IBM 2008 Annual Report Download - page 90
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Notes to Consolidated Financial Statements
INTERNATIONAL BUSINESS MACHINES CORPORATION and Subsidiary Companies
Management Discussion ............................................................................................. 18
Consolidated Statements ............................................................................................ 60
Notes ............................................................................................................................... 66
A – E ........................................................................................................................66
F – J ........................................................................................................................86
K– Q .......................................................................................................................88
K. BORROWINGS .................................................................................................88
L. DERIVATIVES AND HEDGING TRANSACTIONS ................................................90
M. OTHER LIABILITIES ..........................................................................................94
N. STOCKHOLDERS’ EQUITY ACTIVITY ...............................................................95
O. CONTINGENCIES AND COMMITMENTS ..........................................................97
P. TAXES ...............................................................................................................99
Q. RESEARCH, DEVELOPMENT AND ENGINEERING ......................................... 101
R –W ..................................................................................................................... 10 2
The changes in the carrying amount of goodwill, by reportable segment, for the year ended December , , are presented in the table
below. There was no impairment of goodwill recorded in .
($ )
Foreign
Currency
Balance Purchase Translation Balance
Januar y 1, Goodwill Price and Other December 31,
Segment 2008 Additions Adjustments Divestitures Adjustments 2008
Global Business Services $ 4,041 $ — $ (4) $(16) $ (151) $ 3,870
Global Technology Services 2,914 68 (5) — (361) 2,616
Software 6,846 5,225 (85) — (1,018) 10,966
Systems and Technology 484 280 9 — (1) 772
TOTAL $14,285 $5,573 $(85) $(16) $(1,531) $18,226
Note K.
Borrowings
-
($ )
At December : 2008 2007
Commercial paper $ 468 $ 5,831
Short-term loans 1,827 2,714
Long-term debt — current maturities 8,942 3,690
TOTAL $11,236 $12,235
The weighted-average interest rates for commercial paper at December
, and , were . percent and . percent, respectively. The
weighted-average interest rates for short-term loans were . percent
and . percent at December , and , respectively.