XML 39 R29.htm IDEA: XBRL DOCUMENT v3.23.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
Revenue Recognition  
Schedule of disaggregation of revenue

Revenue by Major Products/Service Offerings

​

​

​

​

​

​

​

(Dollars in millions)

​

​

For the three months ended March 31:

​

2023

​

2022

Hybrid Platform & Solutions

​

$

4,179

​

$

4,080

Transaction Processing

​

​

1,742

​

​

1,692

Total Software

​

$

5,921

​

$

5,772

Business Transformation

​

 

2,283

​

 

2,255

Application Operations

​

 

1,736

​

 

1,619

Technology Consulting

​

 

943

​

 

955

Total Consulting

​

$

4,962

​

$

4,829

Hybrid Infrastructure

​

 

1,709

​

 

1,700

Infrastructure Support

​

 

1,389

​

 

1,519

Total Infrastructure

​

$

3,098

​

$

3,219

Financing*

​

 

196

​

 

154

Other

​

 

75

​

 

224

Total revenue

​

$

14,252

​

$

14,197

* Contains lease and loan financing arrangements which are not subject to the guidance on revenue from contracts with customers.

Schedule of disaggregation of revenue by geography

Revenue by Geography

​

​

​

​

​

​

​

(Dollars in millions)

    

​

For the three months ended March 31:

​

2023

​

2022

Americas

​

$

7,078

​

$

7,056

Europe/Middle East/Africa

​

 

4,331

​

 

4,231

Asia Pacific

​

 

2,843

​

 

2,910

Total

​

$

14,252

​

$

14,197

​

Schedule of reconciliation of contract balances

​

​

​

​

​

​

​

​

​

    

At March 31, 

    

At December 31, 

(Dollars in millions)

​

2023

​

2022

Notes and accounts receivable — trade (net of allowances of $250 in 2023 and $233 in 2022)

​

$

5,757

​

$

6,541

Contract assets*

​

$

461

​

$

464

Deferred income (current)

​

$

13,220

​

$

12,032

Deferred income (noncurrent)

​

$

3,443

​

$

3,499

*

Included within prepaid expenses and other current assets in the Consolidated Balance Sheet.

Schedule of notes and accounts receivable - trade allowance for credit losses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(Dollars in millions)

    

    

​

    

    

​

    

    

​

    

    

​

January 1, 2023

​

Additions / (Releases)

​

Write-offs 

​

Foreign currency and other

​

March 31, 2023

$

233

​

$

23

​

$

(8)

​

$

1

​

$

250

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

January 1, 2022

​

Additions / (Releases)

​

Write-offs 

​

Foreign currency and other

​

December 31, 2022

$

218

​

$

59

​

$

(31)

​

$

(14)

​

$

233

​