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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 12,041 $ 8,172
Restricted cash 147 141
Marketable securities 2,063 696
Notes and accounts receivable - trade (net of allowances of $369 in 2020 and $299 in 2019) 6,543 7,870
Short-term financing receivables (net of allowances of $206 in 2020 and $188 in 2019) 11,967 14,192
Other accounts receivable (net of allowances of $32 in 2020 and $33 in 2019) 937 1,733
Inventories, at lower of average cost or net realizable value:    
Finished goods 288 220
Work in process and raw materials 1,581 1,399
Total 1,869 1,619
Deferred costs 2,127 1,896
Prepaid expenses and other current assets 2,260 2,101
Total current assets 39,953 38,420
Property, plant and equipment 31,666 32,028
Less: Accumulated depreciation 21,957 22,018
Property, plant and equipment - net 9,709 10,010
Operating right-of-use assets - net 4,774 4,996
Long-term financing receivables (net of allowances of $58 in 2020 and $33 in 2019) 7,351 8,712
Prepaid pension assets 7,254 6,865
Deferred costs 2,445 2,472
Deferred taxes 8,689 5,182
Goodwill 57,833 58,222
Intangible assets - net 14,270 15,235
Investments and sundry assets 1,921 2,074
Total assets 154,200 152,186
Current liabilities:    
Taxes 2,627 2,839
Short-term debt 9,289 8,797
Accounts payable 4,719 4,896
Compensation and benefits 3,486 3,406
Deferred income 12,469 12,026
Operating lease liabilities 1,343 1,380
Other accrued expenses and liabilities 4,509 4,357
Total current liabilities 38,442 37,701
Long-term debt 55,449 54,102
Retirement and nonpension postretirement benefit obligations 16,483 17,142
Deferred income 3,787 3,851
Operating lease liabilities 3,684 3,879
Other liabilities 15,666 14,526
Total liabilities 133,512 131,202
IBM stockholders' equity:    
Common stock, par value $.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued: 2020-2,241,228,730; 2019-2,237,996,975 56,135 55,895
Retained earnings 162,559 162,954
Treasury stock, at cost; Shares: 2020-1,350,649,982; 2019-1,350,886,521 (169,386) (169,413)
Accumulated other comprehensive income/(loss) (28,757) (28,597)
Total IBM stockholders' equity 20,551 20,841
Noncontrolling interests 137 144
Total equity 20,688 20,985
Total liabilities and equity $ 154,200 $ 152,186