IBM 2015 Annual Report Download - page 111

Download and view the complete annual report

Please find page 111 of the 2015 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 156

  • 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

Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
109
Past Due Financing Receivables
($ inmillions)
At December 31, 2015:
Tota l
Past Due
> 90 Days*Current*
Tota l
Financing
Receivables*
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 5 $ 5,512 $ 5,517 $ 5
Growth markets 30 1,494 1,524 13
Total lease receivables $35 $ 7,006 $ 7,041 $19
Major markets $ 7 $ 9,732 $ 9,739 $ 7
Growth markets 31 3,134 3,165 14
Total loan receivables $38 $12,866 $12,904 $22
Total $73 $19,872 $19,945 $40
* Does not include accounts that are fully reserved.
($ inmillions)
At December 31, 2014:
Tota l
Past Due
> 90 Days*Current* **
Tota l
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 $47
* Does not include accounts that are fully reserved.
** Reclassified to conform with 2015 presentation.
Troubled Debt Restructurings
The company assessed all restructurings that occurred on or after
January1, 2014 and determined that there were no significant trou-
bled debt restructurings for the years ended December31, 2014
and 2015.
NOTEG.
PROPERTY, PLANT AND EQUIPMENT
($ inmillions)
At December 31: 2015 2014
Land and land improvements $ 558 $ 667
Buildings and building improvements 6,552 9,524
Plant, laboratory and offi ce equipment 21,116 27,388
Plant and other property—gross 28,226 37,578
Less: Accumulated depreciation 18,051 27,500
Plant and other property—net 10,176 10,078
Rental machines 1,115 1,456
Less: Accumulated depreciation 565 763
Rental machines—net 551 693
Total—net $10,727 $10,771
In 2015, the company retired the assets associated with the dives-
titure of the Microelectronics business impacting both plant and
other property—gross and accumulated depreciation.
Past Due Financing Receivables
($ inmillions)
At December 31, 2015:
Tota l
Past Due
> 90 Days*Current
Tota l
Financing
Receivables
Recorded
Investment
> 90 Days
and Accruing
Major markets $ 5 $ 5,512 $ 5,517 $ 5
Growth markets 30 1,494 1,524 13
Total lease receivables $35 $ 7,006 $ 7,041 $19
Major markets $ 7 $ 9,732 $ 9,739 $ 7
Growth markets 31 3,134 3,165 14
Total loan receivables $38 $12,866 $12,904 $22
Total $73 $19,872 $19,945 $40
* Does not include accounts that are fully reserved.
($ inmillions)
At December 31, 2014:
Tota l
Past Due
> 90 Days*Current
Tota l
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 $47
* Does not include accounts that are fully reserved.
Troubled Debt Restructurings
The company assessed all restructurings that occurred on or after
January1, 2014 and determined that there were no significant trou-
bled debt restructurings for the years ended December31, 2014
and 2015.
NOTEG.
PROPERTY, PLANT AND EQUIPMENT
($ inmillions)
At December 31: 2015 2014
Land and land improvements $ 558 $ 667
Buildings and building improvements 6,552 9,524
Plant, laboratory and offi ce equipment 21,116 27,388
Plant and other property—gross 28,226 37,578
Less: Accumulated depreciation 18,051 27,500
Plant and other property—net 10,176 10,078
Rental machines 1,115 1,456
Less: Accumulated depreciation 565 763
Rental machines—net 551 693
Total—net $10,727 $10,771
In 2015, the company retired the assets associated with the dives-
titure of the Microelectronics business impacting both plant and
other property—gross and accumulated depreciation.