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