IBM 2011 Annual Report Download - page 106
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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies104
Troubled Debt Restructurings
In 2011, the company adopted new FASB guidance that helps
creditors determine whether a restructuring constitutes a troubled
debt restructuring. The company assessed all restructurings
that occurred on or after January 1, 2011 and determined that there
were no troubled debt restructurings for the 12 months ended
December 31, 2011.
Note G.
Property, Plant and Equipment
($ in millions)
At December 31: 2011 2010
Land and land improvements $ 786 $ 777
Buildings and building improvements 9,531 9,414
Plant, laboratory and office equipment 26,843 26,676
Plant and other property—gross 37,160 36,867
Less: Accumulated depreciation 24,703 24,435
Plant and other property—net 12,457 12,432
Rental machines 2,964 3,422
Less: Accumulated depreciation 1,538 1,758
Rental machines—net 1,426 1,665
Total—net $13,883 $14,096
Note H.
Investments and Sundry Assets
($ in millions)
At December 31: 2011 2010
Deferred transition and setup costs
and other deferred arrangements* $1,784 $1,853
Derivatives—noncur rent ** 753 588
Alliance investments
Equity method 131 122
Non-equity method 127 531
Prepaid software 233 268
Long-term deposits 307 350
Other receivables 208 560
Employee benefit-related 493 409
Prepaid income taxes 261 434
Other assets 598 663
To t a l $4,895 $5,778
* Deferred transition and setup costs and other deferred arrangements are related to
Global Services client arrangements. See note A, “Significant Accounting Policies,”
on pages 76 to 86 for additional information.
**
See note D, “Financial Instruments,” on pages 96 through 100 for the fair value of all
derivatives reported in the Consolidated Statement of Financial Position.
Past Due Financing Receivables
($ in millions)
At December 31, 2011:
Tot a l
Past Due
> 90 Days* Current
Tot a l
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 6 $ 6,504 $ 6,510 $ 6
Growth markets 9 1,911 1,921 6
Total lease receivables $16 $ 8,415 $ 8,430 $12
Major markets $23 $ 9,054 $ 9,077 $ 7
Growth markets 22 2,530 2,552 19
Total loan receivables $46 $11,584 $11,629 $26
To t a l $62 $19,998 $20,060 $38
* Does not include accounts that are fully reserved.
($ in millions)
At December 31, 2010:
Tot a l
Past Due
> 90 Days* Current
Tot a l
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $10 $ 6,552 $ 6,562 $ 5
Growth markets 13 1,970 1,983 5
Total lease receivables $22 $ 8,523 $ 8,545 $10
Major markets $11 $ 9,076 $ 9,087 $ 4
Growth markets 32 1,961 1,993 17
Total loan receivables $43 $11,037 $11,080 $21
To t a l $65 $19,560 $19,625 $31
* Does not include accounts that are fully reserved.