2015 Q4 Form 8-K Financial Statement

#000110465916126857 Filed on June 13, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $22.06B $49.91B $24.11B
YoY Change -8.52% -46.21% -11.95%
Cost Of Revenue $10.65B $41.06B $11.25B
YoY Change -5.32% -11.49% -13.77%
Gross Profit $11.41B $40.68B $12.86B
YoY Change -11.31% -12.33% -10.29%
Gross Profit Margin 51.71% 81.51% 53.34%
Selling, General & Admin $5.101B $19.51B $5.375B
YoY Change -5.1% -15.82% -9.48%
% of Gross Profit 44.72% 47.96% 41.79%
Research & Development $1.362B $3.064B $1.320B
YoY Change 3.18% -43.65% -9.09%
% of Gross Profit 11.94% 7.53% 10.26%
Depreciation & Amortization $990.0M $2.662B $1.046B
YoY Change -5.35% -15.36% -13.84%
% of Gross Profit 8.68% 6.54% 8.13%
Operating Expenses $6.285B $3.064B $5.162B
YoY Change 21.76% -89.29% -28.39%
Operating Profit $5.122B $37.62B $7.700B
YoY Change -33.48% 111.47% 8.01%
Interest Expense -$13.00M $468.0M -$27.00M
YoY Change -51.85% -3.31% 145.45%
% of Operating Profit -0.25% 1.24% -0.35%
Other Income/Expense, Net $2.000M $1.000M
YoY Change
Pretax Income $5.099B $5.915B $7.095B
YoY Change -28.13% -70.4% -0.1%
Income Tax $638.0M $2.581B $1.579B
% Of Pretax Income 12.51% 43.63% 22.26%
Net Earnings $4.464B $13.19B $5.485B
YoY Change -18.61% 9.72% -11.32%
Net Earnings / Revenue 20.24% 26.43% 22.75%
Basic Earnings Per Share $13.48
Diluted Earnings Per Share $4.588M $13.42 $5.513M
COMMON SHARES
Basic Shares Outstanding 978.7M shares
Diluted Shares Outstanding 982.7M shares

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.200B $8.200B $8.500B
YoY Change -3.53% -3.53% -23.44%
Cash & Equivalents $7.686B $7.686B $8.476B
Short-Term Investments $514.0M $514.0M $24.00M
Other Short-Term Assets $4.199B $4.199B $4.943B
YoY Change -15.05% -15.05% -18.99%
Inventory $1.551B $1.551B $2.103B
Prepaid Expenses
Receivables $8.333B $8.333B $9.090B
Other Receivables $1.201B $20.22B $2.906B
Total Short-Term Assets $42.50B $42.50B $47.38B
YoY Change -10.29% -10.29% -7.74%
LONG-TERM ASSETS
Property, Plant & Equipment $10.73B $10.73B $10.77B
YoY Change -0.41% -0.41% -22.07%
Goodwill $32.02B $30.56B
YoY Change 4.79% -2.01%
Intangibles $3.487B $3.104B
YoY Change 12.34% -19.81%
Long-Term Investments $82.00M $475.0M $98.00M
YoY Change -16.33% -20.03% -10.91%
Other Assets $5.187B $10.75B $5.520B
YoY Change -6.03% -18.86% 18.99%
Total Long-Term Assets $67.99B $67.99B $69.89B
YoY Change -2.72% -2.72% -5.92%
TOTAL ASSETS
Total Short-Term Assets $42.50B $42.50B $47.38B
Total Long-Term Assets $67.99B $67.99B $69.89B
Total Assets $110.5B $110.5B $117.3B
YoY Change -5.78% -5.78% -6.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.028B $6.028B $6.864B
YoY Change -12.18% -12.18% -8.0%
Accrued Expenses $7.913B $7.913B $10.03B
YoY Change -21.07% -21.07% 16.02%
Deferred Revenue
YoY Change
Short-Term Debt $1.190B $1.190B $1.130B
YoY Change 5.31% 5.31% -62.45%
Long-Term Debt Due $5.271B $5.271B $4.601B
YoY Change 14.56% 14.56% 19.38%
Total Short-Term Liabilities $34.27B $34.27B $39.58B
YoY Change -13.42% -13.42% -1.43%
LONG-TERM LIABILITIES
Long-Term Debt $33.43B $33.43B $34.99B
YoY Change -4.47% -4.47% 6.5%
Other Long-Term Liabilities $8.099B $28.12B $8.733B
YoY Change -7.26% -7.97% -12.09%
Total Long-Term Liabilities $41.53B $61.55B $43.72B
YoY Change -5.02% -6.1% 2.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.27B $34.27B $39.58B
Total Long-Term Liabilities $41.53B $61.55B $43.72B
Total Liabilities $96.07B $96.23B $105.3B
YoY Change -8.73% -8.7% 1.9%
SHAREHOLDERS EQUITY
Retained Earnings $146.1B $137.8B
YoY Change 6.05% 5.96%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $155.5B $150.7B
YoY Change 3.19% 9.82%
Treasury Stock Shares 1.255B shares 1.225B shares
Shareholders Equity $14.26B $14.26B $11.87B
YoY Change
Total Liabilities & Shareholders Equity $110.5B $110.5B $117.3B
YoY Change -5.78% -5.78% -7.09%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $4.464B $13.19B $5.485B
YoY Change -18.61% 9.72% -11.32%
Depreciation, Depletion And Amortization $990.0M $2.662B $1.046B
YoY Change -5.35% -15.36% -13.84%
Cash From Operating Activities $5.278B $17.26B $6.058B
YoY Change -12.88% 2.29% -7.2%
INVESTING ACTIVITIES
Capital Expenditures -$1.074B $3.579B -$1.054B
YoY Change 1.9% -4.3% -10.3%
Acquisitions $3.349B
YoY Change 410.52%
Other Investing Activities -$4.371B -$4.008B -$182.0M
YoY Change 2301.65% -439.09% -89.47%
Cash From Investing Activities -$5.445B -$8.159B -$1.236B
YoY Change 340.53% 171.88% -57.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.609B
YoY Change -66.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.348B -9.413B -5.699B
YoY Change -76.35% -39.08% 89.15%
NET CHANGE
Cash From Operating Activities 5.278B 17.26B 6.058B
Cash From Investing Activities -5.445B -8.159B -1.236B
Cash From Financing Activities -1.348B -9.413B -5.699B
Net Change In Cash -1.515B 7.842B -877.0M
YoY Change 72.75% -594.76% -243.3%
FREE CASH FLOW
Cash From Operating Activities $5.278B $17.26B $6.058B
Capital Expenditures -$1.074B $3.579B -$1.054B
Free Cash Flow $6.352B $13.68B $7.112B
YoY Change -10.69% 4.17% -7.67%

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FinancialServicesCosts
1040000000 USD
CY2013 us-gaap Financial Services Costs
FinancialServicesCosts
1110000000 USD
CY2014 us-gaap Cost Of Revenue
CostOfRevenue
46386000000 USD
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
49683000000 USD
CY2014 us-gaap Gross Profit
GrossProfit
46407000000 USD
CY2013 us-gaap Gross Profit
GrossProfit
48684000000 USD
