CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 11,563	$ 11,972
Restricted cash	168	262	[1]
Marketable securities	2,932	608
Notes and accounts receivable - trade (net of allowances of $310 in 2018 and $297 in 2017)	7,071	8,928
Short-term financing receivables (net of allowances of $273 in 2018 and $261 in 2017)	19,249	21,721
Other accounts receivable (net of allowances of $38 in 2018 and $36 in 2017)	767	981
Inventories, at lower of average cost or net realizable value:
Finished goods	448	333
Work in process and raw materials	1,445	1,250
Total inventories	1,893	1,583
Deferred costs	2,227	1,820	[2]
Prepaid expenses and other current assets	2,388	1,860	[1],[2]
Total current assets	48,257	49,735
Property, plant and equipment	32,484	32,331
Less: Accumulated depreciation	21,535	21,215
Property, plant and equipment - net	10,949	11,116
Long-term financing receivables (net of allowances of $52 in 2018 and $74 in 2017)	8,179	9,550
Prepaid pension assets	5,655	4,643
Deferred costs	2,581	2,136	[2]
Deferred taxes	4,436	4,862
Goodwill	36,526	36,788
Intangible assets - net	3,134	3,742
Investments and sundry assets	2,272	2,783	[2]
Total assets	121,990	125,356
Current liabilities:
Taxes	2,502	4,219
Short-term debt	10,932	6,987
Accounts payable	5,384	6,451
Compensation and benefits	3,601	3,644
Deferred income	10,704	11,552
Other accrued expenses and liabilities	3,700	4,510
Total current liabilities	36,822	37,363
Long-term debt	35,989	39,837
Retirement and nonpension postretirement benefit obligations	15,774	16,720
Deferred income	3,507	3,746
Other liabilities	9,979	9,965
Total liabilities	102,071	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 - 2,232,637,802; 2017 - 2,229,428,813	54,987	54,566
Retained earnings	158,612	153,126
Treasury stock, at cost; Shares: 2018 - 1,323,844,025; 2017 - 1,307,249,588	(165,995)	(163,507)
Accumulated other comprehensive income/(loss)	(27,820)	(26,592)
Total IBM stockholders' equity	19,784	17,594
Noncontrolling interests	134	131
Total equity	19,918	17,725
Total liabilities and equity	$ 121,990	$ 125,356

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

[2] Recast to conform to current period presentation.