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      "text": "We exclude Acquisition and Integration Costs, IBM Private Cloud Charges, Real Estate Realignment and Covid-19 Related Expenses, Russia-Related Exit Costs, and the Software Charge from our Adjusted Operating income...",
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      "text": "Recurring revenue growth constant currency\nAs a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates...",
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      "text": "Free Cash Flow\nIn addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure...",
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