CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 14,393	$ 8,172
Restricted cash	160	141
Marketable securities	1,200	696
Notes and accounts receivable - trade (net of allowances of $354 in 2020 and $299 in 2019)	6,099	7,870
Short-term financing receivables (net of allowances of $205 in 2020 and $188 in 2019)	10,848	14,192
Other accounts receivable (net of allowances of $32 in 2020 and $33 in 2019)	923	1,733
Inventories, at lower of average cost or net realizable value:
Finished goods	287	220
Work in process and raw materials	1,662	1,399
Total	1,949	1,619
Deferred costs	2,084	1,896
Prepaid expenses and other current assets	2,188	2,101
Total current assets	39,845	38,420
Property, plant and equipment	32,432	32,028
Less: Accumulated depreciation	22,474	22,018
Property, plant and equipment - net	9,958	10,010
Operating right-of-use assets - net	4,715	4,996
Long-term financing receivables (net of allowances of $59 in 2020 and $33 in 2019)	6,423	8,712
Prepaid pension assets	7,636	6,865
Deferred costs	2,438	2,472
Deferred taxes	8,852	5,182
Goodwill	58,355	58,222
Intangible assets - net	13,962	15,235
Investments and sundry assets	1,944	2,074
Total assets	154,128	152,186
Current liabilities:
Taxes	2,375	2,839
Short-term debt	10,285	8,797
Accounts payable	3,985	4,896
Compensation and benefits	3,602	3,406
Deferred income	11,681	12,026
Operating lease liabilities	1,336	1,380
Other accrued expenses and liabilities	4,730	4,357
Total current liabilities	37,993	37,701
Long-term debt	55,129	54,102
Retirement and nonpension postretirement benefit obligations	16,732	17,142
Deferred income	3,820	3,851
Operating lease liabilities	3,635	3,879
Other liabilities	15,484	14,526
Total liabilities	132,794	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: 2020-2,241,658,034; 2019-2,237,996,975	56,366	55,895
Retained earnings	162,806	162,954
Treasury stock, at cost; Shares: 2020-1,350,600,918; 2019-1,350,886,521	(169,380)	(169,413)
Accumulated other comprehensive income/(loss)	(28,584)	(28,597)
Total IBM stockholders' equity	21,208	20,841
Noncontrolling interests	126	144
Total equity	21,334	20,985
Total liabilities and equity	$ 154,128	$ 152,186