CY2014 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23180000000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
23451000000 USD
CY2014 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5437000000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5743000000 USD
CY2014 us-gaap Revenues
Revenues
92793000000 USD
CY2013 ibm Intellectual Property And Custom Development Income
IntellectualPropertyAndCustomDevelopmentIncome
822000000 USD
CY2014 ibm Other Income And Expense
OtherIncomeAndExpense
-1938000000 USD
CY2013 ibm Other Income And Expense
OtherIncomeAndExpense
-333000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
402000000 USD
CY2014 ibm Expense And Other Income
ExpenseAndOtherIncome
26421000000 USD
CY2013 ibm Expense And Other Income
ExpenseAndOtherIncome
28440000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
19986000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20244000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4234000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3363000000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
19020000000 USD
CY2015Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
10013000000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-29607000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27875000000 USD
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Use of Estimates</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of financial statements in conformity wi</font><font style='font-family:Times New Roman;font-size:10pt;' >th GAAP requires management to make estimates and assumptions that affect the amounts of assets, liabilities, revenue, costs, expenses and other comprehensive income/(loss) (OCI) that are reported in the Consolidated Financial Statements and accompanying d</font><font style='font-family:Times New Roman;font-size:10pt;' >isclosures. These estimates are based on management&#8217;s best knowledge of current events, historical experience, actions that the company may undertake in the future and on various other assumptions that are believed to be reasonable under the circumstances.</font><font style='font-family:Times New Roman;font-size:10pt;' > As a result, actual results may be different from these estimates. See &#8220;Critical Accounting Estimates&#8221; on pages&#160;48 to 51 for a discussion of the company&#8217;s critical accounting estimates.</font></p></div>
CY2015 us-gaap Revenue Recognition Multiple Element Arrangements
RevenueRecognitionMultipleElementArrangements
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Multiple-Deliverable Arrangements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The company enters into revenue arrangements that may consist of multiple deliverables of its products and</font><font style='font-family:Times New Roman;font-size:10pt;' > services based on the needs of its clients. These arrangements may include any combination of services, software, hardware and/or financing. For example, a client may purchase a server that includes operating system software. In addition, the arrangement </font><font style='font-family:Times New Roman;font-size:10pt;' >may include post-contract support for the software and a contract for post-warranty maintenance service for the hardware. These types of arrangements can also include financing provided by the company. These arrangements consist of multiple deliverables, w</font><font style='font-family:Times New Roman;font-size:10pt;' >ith the hardware and software delivered in one reporting period and the software support and hardware maintenance services delivered across multiple reporting periods. In another example, a client may outsource the running of its datacenter operations to t</font><font style='font-family:Times New Roman;font-size:10pt;' >he company on a long-term, multiple-year basis and periodically purchase servers and/or software products from the company to upgrade or expand its facility. The outsourcing services are provided on a continuous basis across multiple reporting periods and </font><font style='font-family:Times New Roman;font-size:10pt;' >the hardware and software products are delivered in one reporting period. To the extent that a deliverable in a multiple-deliverable arrangement is subject to specific accounting guidance that deliverable is accounted for in accordance with such specific g</font><font style='font-family:Times New Roman;font-size:10pt;' >uidance. Examples of such arrangements may include leased hardware which is subject to specific leasing guidance or software which is subject to specific software revenue recognition guidance on whether and/or how to separate multiple-deliverable arrangeme</font><font style='font-family:Times New Roman;font-size:10pt;' >nts into separate units of accounting (</font><font style='font-family:Times New Roman;font-size:10pt;' >separability</font><font style='font-family:Times New Roman;font-size:10pt;' >) and how to allocate the arrangement consideration among those separate units of accounting (allocation). For all other deliverables in multiple-deliverable arrangements, the guidance below is applied for</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >separability</font><font style='font-family:Times New Roman;font-size:10pt;' > and allocation. A multiple-deliverable arrangement is separated into more than one unit of accounting if the following criteria are met:</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Symbol;font-size:10pt;margin-left:0pt;' >&#61623;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style='font-family:Times New Roman;font-size:10pt;' >The delivered item(s)&#160;has value to the client on a stand-alone basis; and</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Symbol;font-size:10pt;margin-left:0pt;' >&#61623;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style='font-family:Times New Roman;font-size:10pt;' >If the arrangement includes a general right of return relative to the delivered item(s), delivery or performance of the undelivered item(s)&#160;is considered probable and substantially in the control of the company.