It just means that they are assuming a fixed exchange rate for currencies over a period of time (often a month, quarter, or year), rather than reporting foreign income/holdings in current market value dollars.
I'm not an accountant, but I did do dev work for exactly this to align Netsuite with internal dashboards for reporting.
IBM had a tradition of not allowing customers to fall down. JES3 took down a bank in Buffalo. Fortunately for the guilty a major snowstorm had shutdown the city for several days. IBM sent in SEs on snowmobiles.
COLT was even worse as it could throw a mainframe into an interrupt cascade. You had to press System Reset, then IPL and pick up the pieces of transactions. It took me a few months to identify where a register got mangled over an interrupt. This was pseudo reentrant code which I came to utterly despise.
I characterized the code as the result of student intern self abuse.
I spent several months flogging that dead horse until I changed jobs. There were later opportunities at other banks that saw COLT on my résumé that I refused.
In the current millennium, IBM has been serially fomenting payroll disasters with Phoenix as it's known in Canada (I don't know what it's called in Australia).
IBM also has a PCIe add-in card for AI called Spyre, that's also available for POWER11 systems.
https://www.redbooks.ibm.com/abstracts/sg248579.html https://www.redbooks.ibm.com/redbooks/pdfs/sg248579.pdf
Nobody dropping Mainframes.
IBM was front and center with AI long before the AI bubble.
- Watson won jeopardy in 2011. And IBM launched several successful AI products using the tech.
- Deep Blue beat Kasparov in chess in '97. They also had other NN-based systems for playing games.
IBM is too dysfunctional to innovate like Big Tech has been