Item 7.01. Regulation FD Disclosure.

Exhibit 99.1 contains IBM's presentation materials for IBM's Investor Briefing on October 4, 2021.

In an effort to provide investors with additional information regarding the company's results as determined by generally accepted accounting principles (GAAP), the company has disclosed in the attached presentation materials certain non-GAAP information, which management believes provides useful information to investors. The rationale for management's use of non-GAAP measures is included in Exhibit 99.2 to this Form 8-K. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are included in the presentation materials, which are attached as Exhibit 99.1 to this Current Report on Form 8-K.

These materials may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve numerous factors that could cause actual results to differ materially. Additional information about those factors is contained in IBM's filings with the SEC, available from the SEC, IBM's web site or IBM's Investor Relations.

The information in this Item 7.01, including Exhibits 99.1 and 99.2, is being furnished with the Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.




Item 8.01. Other Events.

On October 4, 2021, IBM announced that immediately preceding the separation of Kyndryl, expected later this year, it will update its reporting segments. Exhibit 99.3 of this Form 8-K contains information that the company posted to its Investor Relations website (www.ibm.com/investor/) about these updates.

These materials may contain forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve numerous factors that could cause actual results to differ materially. Additional information about those factors is contained in IBM's filings with the SEC, available from the SEC, IBM's web site or IBM's Investor Relations.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being furnished as part of this report:




Exhibit No.                         Description of Exhibit
99.1            Investor Briefing Presentation Materials, dated October 4, 2021
99.2            Non-GAAP Financial Information

The following exhibits are being filed as part of this report:




Exhibit No.                           Description of Exhibit
99.3             Investor Relations Article, dated October 4, 2021
104            Cover Page Interactive Data File - the cover page interactive data
               file does not appear in the Interactive Data File because its XBRL
               tags are embedded within the Inline XBRL document

IBM's web site (www.ibm.com) contains a significant amount of information about IBM, including financial and other information for investors (www.ibm.com/investor/). IBM encourages investors to visit its various web sites from time to time, as information is updated and new information is posted.





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