CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 7,034.0	$ 6,650.0
Restricted cash	220.0	307.0
Marketable securities	524.0	600.0
Notes and accounts receivable - trade (net of allowances of $213 in 2022 and $218 in 2021)	5,867.0	6,754.0
Short-term financing receivables, held for investment (net of allowances of $150 in 2022 and $176 in 2021)	6,619.0	7,221.0
Short-term financing receivables, held for sale	614.0	793.0
Other accounts receivable (net of allowances of $35 in 2022 and $24 in 2021)	909.0	1,002.0
Inventories, at lower of average cost or net realizable value:
Finished goods	184.0	208.0
Work in process and raw materials	1,499.0	1,442.0
Total inventory	1,684.0	1,649.0
Deferred costs	1,010.0	1,097.0
Prepaid expenses and other current assets	3,414.0	3,466.0
Total current assets	27,896.0	29,539.0
Property, plant and equipment	19,079.0	20,085.0
Less: Accumulated depreciation	13,804.0	14,390.0
Property, plant and equipment - net	5,275.0	5,694.0
Operating right-of-use assets-net	2,848.0	3,222.0
Long-term financing receivables (net of allowances of $22 in 2022 and $25 in 2021)	5,316.0	5,425.0
Prepaid pension assets	9,930.0	9,850.0
Deferred costs	865.0	924.0
Deferred taxes	7,073.0	7,370.0
Goodwill	55,039.0	55,643.0
Intangible assets-net	11,571.0	12,511.0
Investments and sundry assets	1,689.0	1,823.0
Total assets	127,503.0	132,001.0
Current liabilities
Taxes	1,742.0	2,289.0
Short-term debt	5,981.0	6,787.0
Accounts payable	3,707.0	3,955.0
Compensation and benefits	3,327.0	3,204.0
Deferred income	12,522.0	12,518.0
Operating lease liabilities	884.0	974.0
Other accrued expenses and liabilities	3,682.0	3,892.0
Total current liabilities	31,844.0	33,619.0
Long-term debt	44,328.0	44,917.0
Retirement and nonpension postretirement benefit obligations	13,118.0	14,435.0
Deferred income	3,069.0	3,577.0
Operating lease liabilities	2,182.0	2,462.0
Other liabilities	13,486.0	13,996.0
Total liabilities	108,026.0	113,005.0
IBM stockholders' equity
Common stock, par value $.20 per share, and additional paid-in capital Shares authorized: 4,687,500,000 Shares issued (2022-2,254,538,572; 2021-2,248,577,848)	57,802.0	57,319.0
Retained earnings	153,298.0	154,209.0
Treasury stock, at cost (shares: 2022-1,351,358,219; 2021-1,350,509,249)	(169,522.0)	(169,392.0)
Accumulated other comprehensive income/(loss)	(22,169.0)	(23,234.0)
Total IBM stockholders' equity	19,409.0	18,901.0
Noncontrolling interests	67.0	95.0
Total equity	19,476.0	18,996.0
Total liabilities and equity	$ 127,503.0	$ 132,001.0