IBM 2014 Annual Report Download - page 114

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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
113
Past Due Financing Receivables
($ in millions)
At December 31, 2014:
Total
Past Due
> 90 Days*Current
Total
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 6 $ 5,696 $ 5,702 $ 6
Growth markets 32 1,911 1,943 14
Total lease receivables $38 $ 7,607 $ 7,645 $20
Major markets $ 9 $10,040 $10,049 $ 9
Growth markets 35 4,603 4,639 18
Total loan receivables $44 $14,643 $14,687 $27
Total $82 $22,250 $22,332 $47
* Does not include accounts that are fully reserved.
($ in millions)
At December 31, 2013:
Total
Past Due
> 90 Days*Current
Total
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 6 $ 6,789 $ 6,796 $ 5
Growth markets 19 2,181 2,200 11
Total lease receivables $25 $ 8,970 $ 8,996 $16
Major markets $ 9 $10,520 $10,529 $ 6
Growth markets 34 3,979 4,012 18
Total loan receivables $43 $14,499 $14,542 $25
Total $68 $23,469 $23,537 $41
* Does not include accounts that are fully reserved.
Troubled Debt Restructurings
The company assessed all restructurings that occurred on or
after January1, 2013 and determined that there were no significant
troubled debt restructurings for the years ended December31,
2013 and 2014.
NOTE G.
PROPERTY, PLANT AND EQUIPMENT
($ in millions)
At December 31: 2014 2013
Land and land improvements $ 667 $ 706
Buildings and building improvements 9,524 9,680
Plant, laboratory and office equipment 27,388 28,169
Plant and other property—gross 37,578 38,555
Less: Accumulated depreciation 27,500 25,576
Plant and other property—net 10,078 12,979
Rental machines 1,456 1,920
Less: Accumulated depreciation 763 1,078
Rental machines—net 693 842
Total—net $10,771 $13,821
NOTE H.
INVESTMENTS AND SUNDRY ASSETS
($ in millions)
At December 31: 2014 2013
Deferred transition and setup costs
and other deferred arrangements* $1,527 $1,652
Derivatives—noncurrent 681 401
Alliance investments
Equity method 98 110
Non-equity method 496 200
Prepaid software 332 352
Long-term deposits 300 316
Other receivables 509 174
Employee benefit-related 356 392
Prepaid income taxes 518 305
Other assets 788 738
Total $5,603 $4,639
*
Deferred transition and setup costs and other deferred arrangements are related to
Global Services client arrangements. See noteA, “Significant Accounting Policies,”
on page 89 for additional information.