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >If these criteria are not met, the arrangement is accounted for as one unit of accounting which would result in revenue being recognized </font><font style='font-family:Times New Roman;font-size:10pt;' >ratably</font><font style='font-family:Times New Roman;font-size:10pt;' > over the contract term or being deferred until the earlier of when such criteria are met or when the last undel</font><font style='font-family:Times New Roman;font-size:10pt;' >ivered element is delivered. If these criteria are met for each element and there is a relative selling price for all units of accounting in an arrangement, the arrangement consideration is allocated to the separate units of accounting based on each unit&#8217;s</font><font style='font-family:Times New Roman;font-size:10pt;' > relative selling price. The following revenue policies are then applied to each unit of accounting, as applicable.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Revenue from the company&#8217;s cloud, analytics, mobile, security, and cognitive offerings follow the specific revenue recognition policies fo</font><font style='font-family:Times New Roman;font-size:10pt;' >r multiple deliverable arrangements and for each major category of revenue depending on the type of offering which can be comprised of services, hardware and/or software.</font></p></div>
CY2015 us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Services</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The company&#8217;s primary services offerings include information technology </font><font style='font-family:Times New Roman;font-size:10pt;' >(IT) datacenter and business process outsourcing, application management services, consulting and systems integration, technology infrastructure and system maintenance, hosting and the design and development of complex IT systems to a client&#8217;s specificati</font><font style='font-family:Times New Roman;font-size:10pt;' >ons (design and build). </font><font style='font-family:Times New Roman;font-size:10pt;' >Many of these services can be delivered entirely or partially through the cloud. </font><font style='font-family:Times New Roman;font-size:10pt;' >These services are provided on a time-and-material basis, as a fixed-price contract or as a fixed-price per measure of output contract and the contrac</font><font style='font-family:Times New Roman;font-size:10pt;' >t terms range from less than one year to over 10 years.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Revenue from IT datacenter and business process outsourcing contracts is recognized in the period the services are provided using either an objective measure of output or on a straight-line basis ov</font><font style='font-family:Times New Roman;font-size:10pt;' >er the term of the contract. Under the output method, the amount of revenue recognized is based on the services delivered in the period.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Revenue from application management services, technology infrastructure and system maintenance and hosting contracts </font><font style='font-family:Times New Roman;font-size:10pt;' >is recognized on a straight-line basis over the terms of the contracts. Revenue from time-and-material contracts is recognized as </font><font style='font-family:Times New Roman;font-size:10pt;' >labor</font><font style='font-family:Times New Roman;font-size:10pt;' > hours are delivered and direct expenses are incurred. Revenue related to extended warranty and product maintenance contr</font><font style='font-family:Times New Roman;font-size:10pt;' >acts is recognized on a straight-line basis over the delivery period.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Revenue from fixed-price design and build contracts is recognized under the percentage-of-completion (POC) method. Under the POC method, revenue is recognized based on the </font><font style='font-family:Times New Roman;font-size:10pt;' >labor</font><font style='font-family:Times New Roman;font-size:10pt;' > costs </font><font style='font-family:Times New Roman;font-size:10pt;' >incurred to date as a percentage of the total estimated </font><font style='font-family:Times New Roman;font-size:10pt;' >labor</font><font style='font-family:Times New Roman;font-size:10pt;' > costs to fulfill the contract. If circumstances arise that change the original estimates of revenues, costs, or extent of progress toward completion, revisions to the estimates are made. These r</font><font style='font-family:Times New Roman;font-size:10pt;' >evisions may result in increases or decreases in estimated revenues or costs, and such revisions are reflected in income in the period in which the circumstances that gave rise to the revision become known by the company.