Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

International Business Machines Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Taxes	2,270)	2,196)	2,289)	3,301)	2,839)
Short-term debt	6,426)	4,760)	6,787)	7,183)	8,797)
Accounts payable	4,132)	4,051)	3,955)	4,908)	4,896)
Compensation and benefits	3,501)	3,481)	3,204)	3,440)	3,406)
Deferred income	13,451)	12,032)	12,518)	12,833)	12,026)
Current operating lease liabilities	820)	874)	974)	1,357)	1,380)
Other accrued expenses and liabilities	3,522)	4,111)	3,892)	6,847)	4,357)
Current liabilities	34,122)	31,505)	33,619)	39,869)	37,701)
Long-term debt, excluding current maturities	50,121)	46,189)	44,917)	54,355)	54,102)
Retirement and nonpension postretirement benefit obligations	10,808)	9,596)	14,435)	18,248)	17,142)
Deferred income	3,533)	3,499)	3,577)	4,301)	3,851)
Noncurrent operating lease liabilities	2,568)	2,190)	2,462)	3,574)	3,879)
Income tax reserves	6,916)	6,404)	6,179)	5,274)	5,118)
Deferred taxes	1,146)	2,292)	3,956)	5,472)	5,230)
Excess 401(k) Plus Plan	1,437)	1,307)	1,686)	1,635)	1,521)
Disability benefits	308)	303)	359)	452)	478)
Derivative liabilities	299)	488)	103)	40)	506)
Workforce reductions	526)	524)	752)	956)	725)
Environmental accruals	206)	243)	224)	246)	254)
Other	638)	682)	736)	822)	695)
Other liabilities	11,476)	12,243)	13,995)	14,897)	14,527)
Noncurrent liabilities	78,506)	73,717)	79,386)	95,375)	93,501)
Total liabilities	112,628)	105,222)	113,005)	135,244)	131,202)
Common stock, par value $.20 per share, and additional paid-in capital	59,643)	58,343)	57,319)	56,556)	55,895)
Retained earnings	151,275)	149,825)	154,209)	162,717)	162,954)
Treasury stock, at cost	(169,624)	(169,484)	(169,393)	(169,339)	(169,413)
Accumulated other comprehensive loss	(18,761)	(16,740)	(23,234)	(29,337)	(28,595)
Total IBM stockholders’ equity	22,533)	21,944)	18,901)	20,597)	20,841)
Noncontrolling interests	80)	77)	95)	130)	144)
Total equity	22,613)	22,021)	18,996)	20,727)	20,985)
Total liabilities and equity	135,241)	127,243)	132,001)	155,971)	152,187)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	International Business Machines Corp. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	International Business Machines Corp. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	International Business Machines Corp. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total IBM stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	International Business Machines Corp. total IBM stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

International Business Machines Corp. (NYSE:IBM)

Balance Sheet: Liabilities and Stockholders’ Equity