XML 76 R65.htm IDEA: XBRL DOCUMENT v3.22.1
Financial Assets & Liabilities - Fair Value Measurements (Details) - USD ($)
$ in Millions
3 Months Ended
Nov. 03, 2021
Mar. 31, 2022
Dec. 31, 2021
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Debt securities - current   $ 550 $ 600
Shares retained (as percent) 19.90%    
Kyndryl stock, unrealized loss   (222)  
Common Stock      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Equity investments   585 807
Kyndryl Holdings, Inc      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Period in which shares are intended to be disposed of after separation 12 months    
Recurring      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Cash equivalents   6,268 2,766
Total assets   7,980 4,608
Total liabilities   231 162
Recurring | Prepaid expenses and other current assets      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivative assets   511 358
Recurring | Investments and sundry assets      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivative assets   29 40
Recurring | Other accrued expenses and liabilities      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivative liabilities   117 60
Recurring | Other liabilities      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivative liabilities   114 103
Recurring | Level 1      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Equity investments     0
Recurring | Level 1 | Money market funds      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Cash equivalents   2,393 263
Recurring | Level 2      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Debt securities - current   550 600
Recurring | Level 2 | Interest rate contracts      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivatives designated as hedging - Assets   11 12
Derivatives designated as hedging - Liabilities   6  
Recurring | Level 2 | Foreign exchange contracts      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivatives designated as hedging - Assets   505 359
Derivatives designated as hedging - Liabilities   179 117
Derivatives not designated as hedging - Assets   19 21
Derivatives not designated as hedging - Liabilities   30 42
Recurring | Level 2 | Time deposits and certificates of deposit      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Cash equivalents   3,875 1,903
Recurring | Level 2 | U.S. government securities      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Cash equivalents     599
Recurring | Level 1 And 2 | Equity contracts      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Derivatives not designated as hedging - Assets   5 6
Derivatives not designated as hedging - Liabilities   17 4
Recurring | Level 2 And 3      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Debt securities - noncurrent   36 37
Recurring | Kyndryl Holdings, Inc | Common Stock | Level 1      
Financial assets and financial liabilities measured at fair value on a recurring basis:      
Equity investments   $ 585 $ 807