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >The company performs ongoing pro</font><font style='font-family:Times New Roman;font-size:10pt;' >fitability analyses of its services contracts accounted for under the POC method in order to determine whether the latest estimates of revenues, costs and profits require updating. If at any time these estimates indicate that the contract will be unprofita</font><font style='font-family:Times New Roman;font-size:10pt;' >ble, the entire estimated loss for the remainder of the contract is recorded immediately. For non-POC method services contracts, any losses are recorded as incurred.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >In some services contracts, the company bills the client prior to recognizing revenue fr</font><font style='font-family:Times New Roman;font-size:10pt;' >om performing the services. Deferred income of $</font><font style='font-family:Times New Roman;font-size:10pt;' >6,039</font><font style='font-family:Times New Roman;font-size:10pt;' > million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >6,352 </font><font style='font-family:Times New Roman;font-size:10pt;' >million at December&#160;31, 2015 and 2014, respectively, is included in the Consolidated Statement of Financial Position. In other services contracts, the company performs the services pr</font><font style='font-family:Times New Roman;font-size:10pt;' >ior to billing the client. Unbilled accounts receivable of $</font><font style='font-family:Times New Roman;font-size:10pt;' >1,630 </font><font style='font-family:Times New Roman;font-size:10pt;' >million and $</font><font style='font-family:Times New Roman;font-size:10pt;' >1,833 </font><font style='font-family:Times New Roman;font-size:10pt;' >million at December&#160;31, 2015 and 2014, respectively, is included in notes and accounts receivable-trade in the Consolidated Statement of Financial Position.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Billings usu</font><font style='font-family:Times New Roman;font-size:10pt;' >ally occur in the month after the company performs the services or in accordance with specific contractual provisions. Unbilled receivables are expected to be billed within four months.</font></p></div>
CY2015 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Hardware</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The company&#8217;s hardware offerings include the sale or leas</font><font style='font-family:Times New Roman;font-size:10pt;' >e of system servers, storage solutions and the sale of semiconductors. The company also offers installation services for its more complex hardware products.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >Revenue from hardware sales and sales-type leases is recognized when risk of loss has transferred</font><font style='font-family:Times New Roman;font-size:10pt;' > to the client and there are no unfulfilled company obligations that affect the client&#8217;s final acceptance of the arrangement. Any cost of standard warranties and remaining obligations that are inconsequential or perfunctory are accrued when the correspondi</font><font style='font-family:Times New Roman;font-size:10pt;' >ng revenue is recognized. Revenue from rentals and operating leases is recognized on a straight-line basis over the term of the rental or lease.</font></p></div>
CY2015 us-gaap Revenue Recognition Software
RevenueRecognitionSoftware
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >Software</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Revenue from perpetual (one-time charge) license software is recognized at the inception of the </font><font style='font-family:Times New Roman;font-size:10pt;' >license term if all revenue recognition criteria have been met. Revenue from term (recurring license charge) license software is recognized on a straight-line basis over the period that the client is entitled to use the license. Revenue from post-contract </font><font style='font-family:Times New Roman;font-size:10pt;' >support, which may include unspecified upgrades on a when-and-if-available basis, is recognized on a straight-line basis over the period such items are delivered. Revenue from software hosting or Software-as-a-Service arrangements is recognized as the serv</font><font style='font-family:Times New Roman;font-size:10pt;' >ice is delivered, generally on a straight-line basis, over the longer of the term of the arrangement or the expected period of the customer relationship. In software hosting arrangements, the rights provided to the customer (e.g., ownership of a license, c</font><font style='font-family:Times New Roman;font-size:10pt;' >ontract termination provisions and the feasibility of the customer to operate the software) are considered in determining whether the arrangement includes a license. In arrangements which include a software license, the associated revenue is recognized ac</font><font style='font-family:Times New Roman;font-size:10pt;' >cording to whether the license is perpetual or term, subject to the guidance above. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:15.85pt;' >In multiple-deliverable arrangements that include software that is more than incidental to the products or services as a whole (software multiple-deliverable arrangemen</font><font style='font-family:Times New Roman;font-size:10pt;' >ts), software and software-related elements are accounted for in accordance with software revenue recognition guidance. Software-related elements include software products and services for which a software deliverable is essential to its functionality. Tan</font><font style='font-family:Times New Roman;font-size:10pt;' >gible products containing software components and non-software components that function together to deliver the tangible product&#8217;s essential functionality are not within the scope of software revenue recognition guidance and are accounted for based on othe</font><font style='font-family:Times New Roman;font-size:10pt;' >r applicable revenue recognition guidance.