| Schedule of disaggregation of revenue |
The following tables provide details of revenue by major products/service offerings and revenue by geography. Revenue by Major Products/Service Offerings | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (Dollars in millions) | | 2023 | | 2022 | | 2023 | | 2022 | | Hybrid Platform & Solutions | | $ | 4,665 | | | $ | 4,390 | | | $ | 8,844 | | | $ | 8,470 | | | Transaction Processing | | 1,943 | | | 1,776 | | | 3,685 | | | 3,468 | | | Total Software | | $ | 6,608 | | | $ | 6,166 | | | $ | 12,529 | | | $ | 11,938 | | | Business Transformation | | 2,295 | | | 2,227 | | | 4,578 | | | 4,482 | | | Application Operations | | 1,758 | | | 1,653 | | | 3,494 | | | 3,272 | | | Technology Consulting | | 961 | | | 928 | | | 1,904 | | | 1,884 | | | Total Consulting | | $ | 5,013 | | | $ | 4,809 | | | $ | 9,975 | | | $ | 9,637 | | | Hybrid Infrastructure | | 2,260 | | | 2,760 | | | 3,969 | | | 4,461 | | | Infrastructure Support | | 1,358 | | | 1,474 | | | 2,747 | | | 2,993 | | | Total Infrastructure | | $ | 3,618 | | | $ | 4,235 | | | $ | 6,716 | | | $ | 7,453 | | | Financing* | | 185 | | | 146 | | | 380 | | | 300 | | | Other | | 51 | | | 180 | | | 126 | | | 404 | | | Total revenue | | $ | 15,475 | | | $ | 15,535 | | | $ | 29,727 | | | $ | 29,732 | |
*Contains lease and loan financing arrangements which are not subject to the guidance on revenue from contracts with customers.
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| Schedule of disaggregation of revenue by geography |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (Dollars in millions) | | 2023 | | 2022 | | 2023 | | 2022 | | Americas | | $ | 8,046 | | | $ | 8,142 | | | $ | 15,124 | | | $ | 15,198 | | | Europe/Middle East/Africa | | 4,602 | | | 4,526 | | | 8,933 | | | 8,757 | | | Asia Pacific | | 2,827 | | | 2,868 | | | 5,670 | | | 5,778 | | | Total | | $ | 15,475 | | | $ | 15,535 | | | $ | 29,727 | | | $ | 29,732 | |
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| Schedule of reconciliation of contract balances |
The following table provides information about notes and accounts receivable–trade, contract assets and deferred income balances. | | | | | | | | | | | | | | | | (Dollars in millions) | | At June 30, 2023 | | At December 31, 2022 | Notes and accounts receivable — trade (net of allowances of $217 in 2023 and $233 in 2022) | | $ | 5,673 | | | $ | 6,541 | | | Contract assets* | | $ | 447 | | | $ | 464 | | | Deferred income (current) | | $ | 12,712 | | | $ | 12,032 | | | Deferred income (noncurrent) | | $ | 3,264 | | | $ | 3,499 | |
*Included within prepaid expenses and other current assets in the Consolidated Balance Sheet.
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| Schedule of notes and accounts receivable - trade allowance for credit losses |
The following table provides roll forwards of the notes and accounts receivable–trade allowance for expected credit losses for the six months ended June 30, 2023 and the year ended December 31, 2022. | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | | | | | | | | | January 1, 2023 | | Additions / (Releases) | | Write-offs | | Foreign currency and other | | June 30, 2023 | | $ | 233 | | | $ | 31 | | | $ | (47) | | | $ | 1 | | | $ | 217 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | January 1, 2022 | | Additions / (Releases) | | Write-offs | | Foreign currency and other | | December 31, 2022 | | $ | 218 | | | $ | 59 | | | $ | (31) | | | $ | (14) | | | $ | 233 | |
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