XML 44 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
EQUITY (Tables)
 6 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Schedule of Stock by Class [Table Text Block]
 
Common Stock
 
Capital in  Excess
of Par Value
of Stock
 
Retained
Earnings
 
Treasury Stock
 
Noncontrolling
Interest
Dollars and Shares in Millions
Shares
 
Par Value
 
Shares
 
Cost
 
Balance at January 1, 2013
2,208

 
$
221

 
$
2,694

 
$
32,733

 
570

 
$
(18,823
)
 
$
15

Net earnings
—

 
—

 
—

 
1,145

 
—

 
—

 
21

Cash dividends declared
—

 
—

 
—

 
(1,163
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
10

 
(364
)
 
—

Employee stock compensation plans
—

 
—

 
(719
)
 
—

 
(18
)
 
1,167

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
(34
)
Balance at June 30, 2013
2,208

 
$
221

 
$
1,975

 
$
32,715

 
562

 
$
(18,020
)
 
$
2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2014
2,208

 
$
221

 
$
1,922

 
$
32,952

 
559

 
$
(17,800
)
 
$
82

Net earnings
—

 
—

 
—

 
1,270

 
—

 
—

 
1

Cash dividends declared
—

 
—

 
—

 
(1,196
)
 
—

 
—

 
—

Employee stock compensation plans
—

 
—

 
(427
)
 
—

 
(8
)
 
591

 
—

Debt conversion
—

 
—

 
(16
)
 
—

 
(1
)
 
35

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
(31
)
Balance at June 30, 2014
2,208

 
$
221

 
$
1,479

 
$
33,026

 
550

 
$
(17,174
)
 
$
52
Schedule of Comprehensive Income Loss [Table Text Block]
The components of other comprehensive income/(loss) were as follows:
 
2014
 
2013
 
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Three months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(14
)
 
$
4

 
$
(10
)
 
$
30

 
$
(10
)
 
$
20

Reclassified to net earnings
7

 
(2
)
 
5

 
(34
)
 
11

 
(23
)
Derivatives qualifying as cash flow hedges
(7
)
 
2

 
(5
)
 
(4
)
 
1

 
(3
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(49
)
 
13

 
(36
)
 
935

 
(330
)
 
605

Amortization(b)
27

 
(6
)
 
21

 
38

 
(12
)
 
26

Settlements(c)
45

 
(17
)
 
28

 
101

 
(35
)
 
66

Pension and postretirement benefits
23

 
(10
)
 
13

 
1,074

 
(377
)
 
697

Available for sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
25

 
(11
)
 
14

 
(54
)
 
9

 
(45
)
Realized gains
(1
)
 
—

 
(1
)
 
(8
)
 
3

 
(5
)
Available for sale securities
24

 
(11
)
 
13

 
(62
)
 
12

 
(50
)
Foreign currency translation
21

 
—

 
21

 
(33
)
 
—

 
(33
)
 
$
61

 
$
(19
)
 
$
42

 
$
975

 
$
(364
)
 
$
611

 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(19
)
 
$
6

 
$
(13
)
 
$
99

 
$
(33
)
 
$
66

Reclassified to net earnings
5

 
—

 
5

 
(44
)
 
16

 
(28
)
Derivatives qualifying as cash flow hedges
(14
)
 
6

 
(8
)
 
55

 
(17
)
 
38

Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(299
)
 
103

 
(196
)
 
935

 
(330
)
 
605

Amortization(b)
53

 
(19
)
 
34

 
76

 
(23
)
 
53

Curtailments and settlements(c)
99

 
(38
)
 
61

 
101

 
(35
)
 
66

Pension and postretirement benefits
(147
)
 
46

 
(101
)
 
1,112

 
(388
)
 
724

Available for sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
29

 
(13
)
 
16

 
(51
)
 
10

 
(41
)
Realized gains
(1
)
 
—

 
(1
)
 
(8
)
 
3

 
(5
)
Available for sale securities
28

 
(13
)
 
15

 
(59
)
 
13

 
(46
)
Foreign currency translation
10

 
—

 
10

 
(34
)
 
—

 
(34
)
 
$
(123
)
 
$
39

 
$
(84
)
 
$
1,074

 
$
(392
)
 
$
682


(a)
Reclassifications to net earnings of derivatives qualifying as effective hedges are recognized in cost of products sold.
(b)
Actuarial losses and prior service cost are amortized into cost of products sold, research and development, and marketing, selling and administrative expenses as appropriate.
(c)
Pension curtailments and settlements are recognized in other (income)/expense.
Schedule of Accumulated Other Comprehensive Income Loss [Table Text Block]
The accumulated balances related to each component of other comprehensive loss, net of taxes, were as follows:
Dollars in Millions
June 30,
2014
 
December 31, 2013
Derivatives qualifying as cash flow hedges
$
8

 
$
16

Pension and other postretirement benefits
(1,958
)
 
(1,857
)
Available for sale securities
43

 
28

Foreign currency translation
(318
)
 
(328
)
Accumulated other comprehensive loss
$
(2,225
)
 
$
(2,141
)