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Ibm Credit LLC – ‘10-K’ for 12/31/19 – ‘EX-24.1’

On:  Friday, 2/28/20, at 4:30pm ET   ·   For:  12/31/19   ·   Accession #:  1558370-20-1786   ·   File #:  0-55786

Previous ‘10-K’:  ‘10-K’ on 2/27/19 for 12/31/18   ·   Next & Latest:  ‘10-K’ on 2/26/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/20  Ibm Credit LLC                    10-K       12/31/19  103:16M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.47M 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     31K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     28K 
 4: EX-24.1     Power of Attorney                                   HTML     33K 
 5: EX-24.2     Power of Attorney                                   HTML     27K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     38K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     38K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
74: R1          Document and Entity Information                     HTML     88K 
15: R2          Consolidated Statement of Earnings                  HTML     73K 
48: R3          Consolidated Statement of Earnings (Parenthetical)  HTML     30K 
88: R4          Consolidated Statement of Comprehensive Income      HTML     57K 
76: R5          Consolidated Statement of Financial Position        HTML    103K 
17: R6          Consolidated Statement of Financial Position        HTML     40K 
                (Parenthetical)                                                  
50: R7          Consolidated Statement of Cash Flows                HTML    121K 
83: R8          Consolidated Statement of Changes in Member's       HTML     73K 
                Interest                                                         
77: R9          Consolidated Statement of Changes in Member's       HTML     29K 
                Interest (Parenthetical)                                         
58: R10         Significant Accounting Policies                     HTML     66K 
92: R11         Accounting Changes                                  HTML     39K 
40: R12         Relationship With Ibm and Related Party             HTML     50K 
                Transactions                                                     
28: R13         Financial Instruments                               HTML    306K 
60: R14         Leases                                              HTML     73K 
93: R15         Financing Receivables, Receivables                  HTML    572K 
                Purchased/Participated From Ibm                                  
41: R16         Other Assets                                        HTML     43K 
29: R17         Borrowings                                          HTML    172K 
62: R18         Other Liabilities                                   HTML     45K 
91: R19         Equity Activity                                     HTML    161K 
56: R20         Contingencies and Commitments                       HTML     35K 
22: R21         Taxes                                               HTML    149K 
79: R22         Retirement-Related Benefits                         HTML     35K 
89: R23         Segment Information                                 HTML    153K 
57: R24         Divestiture                                         HTML     31K 
23: R25         Schedule Ii Valuation and Qualifying Accounts and   HTML     66K 
                Reserves                                                         
80: R26         Significant Accounting Policies (Policies)          HTML    117K 
90: R27         Financial Instruments (Tables)                      HTML    299K 
55: R28         Leases (Tables)                                     HTML     63K 
24: R29         Financing Receivables, Receivables                  HTML    569K 
                Purchased/Participated From Ibm (Tables)                         
27: R30         Other Assets (Tables)                               HTML     43K 
38: R31         Borrowings (Tables)                                 HTML    170K 
95: R32         Other Liabilities (Tables)                          HTML     45K 
64: R33         Equity Activity (Tables)                            HTML    162K 
26: R34         Taxes (Tables)                                      HTML    146K 
37: R35         Segment Information (Tables)                        HTML    160K 
94: R36         SIGNIFICANT ACCOUNTING POLICIES - Financing         HTML     35K 
                Receivables (Details)                                            
63: R37         SIGNIFICANT ACCOUNTING POLICIES - Income Taxes      HTML     32K 
                (Details)                                                        
25: R38         SIGNIFICANT ACCOUNTING POLICIES - Equipment under   HTML     33K 
                Operating Lease (Details)                                        
39: R39         Accounting Changes (Details)                        HTML     69K 
21: R40         RELATIONSHIP WITH IBM AND RELATED PARTY             HTML     39K 
                TRANSACTIONS - Support Agreement (Details)                       
53: R41         RELATIONSHIP WITH IBM AND RELATED PARTY             HTML     63K 
                TRANSACTIONS - Operating Relationship (Details)                  
82: R42         RELATIONSHIP WITH IBM AND RELATED PARTY             HTML     51K 
                TRANSACTIONS - Borrowing, Services, and Other                    
                Arrangements (Details)                                           
72: R43         RELATIONSHIP WITH IBM AND RELATED PARTY             HTML     39K 
                TRANSACTIONS - Tax Sharing Agreement (Details)                   
20: R44         FINANCIAL INSTRUMENTS - Fair Value Measurements     HTML     54K 
                (Details)                                                        
52: R45         FINANCIAL INSTRUMENTS - Not Measured at Fair Value  HTML     32K 
                (Details)                                                        
