IBM 2012 Annual Report Download - page 102

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
101
Lease Receivables
($ in millions)
At December 31, 2012:
Major
Markets
Growth
Markets
Credit rating
Aaa – Aa3 $ 646 $ 86
A1 – A3 1,664 223
Baa1 – Baa3 2,285 776
Ba1 – Ba2 1,367 450
Ba3 – B1 552 418
B2 – B3 399 127
Caa – D 124 58
To t a l $7,036 $2,138
Loan Receivables
($ in millions)
At December 31, 2012:
Major
Markets
Growth
Markets
Credit rating
Aaa – Aa3 $ 887 $ 148
A1 – A3 2,286 382
Baa1 – Baa3 3,139 1,333
Ba1 – Ba2 1,878 773
Ba3 – B1 758 718
B2 – B3 548 218
Caa – D 170 99
To t a l $9,666 $3,670
At December 31, 2012, the industries which made up Global Financing’s
receivables portfolio consist of: Financial (38 percent), Government
(16 percent), Manufacturing (14 percent), Retail (9 percent), Services
(7 percent), Healthcare (6 percent), Communications (6 percent) and
Other (4 percent).
Lease Receivables
($ in millions)
At December 31, 2011:
Major
Markets
Growth
Markets
Credit rating
Aaa – Aa3 $ 697 $ 139
A1 – A3 1,459 306
Baa1 – Baa3 2,334 654
Ba1 – Ba2 1,118 457
Ba3 – B1 534 252
B2 – B3 260 97
Caa – D 108 15
To t a l $6,510 $1,921
Loan Receivables
($ in millions)
At December 31, 2011:
Major
Markets
Growth
Markets
Credit rating
Aaa – Aa3 $ 971 $ 185
A1 – A3 2,034 407
Baa1 – Baa3 3,255 869
Ba1 – Ba2 1,559 607
Ba3 – B1 744 335
B2 – B3 362 129
Caa – D 151 20
To t a l $9,077 $2,552
At December 31, 2011, the industries which made up Global Financing’s
receivables portfolio consist of: Financial (39 percent), Government
(15 percent), Manufacturing (13 percent), Retail (9 percent), Services
(7 percent), Healthcare (6 percent), Communications (6 percent) and
Other (5 percent).
Past Due Financing Receivables
($ in millions)
At December 31, 2012:
Tota l
Past Due
> 90 Days* Current
Tota l
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 8 $ 7,028 $ 7,036 $ 5
Growth markets 11 2,127 2,138 8
Total lease receivables $20 $ 9,154 $ 9,174 $13
Major markets $27 $ 9,639 $ 9,666 $ 8
Growth markets 36 3,634 3,670 31
Total loan receivables $63 $13,273 $13,336 $39
To t a l $82 $22,428 $22,510 $52
* Does not include accounts that are fully reserved.