciation	21,209	21,215
Property, plant and equipment - net	11,024	11,116
Long-term financing receivables (net of allowances of $59 in 2018 and $74 in 2017)	8,783	9,550
Prepaid pension assets	5,375	4,643
Deferred costs	2,613	2,136	[2]
Deferred taxes	4,689	4,862
Goodwill	36,482	36,788
Intangible assets - net	3,344	3,742
Investments and sundry assets	2,518	2,783	[2]
Total assets	121,622	125,356
Current liabilities:
Taxes	2,780	4,219
Short-term debt	7,646	6,987
Accounts payable	5,518	6,451
Compensation and benefits	3,686	3,644
Deferred income	11,752	11,552
Other accrued expenses and liabilities	4,059	4,510
Total current liabilities	35,442	37,363
Long-term debt	37,851	39,837
Retirement and nonpension postretirement benefit obligations	15,963	16,720
Deferred income	3,718	3,746
Other liabilities	10,000	9,965
Total liabilities	102,974	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 - 2,232,306,588; 2017 - 2,229,428,813	54,827	54,566
Retained earnings	157,349	153,126
Treasury stock, at cost; Shares: 2018 - 1,319,538,399; 2017 - 1,307,249,588	(165,366)	(163,507)
Accumulated other comprehensive income/(loss)	(28,290)	(26,592)
Total IBM stockholders' equity	18,520	17,594
Noncontrolling interests	128	131
Total equity	18,648	17,725
Total liabilities and equity	$ 121,622	$ 125,356

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

[2] Recast to conform to current period presentation.