INTERNATIONAL BUSINESS MACHINES CORP
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
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SCHEDULE II
INTERNATIONAL BUSINESS MACHINES CORPORATION AND SUBSIDIARY COMPANIES
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
For the Years Ended December 31:
(Dollars in Millions)
| Description · Balance at Beginning of Period · Additions/ (Deductions) · Write-offs · Foreign Currency and Other · Balance at End of Period | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Allowance For Credit Losses | |||||||||
| –Current (1) | $467 | $13 | $(97) | $48 | $431 | ||||
| –Noncurrent | $28 | $(2) | $— | $0 | $27 | ||||
| –Current (1) | $418 | $59 | $(55) | $45 | $467 | ||||
| –Noncurrent | $25 | $6 | $0 | $(2) | $28 | ||||
| –Current | $503 | $(35) | $(46) | $(4) | $418 | ||||
| –Noncurrent | $47 | $(21) | $0 | $(2) | $25 | ||||
| Allowance For Inventory Losses | |||||||||
| 2023 | $631 | $201 | $(183) | $9 | $658 | ||||
| 2022 | $633 | $162 | $(148) | $(15) | $631 | ||||
| 2021 | $514 | $240 | $(118) | $(3) | $633 | ||||
| Revenue Based Provisions | |||||||||
| 2023 | $424 | $500 | $(456) | $12 | $480 | ||||
| 2022 | $435 | $620 | $(629) | $(2) | $424 | ||||
| 2021 | $372 | $627 | $(574) | $10 | $435 | ||||
(1) Other includes reserves related to discontinued operations.
Additions/(Deductions) to the allowances represent changes in estimates of unrecoverable amounts in receivables and inventory and are recorded to expense and cost accounts, respectively. Amounts are written-off when they are deemed unrecoverable by the company. Additions/(Deductions) to Revenue Based Provisions represent changes in estimated reductions to revenue, primarily as a result of revenue-related programs, including customer and business partner rebates. Write-offs for Revenue Based Provisions represent reductions in the provision due to amounts remitted to customers and business partners.
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