IBM's 2025 Financial Report: Insights on Debt Instruments and Capital Structure

Here's a summary of the key information extracted from the provided financial report section:

1. Company Information:

• Entity Name: International Business Machines Corporation (IBM)
• CIK Number: 0000051143
• Exchange Listings: Listed on NYSE (New York Stock Exchange) and CHX (Chicago Stock Exchange).

2. Report Date:

• Filing Date: March 12, 2025.

3. Stock Information:

• Common Stock: Par value of $0.20 per share.
• Stock Class: Common Stock.

4. Debt Instruments: The report includes details on several debt securities issued by IBM, which include:

• Notes Due in 2025:
• • 2.875% Notes
  • 0.950% Notes
  • 7.00% Debentures
• Notes Due in 2026:
• • 0.300% Notes
• Notes Due in 2027:
• • 1.250% Notes
  • 3.375% Debentures (6.22%)
• Notes Due in 2028:
• • 0.300% Notes
  • 1.750% Notes
  • 6.50% Debentures
• Notes Due in 2029:
• • 1.500% Notes
• Notes Due in 2030:
• • 0.875% Notes
  • 2.900% Notes
• Notes Due in 2031:
• • 1.750% Notes
  • 3.625% Debentures
• Notes Due in 2032:
• • 0.650% Notes
  • 5.875% Debentures
• Notes Due in 2033:
• • 3.150% Notes
• Notes Due in 2034:
• • 1.250% Notes
• Notes Due in 2035:
• • 3.750% Notes
• Notes Due in 2037:
• • 3.450% Notes
• Notes Due in 2038:
• • 4.875% Notes
• Notes Due in 2040:
• • 1.200% Notes
• Notes Due in 2043:
• • 4.000% Notes
• Notes Due in 2045:
• • 3.800% Debentures
  • 7.00% Debentures
• Debentures Due in 2096:
• • 7.125% Debentures

5. Key Insights:

• The report indicates a range of fixed-rate debt instruments with varying maturities from 2025 to 2096, suggesting IBM's ongoing financing strategy and capital structure management.
• The presence of multiple debt instruments may imply diversification in funding sources and maturity profiles, which can help manage interest rate risk and liquidity.

This analysis highlights critical financial data and trends relevant to IBM's capital structure and investment opportunities for stakeholders.