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