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >A software multiple-deliverable arrangement is separated into more than one unit of accounting if all of the following criteria are met:</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Symbol;font-size:10pt;margin-left:0pt;' >&#61623;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style='font-family:Times New Roman;font-size:10pt;' >The functionality of the delivered element(s)&#160;is not </font><font style='font-family:Times New Roman;font-size:10pt;' >dependent on the undelivered element(s);</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Symbol;font-size:10pt;margin-left:0pt;' >&#61623;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style='font-family:Times New Roman;font-size:10pt;' >There is vendor-specific objective evidence (VSOE) of fair value of the undelivered element(s). VSOE of fair value is based on the price charged when the deliverable is sold separately by the comp</font><font style='font-family:Times New Roman;font-size:10pt;' >any on a regular basis and not as part of the multiple-deliverable arrangement; and</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Symbol;font-size:10pt;margin-left:0pt;' >&#61623;</font><font style='font-family:Times New Roman;font-size:3pt;' >&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style='font-family:Times New Roman;font-size:10pt;' >Delivery of the delivered element(s)&#160;represents the culmination of the earnings process for that element(s).</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >If any one of these criteria is not met, t</font><font style='font-family:Times New Roman;font-size:10pt;' >he arrangement is accounted for as one unit of accounting which would result in revenue being recognized </font><font style='font-family:Times New Roman;font-size:10pt;' >ratably</font><font style='font-family:Times New Roman;font-size:10pt;' > over the contract term or being deferred until the earlier of when such criteria are met or when the last undelivered element is delivered. If </font><font style='font-family:Times New Roman;font-size:10pt;' >these criteria are met for each element and there is VSOE of fair value for all units of accounting in an arrangement, the arrangement consideration is allocated to the separate units of accounting based on each unit&#8217;s relative VSOE of fair value. There ma</font><font style='font-family:Times New Roman;font-size:10pt;' >y be cases, however, in which there is VSOE of fair value of the undelivered item(s)&#160;but no such evidence for the delivered item(s). In these cases, the residual method is used to allocate the arrangement consideration. Under the residual method, the amoun</font><font style='font-family:Times New Roman;font-size:10pt;' >t of consideration allocated to the delivered item(s)&#160;equals the total arrangement consideration less the aggregate VSOE of fair value of the undelivered elements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:16pt;' >The company&#8217;s multiple-deliverable arrangements may have a stand-alone software deliverabl</font><font style='font-family:Times New Roman;font-size:10pt;' >e that is subject to the existing software revenue recognition guidance. The revenue for these multiple-deliverable arrangements is allocated to the software deliverable and the non-software deliverables based on the relative selling prices of all of the d</font><font style='font-family:Times New Roman;font-size:10pt;' >eliverables in the arrangement using the hierarchy: VSOE, third-party evidence (TPE) or best estimate of </font><font style='font-family:Times New Roman;font-size:10pt;' >selling price (BESP). In circumstances where the company cannot determine VSOE or TPE of the selling price for all of the deliverables in the arrangeme</font><font style='font-family:Times New Roman;font-size:10pt;' >nt, including the software deliverable, BESP is used for the purpose of performing this allocation.</font></p></div>
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CY2014Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
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CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
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CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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CY2013Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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5622951 shares
CY2014Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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1750949 shares
CY2015Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
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CY2015Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
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479774 shares
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340000000 USD
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CY2015Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
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CY2014Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
