Kyndryl Holdings Inc. 2026年季度报告

Index Part I - Financial Information Item 1. Consolidated Financial Statements (Unaudited) Part I - Financial Information KYNDRYL HOLDINGS, INC.CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) KYNDRYL HOLDINGS, INC.CONSOLIDATED BALANCE SHEET(In millions, except per share amount)(Unaudited) KYNDRYL HOLDINGS, INC.CONSOLIDATED STATEMENT OF CASH FLOWS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 1. SIGNIFICANT ACCOUNTING POLICIES Description of Business Kyndryl Holdings, Inc. (“we”, “the Company” or “Kyndryl”) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilitiesto thousands of customers in more than 60 countries. As the world’s largest IT infrastructure services Prior to November 3, 2021, the Company was wholly owned by International Business MachinesCorporation (“IBM” or “former Parent”). In November 2021, our former Parent effected the spin-off (the“Separation,” the “Spin-off” or “spin”) of the infrastructure services unit of its Global Technology Services Basis of Presentation The accompanying condensed Consolidated Financial Statements and footnotes have beenprepared in accordance with accounting principles generally accepted in the United States of America(“U.S. GAAP”). Management believes the accompanying financial statements include all adjustments Within the financial statements and tables presented, certain columns and rows may not add dueto the use of rounded numbers for disclosure purposes. Percentages presented are calculated from the Principles of Consolidation The accompanying financial statements are presented on a consolidated basis. All significanttransactions and intercompany accounts between Kyndryl entities were eliminated. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management tomake estimates and assumptions that affect amounts that are reported in the consolidated financialstatements and accompanying disclosures. Estimates are used in determining the following, among others:revenue, costs to complete service contracts, income taxes, pension assumptions, valuation of assetsincluding goodwill and intangible assets, the depreciable and amortizable lives of long-lived assets, loss The Company uses the estimated annual effective tax rate method in computing its interim taxprovision in accordance with U.S. GAAP. The estimated annual effective tax rate is applied to the year-to-date ordinary income, exclusive of discrete items, to arrive at the reported interim tax provision. NOTE 2. ACCOUNTING PRONOUNCEMENTS Recent Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued AccountingStandards Update (“ASU”) 2023-09,Income Taxes (Topic 740) – Improvements to Income TaxDisclosures, which is intended to enhance the transparency and usefulness of income tax disclosures Table of Contents Notes to Consolidated Financial Statements (continued) and income taxes paid. The guidance is effective for annual periods beginning after December 15, 2024,with early adoption permitted. The Company is currently evaluating the impact of this guidance on the In November 2024, the FASB issued ASU 2024-03,Disaggregation of Income StatementExpenses, which is intended to improve the usefulness of expense information contained in public entityincome statements through the disaggregation of relevant expense captions in the notes to the financialstatements. The guidance should be applied prospectively, effective for fiscal years beginning after In May 2025, the FASB issued ASU 2025-03,Business Combinations (Topic 805) andConsolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable InterestEntity, which amends the guidance for determining the acquirer in certain transactions. The guidanceshould be applied prospectively, effective for the fiscal years beginning after December 15, 2026 and In September 2025, the FASB issued ASU 2025-06,Intangibles – Goodwill and Other (Topic350): Targeted Improvements to the Accounting for Internal-Use Software, which amends the criteria forcapitalization of internal-use software costs. The guidance is effective for the fiscal years beginning afterDecember 15, 2027 and interim reporting periods within fiscal years beginning after December 15, 2027, NOTE 3. REVENUE RECOGNITION Disaggregation of Revenue The Company views its segment results to be the best view of disaggregated revenue. Refer toNote 4 – Segments. Remaining Performance Obligations The remaining performance obligation (“RPO”) represents the aggregate amount of contractualdeliverables yet to be recognized as revenue at the end of the reporting period. It is intended to be astatement of overall work under contract that has not yet been performed and does not include contracts forwhich the customer is not committed. The customer is not considered committed when it is able to At December 31