CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 7,350	$ 13,212
Restricted cash	215	463
Marketable securities	600	600
Notes and accounts receivable - trade (net of allowances of $300 in 2021 and $351 in 2020)	6,827	7,132
Short-term financing receivables (net of allowances of $195 in 2021 and $218 in 2020)	8,194	10,892
Other accounts receivable (net of allowances of $23 in 2021 and $28 in 2020)	802	714
Inventories, at lower of average cost or net realizable value:
Finished goods	213	190
Work in process and raw materials	1,594	1,649
Total inventory	1,807	1,839
Deferred costs	2,211	2,107
Prepaid expenses and other current assets	2,768	2,206
Total current assets	30,774	39,165
Property, plant and equipment	32,575	33,176
Less: Accumulated depreciation	23,152	23,136
Property, plant and equipment - net	9,423	10,040
Operating right-of-use assets-net	4,387	4,686
Long-term financing receivables (net of allowances of $33 in 2021 and $45 in 2020)	5,674	7,086
Prepaid pension assets	8,046	7,610
Deferred costs	2,362	2,449
Deferred taxes	8,954	9,241
Goodwill	61,645	59,617
Intangible assets-net	13,539	13,796
Investments and sundry assets	2,010	2,282
Total assets	146,814	155,971
Current liabilities
Taxes	2,260	3,301
Short-term debt	6,442	7,183
Accounts payable	4,214	4,908
Compensation and benefits	3,846	3,440
Deferred income	13,272	12,833
Operating lease liabilities	1,334	1,357
Other accrued expenses and liabilities	5,249	6,847
Total current liabilities	36,616	39,869
Long-term debt	48,735	54,355
Retirement and nonpension postretirement benefit obligations	17,265	18,248
Deferred income	4,113	4,301
Operating lease liabilities	3,278	3,574
Other liabilities	14,741	14,897
Total liabilities	124,747	135,244
IBM stockholders' equity
Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2021-2,246,982,842; 2020-2,242,969,004)	56,912	56,556
Retained earnings	162,086	162,717
Treasury stock, at cost (shares: 2021-1,350,662,770; 2020-1,350,315,580)	(169,404)	(169,339)
Accumulated other comprehensive income/(loss)	(27,652)	(29,337)
Total IBM stockholders' equity	21,942	20,597
Noncontrolling interests	125	129
Total equity	22,067	20,727
Total liabilities and equity	$ 146,814	$ 155,971