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EQUITY
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
EQUITY
 
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, 2015
2,208

 
$
221

 
$
1,507

 
$
32,541

 
547

 
$
(16,992
)
 
$
131

Net earnings
—

 
—

 
—

 
1,762

 
—

 
—

 
73

Cash dividends declared
—

 
—

 
—

 
(1,857
)
 
—

 
—

 
—

Employee stock compensation plans
—

 
—

 
(94
)
 
—

 
(7
)
 
384

 
—

Debt conversion
—

 
—

 
—

 
—

 
—

 
2

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
(10
)
Balance at September 30, 2015
2,208

 
$
221

 
$
1,413

 
$
32,446

 
540

 
$
(16,606
)
 
$
194

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2016
2,208

 
$
221

 
$
1,459

 
$
31,613

 
539

 
$
(16,559
)
 
$
158

Net earnings
—

 
—

 
—

 
3,563

 
—

 
—

 
46

Cash dividends declared
—

 
—

 
—

 
(1,904
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
4

 
(231
)
 
—

Employee stock compensation plans
—

 
—

 
191

 
—

 
(6
)
 
(5
)
 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
(36
)
Balance at September 30, 2016
2,208

 
$
221

 
$
1,650

 
$
33,272

 
537

 
$
(16,795
)
 
$
168



Treasury stock is recognized at the cost to reacquire the shares. Shares issued from treasury are recognized utilizing the first-in first-out method.

As of September 30, 2016, $1.1 billion of common stock repurchase capacity remains under prior approved programs. In October 2016, the Board of Directors approved a new share repurchase program authorizing the repurchase of an additional $3.0 billion of common stock. Repurchases may be made either in the open market or through private transactions, including under repurchase plans established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934. The stock repurchase program does not have an expiration date and may be suspended or discontinued at any time.

The components of other comprehensive income/(loss) were as follows:
 
2016
 
2015
 
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Three Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses
$
(14
)
 
$
4

 
$
(10
)
 
$
(34
)
 
$
14

 
$
(20
)
Reclassified to net earnings
21

 
(7
)
 
14

 
(39
)
 
13

 
(26
)
Derivatives qualifying as cash flow hedges
7

 
(3
)
 
4

 
(73
)
 
27

 
(46
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
72

 
(26
)
 
46

 
(272
)
 
96

 
(176
)
Amortization(b)
20

 
(7
)
 
13

 
20

 
(6
)
 
14

Curtailments and settlements(c)
19

 
(6
)
 
13

 
48

 
(17
)
 
31

Pension and postretirement benefits
111

 
(39
)
 
72

 
(204
)
 
73

 
(131
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses
(8
)
 
4

 
(4
)
 
(24
)
 
8

 
(16
)
Realized gains
(4
)
 
—

 
(4
)
 
—

 
—

 
—

Available-for-sale securities
(12
)
 
4

 
(8
)
 
(24
)
 
8

 
(16
)
Foreign currency translation
(2
)
 
3

 
1

 
(34
)
 
5

 
(29
)
 
$
104

 
$
(35
)
 
$
69

 
$
(335
)
 
$
113

 
$
(222
)
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(199
)
 
$
66

 
$
(133
)
 
$
36

 
$
(16
)
 
$
20

Reclassified to net earnings
12

 
(5
)
 
7

 
(102
)
 
33

 
(69
)
Derivatives qualifying as cash flow hedges
(187
)
 
61

 
(126
)
 
(66
)
 
17

 
(49
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(453
)
 
160

 
(293
)
 
20

 
(7
)
 
13

Amortization(b)
56

 
(19
)
 
37

 
67

 
(21
)
 
46

Curtailments and settlements(c)
66

 
(23
)
 
43

 
111

 
(39
)
 
72

Pension and postretirement benefits
(331
)
 
118

 
(213
)
 
198

 
(67
)
 
131

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

 
(13
)
 
16

 
(31
)
 
9

 
(22
)
Realized losses
30

 
—

 
30

 
—

 
—

 
—

Available-for-sale securities
59

 
(13
)
 
46

 
(31
)
 
9

 
(22
)
Foreign currency translation
20

 
6

 
26

 
(14
)
 
(16
)
 
(30
)
 
$
(439
)
 
$
172

 
$
(267
)
 
$
87

 
$
(57
)
 
$
30


(a)
Included in cost of products sold
(b)
Included in cost of products sold, research and development and marketing, selling and administrative expenses
(c)
Included in other (income)/expense

The accumulated balances related to each component of other comprehensive loss, net of taxes, were as follows:
Dollars in Millions
September 30,
2016
 
December 31, 2015
Derivatives qualifying as cash flow hedges
$
(92
)
 
$
34

Pension and other postretirement benefits
(2,293
)
 
(2,080
)
Available-for-sale securities
23

 
(23
)
Foreign currency translation
(373
)
 
(399
)
Accumulated other comprehensive loss
$
(2,735
)
 
$
(2,468
)