CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions		Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents		$ 17,134	$ 11,379
Restricted cash		137	225
Marketable securities		872	618
Notes and accounts receivable - trade (net of allowances of $316 in 2019 and $309 in 2018)		6,987	7,432
Short-term financing receivables (net of allowances of $248 in 2019 and $244 in 2018)		20,287	22,388
Other accounts receivable (net of allowances of $33 in 2019 and $38 in 2018)		671	743
Inventories, at lower of average cost or net realizable value:
Finished goods		369	266
Work in process and raw materials		1,402	1,415
Total inventories		1,771	1,682
Deferred costs		2,368	2,300
Prepaid expenses and other current assets		2,478	2,378
Total current assets		52,705	49,146
Property, plant and equipment		32,692	32,460
Less: Accumulated depreciation		22,017	21,668
Property, plant and equipment - net		10,675	10,792
Operating right-of-use assets - net	[1]	4,634
Long-term financing receivables (net of allowances of $38 in 2019 and $48 in 2018)		8,361	9,148
Prepaid pension assets		4,966	4,666
Deferred costs		2,663	2,676
Deferred taxes		5,284	5,216
Goodwill		36,281	36,265
Intangible assets - net		2,956	3,087
Investments and sundry assets		2,403	2,386
Total assets		130,926	123,382
Current liabilities:
Taxes		2,484	3,046
Short-term debt		10,250	10,207
Accounts payable		5,711	6,558
Compensation and benefits		3,027	3,310
Deferred income		12,134	11,165
Operating lease liabilities	[1]	1,313
Other accrued expenses and liabilities		3,952	3,941
Total current liabilities		38,871	38,227
Long-term debt		39,727	35,605
Retirement and nonpension postretirement benefit obligations		16,467	17,002
Deferred income		3,481	3,445
Operating lease liabilities	[1]	3,590
Other liabilities		12,184	12,174
Total liabilities		114,320	106,452
IBM stockholders' equity:
Common stock, par value $.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued: 2019 - 2,234,819,047; 2018 - 2,233,427,058		55,287	55,151
Retained earnings		159,396	159,206
Treasury stock, at cost; Shares 2019 - 1,348,176,174; 2018 - 1,340,947,648		(169,021)	(168,071)
Accumulated other comprehensive income/(loss)		(29,182)	(29,490)
Total IBM stockholders' equity		16,481	16,796
Noncontrolling interests		126	134
Total equity		16,607	16,929
Total liabilities and equity		$ 130,926	$ 123,382

[1] Reflects the adoption of the FASB guidance on leases. Refer to note 2, "Accounting Changes" and note 5, "Leases.”