IBM 2013 Annual Report Download - page 113

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
112
Goodwill
The changes in the goodwill balances by reportable segment, for the years ended December 31, 2013 and 2012, are as follows:
($ in millions)
Segment
Balance
January 1,
2013
Goodwill
Additions
Purchase
Price
Adjustments Divestitures
Foreign
Currency
Translation
and Other
Adjustments
Balance
December 31,
2013
Global Business Services $ 4,357 $ — $ (0) $ (3) $ (21) $ 4,334
Global Technology Services 2,916 1,246 17 — (50) 4,129
Software 20,405 987 11 (4) (279) 21,121
Systems and Technology 1,568 13 33 — (14) 1,601
To t a l $29,247 $2,246 $61 $ (7) $(363) $31,184
($ in millions)
Segment
Balance
January 1,
2012
Goodwill
Additions
Purchase
Price
Adjustments Divestitures
Foreign
Currency
Translation
and Other
Adjustments
Balance
December 31,
2012
Global Business Services $ 4,313 $ 5 $ (0) $ (2) $ 42 $ 4,357
Global Technology Services 2,646 264 — (0) 6 2,916
Software 18,121 2,182 (30) (6) 137 20,405
Systems and Technology 1,133 443 (0) (14) 6 1,568
To t a l $26,213 $2,894 $(30) $(22) $192 $29,247
Purchase price adjustments recorded in 2013 and 2012 were related
to acquisitions that were completed on or prior to December 31,
2012 or December 31, 2011, respectively, and were still subject to the
measurement period that ends at the earlier of 12 months from the
acquisition date or when information becomes available. There were
no goodwill impairment losses recorded in 2013 or 2012 and the
company has no accumulated goodwill impairment losses.
NOTE J.
BORROWINGS
Short-Term Debt
($ in millions)
At December 31: 2013 2012
Commercial paper $2,458 $1,800
Short-term loans 551 1,789
Long-term debt—current maturities 3,854 5,593
To t a l $6,862 $9,181
The weighted-average interest rate for commercial paper at both
December 31, 2013 and 2012 was 0.1 percent. The weighted-aver-
age interest rates for short-term loans was 5.1 percent and 1.8
percent at December 31, 2013 and 2012, respectively.