81: R46         FINANCIAL INSTRUMENTS - Derivatives, Offsetting     HTML     43K 
                (Details)                                                        
71: R47         FINANCIAL INSTRUMENTS - Derivatives, Other          HTML     48K 
                Information (Details)                                            
19: R48         FINANCIAL INSTRUMENTS- Derivatives, Fair Value      HTML     48K 
                (Details)                                                        
54: R49         FINANCIAL INSTRUMENTS - Cumulative Basis            HTML     34K 
                Adjustment for Fair Value Hedges (Details)                       
46: R50         FINANCIAL INSTRUMENTS - Effect of Hedge Activity    HTML     41K 
                on Income and Expense (Details)                                  
34: R51         FINANCIAL INSTRUMENTS - Derivatives, Gains and      HTML     57K 
                Losses (Details)                                                 
65: R52         LEASES - Lease income (Details)                     HTML     36K 
96: R53         LEASES - Sales and Direct Financing Leases          HTML     51K 
                (Details)                                                        
47: R54         LEASES - Operating Leases (Details)                 HTML     46K 
35: R55         FINANCING RECEIVABLES, RECEIVABLES                  HTML     92K 
                PURCHASED/PARTICIPATED FROM IBM - Net of                         
                Allowances (Details)                                             
66: R56         FINANCING RECEIVABLES, RECEIVABLES                  HTML    125K 
                PURCHASED/PARTICIPATED FROM IBM - By Portfolio                   
                Segment (Details)                                                
97: R57         FINANCING RECEIVABLES, RECEIVABLES                  HTML    103K 
                PURCHASED/PARTICIPATED FROM IBM - Past Due                       
                (Details)                                                        
45: R58         FINANCING RECEIVABLES, RECEIVABLES                  HTML    132K 
                PURCHASED/PARTICIPATED FROM IBM - Credit Quality                 
                Indicators (Details)                                             
36: R59         Other Assets (Details)                              HTML     43K 
73: R60         BORROWINGS - Short-Term Debt (Details)              HTML     53K 
85: R61         BORROWINGS - Long-Term Debt, Components (Details)   HTML     84K 
49: R62         BORROWINGS - Post Swap Borrowing (Details)          HTML     52K 
16: R63         BORROWINGS - Contractual Maturities (Details)       HTML     58K 
75: R64         BORROWINGS - Interest on Debt (Details)             HTML     32K 
87: R65         BORROWINGS - Lines of Credit (Details)              HTML     63K 
51: R66         Other Liabilities (Details)                         HTML     44K 
18: R67         EQUITY ACTIVITY - Reclassifications and Taxes       HTML     85K 
                (Details)                                                        
78: R68         EQUITY ACTIVITY - AOCI Rollforward (Details)        HTML     57K 
84: R69         CONTINGENCIES AND COMMITMENTS - Contingencies       HTML     30K 
                (Details)                                                        
102: R70         CONTINGENCIES AND COMMITMENTS - Commitments         HTML     33K  
                (Details)                                                        
70: R71         TAXES - Income before Income Taxes (Details)        HTML     38K 
32: R72         TAXES - Provision by Geographic Operations          HTML     36K 
                (Details)                                                        
44: R73         TAXES - Provision by Taxing Jurisdiction (Details)  HTML     63K 
99: R74         TAXES - Tax Rate Reconciliation (Details)           HTML     48K 
68: R75         TAXES - Tax Rate Reconciliation Narrative           HTML     47K 
                (Details)                                                        
30: R76         TAXES - Deferred Taxes (Details)                    HTML     60K 
42: R77         TAXES - Carryforwards (Details)                     HTML     35K 
103: R78         TAXES - Uncertain Tax Liabilities and               HTML     40K  
                Undistributed Foreign Earnings (Details)                         
67: R79         Retirement-Related Benefits (Details)               HTML     51K 
101: R80         SEGMENT INFORMATION - Business Segments (Details)   HTML     68K  
69: R81         SEGMENT INFORMATION - Assets Reconciliation         HTML     53K 
                (Details)                                                        
31: R82         SEGMENT INFORMATION - Geographical Information      HTML     69K 
                (Details)                                                        
43: R83         Divestiture (Details)                               HTML     35K 
100: R84         Schedule Ii Valuation and Qualifying Accounts and   HTML     39K  
                Reserves (Details)                                               
33: XML         IDEA XML File -- Filing Summary                      XML    183K 
61: XML         XBRL Instance -- ibmc-20191231x10ka9a1bf_htm         XML   5.37M 
86: EXCEL       IDEA Workbook of Financial Reports                  XLSX    125K 
11: EX-101.CAL  XBRL Calculations -- ibmc-20191231_cal               XML    237K 
12: EX-101.DEF  XBRL Definitions -- ibmc-20191231_def                XML    833K 
13: EX-101.LAB  XBRL Labels -- ibmc-20191231_lab                     XML   1.37M 
14: EX-101.PRE  XBRL Presentations -- ibmc-20191231_pre              XML   1.23M 
10: EX-101.SCH  XBRL Schema -- ibmc-20191231                         XSD    198K 
59: JSON        XBRL Instance as JSON Data -- MetaLinks              417±   646K 
98: ZIP         XBRL Zipped Folder -- 0001558370-20-001786-xbrl      Zip    420K 