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CY2013Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
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20973745 USD
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CommonStockIssuedUnderEmployeePlanShares
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240000000 USD
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173000000 USD
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7000000 USD
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196000000 USD
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0.025 pure
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CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0 pure
CY2015 ibm Effective Income Tax Rate Reconciliation Domestic Incentives
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0.02 pure
CY2014 ibm Effective Income Tax Rate Reconciliation Domestic Incentives
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0.02 pure
CY2013 ibm Effective Income Tax Rate Reconciliation Domestic Incentives
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0.03 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.16 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.21 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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0.17 pure
CY2015Q4 us-gaap Number Of Countries In Which Entity Operates
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175 Country
CY2015 ibm Default Provision On Credit Facility
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35054000000 USD
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40836000000 USD
CY2015Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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17807000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
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21745000000 USD
CY2015Q4 ibm Defined Benefit Plan Plans With Plan Assets In Excess Of Benefit Obligation Aggregate Benefit Obligation
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CY2014Q4 ibm Defined Benefit Plan Plans With Plan Assets In Excess Of Benefit Obligation Aggregate Benefit Obligation
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71512000000 USD
CY2015Q4 ibm Defined Benefit Plan Plans With Plan Assets In Excess Of Benefit Obligation Aggregate Fair Value Of Plan Assets
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69786000000 USD
CY2014Q4 ibm Defined Benefit Plan Plans With Plan Assets In Excess Of Benefit Obligation Aggregate Fair Value Of Plan Assets
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73671000000 USD
CY2015 dei Entity Central Index Key
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0000051143
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 dei Entity Filer Category
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Large Accelerated Filer
CY2015 dei Document Period End Date
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2015-12-31
CY2015 dei Document Fiscal Year Focus
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2015
CY2015 dei Document Fiscal Period Focus
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FY
CY2015 dei Trading Symbol
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IBM
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
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304000000 USD
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22929000000 USD
CY2015 us-gaap Number Of Businesses Acquired
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14 Acquisition
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CY2013 us-gaap Number Of Businesses Acquired
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10 Acquisition
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3219000000 USD
CY2015Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
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DerivativeAssets
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CY2014Q4 us-gaap Derivative Liabilities
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CY2014 us-gaap Goodwill Translation Adjustments
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CY2014 ibm Purchases Treasury Stock Under Employee Plans Value
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236000000 USD
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58000000 USD
CY2015 us-gaap Number Of Reportable Segments
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5
CY2015 us-gaap Dilutive Securities
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CY2013Q4 us-gaap Goodwill
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0 USD
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CY2013Q4 us-gaap Assets
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15749000000 USD
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16880000000 USD
CY2014Q4 us-gaap Goodwill
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CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8797 shares
CY2015 ibm Defined Contribution Plans Estimated Future Employer Contributions In Next Fiscal Year
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1100000000 USD
CY2015 us-gaap Income Tax Expense Benefit
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53000000 USD
CY2015 ibm Future Amortization Expense Of Payments In Excess Of Fair Value Of Acquired Assets Year Four
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21000000 USD
