IBM 2009 Annual Report Download - page 92

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Notes to Consolidated Financial Statements
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
respectively. In addition, in 2009 the company retired $1,147 mil-
lion of fully amortized intangible assets, impacting both the gross
carrying amount and accumulated amortization for this amount.
The amortization expense for each of the five succeeding
years relating to intangible assets currently recorded in the
Consolidated Statement of Financial Position is estimated to be
the following at December 31, 2009:
Goodwill
The changes in the goodwill balances by reportable segment, for the years ended December 31, 2009 and 2008, are as follows:
($ in millions)
Foreign
Currency
Balance Purchase Translation Balance
January 1, Goodwill Price and Other December 31,
Segment 2009 Additions Adjustments Divestitures Adjustments 2009
Global Business Services $ 3,870 $ — $ — $ — $ 172 $ 4,042
Global Technology Services 2,616 10 1 — 150 2,777
Software 10,966 994 (50) (13) 708 12,605
Systems and Technology 772 — (7) — 1 766
Total $18,226 $1,004 $(56) $(13) $1,031 $20,190
Foreign
Currency
Balance Purchase Translation Balance
January 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) $18,226
Purchase price adjustments recorded in 2009 were related to
acquisitions that were completed on or prior to December 31,
2008 and were still subject to the measurement period that ends
at the earlier of 12 months from the acquisition date or when
information becomes available. There were no goodwill impair-
ment losses recorded in 2009 or 2008, and the company has
no accumulated impairment losses.
Note K.
Borrowings
Short-Term Debt
($ in millions)
At December 31: 2009 2008
Commercial paper $ 235 $ 468
Short-term loans 1,711 1,827
Long-term debt — current maturities 2,222 8,942
Total $4,168 $11,236
The weighted-average interest rates for commercial paper at
December 31, 2009 and 2008, were 0.1 percent and 3.1 percent,
respectively. The weighted-average interest rates for short-term
loans were 1.8 percent and 4.5 percent at December 31, 2009
and 2008, respectively.
($ in millions)
Capitalized Acquired
Software Intangibles Total
2010 $570 $422 $992
2011 277 373 650
2012 72 306 377
2013 — 277 277
2014 — 149 149
90