‘EX-24.1’   —   Power of Attorney


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  ibmc_EX24_1  

Exhibit 24.1

POWER OF ATTORNEY OF IBM CREDIT LLC
MEMBER OF THE BOARD OF MANAGERS

KNOW ALL PERSONS BY THESE PRESENTS, that each undersigned member of the Board of Managers of IBM Credit LLC, a Delaware limited liability company, which will file with the U.S. Securities and Exchange Commission, Washington, D.C., under the provisions of the securities laws, an Annual Report for 2019 on Form 10-K, hereby constitutes and appoints Glen Kutler, William J. Smith III, Henry Voldman, and Adam Wilson as true and lawful attorneys-in-fact and agents for the undersigned, and each of them with full power to act without the others, for the undersigned and in the name, place and stead of the undersigned, in any and all capacities, to sign or cause to be signed electronically said Annual Report on Form 10-K and any and all amendments thereto, and any and all other documents in connection therewith, with the U.S. Securities and Exchange Commission, hereby granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform any and all acts and things requisite and necessary to be done, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them may lawfully do or cause to be done by virtue hereof.  This Power of Attorney may only be revoked by a written document executed by the undersigned that expressly revokes this power by referring to the date and subject hereof.

IN WITNESS WHEREOF, each of the undersigned has executed this Power of Attorney this 28th day of February 2020.

 

 

/s/ Simon J. Beaumont

 

SIMON J. BEAUMONT

 

Manager

 

 

 

/s/ Robert F. Del Bene

 

ROBERT F. DEL BENE

 

Manager

 

 

 

/s/ Andrew P. Urbansky

 

ANDREW P. URBANSKY

 

Manager

 

 

 

 

 

 

 

 

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Filing Submission 0001558370-20-001786   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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