CY2015 ibm Future Amortization Expense Of Payments In Excess Of Fair Value Of Acquired Assets Thereafter
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30000000 USD
CY2014Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
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97000000 USD
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724000000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
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13.6
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
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15.59
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
15.3
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.18
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-3.69
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-0.36
CY2015 us-gaap Earnings Per Share Diluted
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13.42
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
11.9
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
14.94
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
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13.66
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
15.68
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
15.42
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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-0.18
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-3.71
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.36
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
13.48
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
11.97
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
15.06
CY2014 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.009 pure
CY2015 ibm Effective Income Tax Rate Reconciliation Favorable Geographic Mix Of Pre Tax Income
EffectiveIncomeTaxRateReconciliationFavorableGeographicMixOfPreTaxIncome
-0.035 pure
CY2015 ibm Increase Decrease In Continuing Operations Effective Income Tax Rate
IncreaseDecreaseInContinuingOperationsEffectiveIncomeTaxRate
-0.05 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
-0.039 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0 pure
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1094486604 shares
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-16000000 USD
CY2015Q4 us-gaap Inventory Net
InventoryNet
1551000000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
2103000000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12014000000 USD
CY2014 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-3381000000 USD
CY2015 ibm Financing Receivable Number Of Portfolio Segments
FinancingReceivableNumberOfPortfolioSegments
2
CY2015 ibm Financing Receivable Number Of Classes Of Financing Receiveble
FinancingReceivableNumberOfClassesOfFinancingReceiveble
2 ClassOfFinancingReceivable
CY2015Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2015Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
90000000 USD
CY2014Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
487000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-16000000 USD
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
41380 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17420 shares
CY2013 ibm Unrecognized Tax Benefits Income Tax Penalties And Interest Benefit
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestBenefit
93000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
216000000 USD
CY2014 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
608000000 USD
CY2014 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6 Acquisition
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.17 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.14 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.13 pure
CY2015 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
-2000000 USD
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P11M
CY2015Q4 ibm Divestiture Related Acivities Noncurrent
DivestitureRelatedAcivitiesNoncurrent
575000000 USD
CY2014Q4 ibm Divestiture Related Acivities Noncurrent
DivestitureRelatedAcivitiesNoncurrent
1124000000 USD
CY2015 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-117000000 USD
CY2014 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-1617000000 USD
CY2013 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-322000000 USD
CY2015Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
904000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
1176000000 USD
CY2015Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000000 USD
CY2015Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
6000000 USD
CY2015Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2014Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000000 USD
CY2014Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2000000 USD
CY2014Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31000000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
982700267 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1010000480 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1103042156 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
978744523 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1004272584 shares
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2015 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2015 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
CY2014 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
CY2014 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2013 us-gaap Gain Loss From Components Excluded From Assessment Of Fair Value Hedge Effectiveness Net
