CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions		Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents		$ 45,399	$ 11,379
Restricted cash		135	225
Marketable securities		874	618
Notes and accounts receivable - trade (net of allowances of $281 in 2019 and $309 in 2018)		7,414	7,432
Short-term financing receivables (net of allowances of $243 in 2019 and $244 in 2018)		15,543	22,388
Other accounts receivable (net of allowances of $39 in 2019 and $38 in 2018)		1,781	743
Inventories, at lower of average cost or net realizable value:
Finished goods		324	266
Work in process and raw materials		1,421	1,415
Total inventories		1,745	1,682
Deferred costs		2,217	2,300
Prepaid expenses and other current assets		2,409	2,378
Total current assets		77,517	49,146
Property, plant and equipment		31,843	32,460
Less: Accumulated depreciation		21,641	21,668
Property, plant and equipment - net		10,202	10,792
Operating right-of-use assets - net	[1]	4,998
Long-term financing receivables (net of allowances of $35 in 2019 and $48 in 2018)		8,441	9,148
Prepaid pension assets		5,319	4,666
Deferred costs		2,662	2,676
Deferred taxes		5,274	5,216
Goodwill		35,284	36,265
Intangible assets - net		2,728	3,087
Investments and sundry assets		2,228	2,386
Total assets		154,652	123,382
Current liabilities:
Taxes		2,439	3,046
Short-term debt		14,594	10,207
Accounts payable		4,724	6,558
Compensation and benefits		3,556	3,310
Deferred income		11,261	11,165
Operating lease liabilities	[1]	1,319
Other accrued expenses and liabilities		4,458	3,941
Total current liabilities		42,351	38,227
Long-term debt		58,445	35,605
Retirement and nonpension postretirement benefit obligations		16,471	17,002
Deferred income		3,474	3,445
Operating lease liabilities	[1]	3,946
Other liabilities		12,190	12,174
Total liabilities		136,876	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 - 2,236,702,273; 2018 - 2,233,427,058		55,404	55,151
Retained earnings		160,467	159,206
Treasury stock, at cost; Shares 2019 - 1,350,827,113; 2018 - 1,340,947,648		(169,385)	(168,071)
Accumulated other comprehensive income/(loss)		(28,841)	(29,490)
Total IBM stockholders' equity		17,645	16,796
Noncontrolling interests		131	134
Total equity		17,776	16,929
Total liabilities and equity		$ 154,652	$ 123,382

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