INTERNATIONAL BUSINESS MACHINES CORP | 2013 | FY |

Lease Receivables

($ in millions)
			Major			Growth
At December 31, 2013:			Markets			Markets
Credit Rating
	AAA – AA-		$	743		$	68
	A+ – A-			1,513			168
	BBB+ – BBB-			2,111			957
	BB+ – BB			1,393			350
	BB- – B+			595			368
	B – B-			365			214
	CCC+ – D			76			74
Total			$	6,796		$	2,200

Loan Receivables

($ in millions)
			Major			Growth
At December 31, 2013:			Markets			Markets
Credit Rating
	AAA – AA-		$	1,151		$	125
	A+ – A-			2,344			307
	BBB+ – BBB-			3,271			1,745
	BB+ – BB			2,158			638
	BB- – B+			922			672
	B – B-			565			391
	CCC+ – D			118			134
Total			$	10,529		$	4,012

Lease Receivables

($ in millions)
			Major			Growth
At December 31, 2012:			Markets			Markets
Credit Rating
	AAA – AA-		$	646		$	86
	A+ – A-			1,664			223
	BBB+ – BBB-			2,285			776
	BB+ – BB			1,367			450
	BB- – B+			552			418
	B – B-			399			127
	CCC+ – D			124			58
Total			$	7,036		$	2,138

Loan Receivables

($ in millions)
			Major			Growth
At December 31, 2012:			Markets			Markets
Credit Rating
	AAA – A-		$	887		$	148
	A+ – A-			2,286			382
	BBB+ – BBB-			3,139			1,333
	BB+ – BB			1,878			773
	BB- – B+			758			718
	B – B-			548			218
	CCC+ – D			170			99
Total			$	9,666		$	3,670

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