GainLossFromComponentsExcludedFromAssessmentOfFairValueHedgeEffectivenessNet
0 USD
CY2013 us-gaap Gain Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring Net
GainLossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurringNet
0 USD
CY2014 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
4000000 USD
CY2015 ibm Debt Covenant Limit Based On Net Tangible Assets
DebtCovenantLimitBasedOnNetTangibleAssets
0.1 pure
CY2015 ibm Net Interest Expense Ratio
NetInterestExpenseRatio
2.2 pure
CY2015 ibm Number Of Business Segments To Which Landlord Ownership Is Assigned To When Assets Are Shared
NumberOfBusinessSegmentsToWhichLandlordOwnershipIsAssignedToWhenAssetsAreShared
1
CY2015 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2016-02-10
CY2015 ibm Discontinuation Of Cash Flow Hedge Additional Time Period After Which Net Gain Loss In Aoci Must Be Reclassified Into Earnings
DiscontinuationOfCashFlowHedgeAdditionalTimePeriodAfterWhichNetGainLossInAociMustBeReclassifiedIntoEarnings
P2M
CY2015 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2016-01-26
CY2015 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2016-03-10
CY2015Q4 ibm Deferred Tax Assets Operating Loss Carryforwards And Tax Credit Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsAndTaxCreditCarryforwardsDomestic
1066000000 USD
CY2015 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The company determines its allowance for credit losses based on two portfolio segments: lease receivables and loan receivables, and further segments the portfo</font><font style='font-family:Times New Roman;font-size:10pt;' >lio into two classes: major markets and growth markets.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >When determining the allowances, financing receivables are evaluated either on an individual or a collective basis. For individually evaluated receivables, the company determines the expected cash flow for the receivable and calculates an estimate of </font><font style='font-family:Times New Roman;font-size:10pt;' >the potential loss and the probability of loss. For those accounts in which the loss is probable, the company records a specific reserve. In addition, the company records an unallocated reserve that is calculated by applying a reserve rate to its different</font><font style='font-family:Times New Roman;font-size:10pt;' > portfolios, excluding accounts that have been specifically reserved. This reserve rate is based upon credit rating, probability of default, term, characteristics (lease/loan) and loss history.</font></p></div>
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
74000000 USD
CY2014Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
83000000 USD
CY2015 ibm Effective Income Tax Rate Reconciliation Reduction In Utilization Oftax Credits Foreign
EffectiveIncomeTaxRateReconciliationReductionInUtilizationOftaxCreditsForeign
0.025 pure
CY2015 ibm Effective Income Tax Rate Reconciliation Increase In Tax Charges Related To Intercompany Licensing Of Intellectual Property
EffectiveIncomeTaxRateReconciliationIncreaseInTaxChargesRelatedToIntercompanyLicensingOfIntellectualProperty
0.008 pure
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
734000000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1255494724 shares
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1224685815 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
274000000 shares
CY2015Q4 ibm Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Additional Authorization
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAdditionalAuthorization
66200000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
111600000 shares
CY2015Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
871000000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
874000000 USD
CY2015 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M
CY2015 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
CY2014 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
CY2013 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0 USD
CY2015Q4 ibm Share Based Compensation Arrangement By Share Based Payment Award Additional Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardAdditionalOptionsOutstandingNumber
400000 shares
CY2015Q4 ibm Share Based Compensation Arrangement By Share Based Payment Award Additional Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardAdditionalOptionsOutstandingWeightedAverageExercisePrice
50
CY2013Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
365000000 USD
CY2015 ibm Proceeds From Payments For Divestiture Of Businesses Net Of Cash Divested
ProceedsFromPaymentsForDivestitureOfBusinessesNetOfCashDivested
-401000000 USD
CY2014 ibm Proceeds From Payments For Divestiture Of Businesses Net Of Cash Divested
ProceedsFromPaymentsForDivestitureOfBusinessesNetOfCashDivested
2357000000 USD
CY2013 ibm Proceeds From Payments For Divestiture Of Businesses Net Of Cash Divested
ProceedsFromPaymentsForDivestitureOfBusinessesNetOfCashDivested
297000000 USD
CY2014Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
561000000 USD
CY2015Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
413000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
86000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Writedown Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax
0 USD
CY2015 dei Document Type
DocumentType
8-K
CY2015 us-gaap Interest Expense
InterestExpense
468000000 USD

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