IBM 2010 Annual Report Download - page 96

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies94
Goodwill
The changes in the goodwill balances by reportable segment, for the years ended December 31, 2010 and 2009, are as follows:
($ in millions)
Foreign
Currency
Balance Purchase Translation Balance
January 1, Goodwill Price and Other December 31,
Segment 2010 Additions Adjustments Divestitures Adjustments 2010
Global Business Services $ 4,042 $ 252 $ 0 $ — $ 35 $ 4,329
Global Technology Services 2,777 32 (1) — (104) 2,704
Software 12,605 4,095 (52) — 315 16,963
Systems and Technology 766 375 (1) — (1) 1,139
Tot a l $20,190 $4,754 $(54) $ — $245 $25,136
($ 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
Tot a l $18,226 $1,004 $(56) $(13) $1,031 $20,190
Purchase price adjustments recorded in 2010 and 2009 were
related to acquisitions completed on or prior to December 31, 2009
or December 31, 2008, respectively, and were still subject to the
measurement period that ends at the earlier of 12 months from
the acquisition date or when information becomes available. There
were no goodwill impairment losses recorded in 2010 or 2009,
and the company has no accumulated impairment losses.
Note K.
Borrowings
Short-Term Debt
($ in millions)
At December 31: 2010 2009
Commercial paper $1,144 $ 235
Short-term loans 1,617 1,711
Long-term debt — current matur ities 4,017 2,222
Tot a l $6,778 $4,168
The weighted-average interest rates for commercial paper at
December 31, 2010 and 2009 were 0.2 percent and 0.1 percent,
respectively. The weighted-average interest rates for short-term
loans were 1.1 percent and 1.8 percent at December 31, 2010 and
2009, respectively.