IBM 2014 Annual Report Download - page 116

Download and view the complete annual report

Please find page 116 of the 2014 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 158

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158

Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
115
Goodwill
The changes in the goodwill balances by reportable segment, for the years ended December31, 2014 and 2013, are as follows:
($ in millions)
Segment
Balance
January1,
2014
Goodwill
Additions
Purchase
Price
Adjustments Divestitures
Foreign
Currency
Translation
and Other
Adjustments
Balance
December 31,
2014
Global Business Services $ 4,334 $ — $ 0 $ 0 $(248) $ 4,086
Global Technology Services 4,129 11 20 (54) (109) 3,998
Software 21,121 430 (17) (19) (516) 21,000
Systems and Technology 1,601 — — (110) (19) 1,472
Total $31,184 $442 $ 4 $(183) $(891) $30,556
($ 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
Total $29,247 $2,246 $61 $(7) $(363 ) $31,184
Purchase price adjustments recorded in 2014 and 2013 were
related to acquisitions that were completed on or prior to Decem-
ber31, 2013 or December31, 2012, respectively, and were still
subject to the measurement period that ends at the earlier of
12months from the acquisition date or when information becomes
available. There were no goodwill impairment losses recorded in
2014 or 2013 and the company has no accumulated goodwill
impairment losses.
NOTE J.
BORROWINGS
Short-Term Debt
($ in millions)
At December 31: 2014 2013
Commercial paper $ 650 $2,458
Short-term loans 480 551
Long-term debt—current maturities 4,601 3,854
Total $5,731 $6,862
The weighted-average interest rate for commercial paper at both
December 31, 2014 and 2013 was 0.1percent. The weighted-
average interest rates for short-term loans was 4.0percent and
5.1percent at December 31, 2014 and 2013, respectively.