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CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,087 $ 11,379
Restricted cash 138 225
Marketable securities 733 618
Notes and accounts receivable - trade (net of allowances of $286 in 2019 and $309 in 2018) 6,753 7,432
Short-term financing receivables (net of allowances of $225 in 2019 and $244 in 2018) 12,330 22,388
Other accounts receivable (net of allowances of $35 in 2019 and $38 in 2018) 1,876 743
Inventories, at lower of average cost or net realizable value:    
Finished goods 351 266
Work in process and raw materials 1,361 1,415
Total inventories 1,712 1,682
Deferred costs 1,978 2,300
Prepaid expenses and other current assets 2,515 2,378
Total current assets 38,121 49,146
Property, plant and equipment 31,670 32,460
Less: Accumulated depreciation 21,608 21,668
Property, plant and equipment - net 10,063 10,792
Operating right-of-use assets - net [1] 4,901  
Long-term financing receivables (net of allowances of $32 in 2019 and $48 in 2018) 7,739 9,148
Prepaid pension assets 5,481 4,666
Deferred costs 2,535 2,676
Deferred taxes 4,994 5,216
Goodwill 57,951 36,265
Intangible assets - net 15,613 3,087
Investments and sundry assets 2,221 2,386
Total assets 149,620 123,382
Current liabilities:    
Taxes 2,154 3,046
Short-term debt 8,530 10,207
Accounts payable 4,042 6,558
Compensation and benefits 3,504 3,310
Deferred income 11,223 11,165
Operating lease liabilities [1] 1,377  
Other accrued expenses and liabilities 4,235 3,941
Total current liabilities 35,066 38,227
Long-term debt 57,797 35,605
Retirement and nonpension postretirement benefit obligations 15,925 17,002
Deferred income 3,382 3,445
Operating lease liabilities [1] 3,790  
Other liabilities 15,564 12,174
Total liabilities 131,524 106,452
IBM stockholders' equity:    
Common stock, par value $.20 per share, and additional paid-in capital; Shares authorized: 4,687,500,000; Shares issued: 2019 - 2,237,055,309; 2018 - 2,233,427,058 55,808 55,151
Retained earnings 160,709 159,206
Treasury stock, at cost; Shares 2019 - 1,351,417,855; 2018 - 1,340,947,648 (169,474) (168,071)
Accumulated other comprehensive income/(loss) (29,086) (29,490)
Total IBM stockholders' equity 17,956 16,796
Noncontrolling interests 139 134
Total equity 18,096 16,929
Total liabilities and equity $ 149,620 $ 123,382
[1] * Reflects the adoption of the FASB guidance on leases. Refer to note 2, “Accounting Changes” and note 5, “Leases.”