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EQUITY
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
EQUITY
 
 
Common Stock
 
Capital in  Excess
of Par Value
of Stock
 
Accumulated Other Comprehensive Loss
 
Retained
Earnings
 
Treasury Stock
 
Noncontrolling
Interest
Dollars and Shares in Millions
 
Shares
 
Par Value
 
 
Shares
 
Cost        
 
Balance at January 1, 2014
 
2,208

 
$
221

 
$
1,922

 
$
(2,141
)
 
$
32,952

 
559

 
$
(17,800
)
 
$
82

Net earnings
 
—

 
—

 
—

 
—

 
2,004

 
—

 
—

 
39

Other comprehensive loss
 
—

 
—

 
—

 
(284
)
 
—

 
—

 
—

 
—

Cash dividends
 
—

 
—

 
—

 
—

 
(2,415
)
 
—

 
—

 
—

Stock compensation
 
—

 
—

 
(393
)
 
—

 
—

 
(11
)
 
755

 
—

Debt conversion
 
—

 
—

 
(22
)
 
—

 
—

 
(1
)
 
53

 
—

Variable interest entity
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
59

Distributions
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(49
)
Balance at December 31, 2014
 
2,208

 
221

 
1,507

 
(2,425
)
 
32,541

 
547

 
(16,992
)
 
131

Net earnings
 
—

 
—

 
—

 
—

 
1,565

 
—

 
—

 
84

Other comprehensive loss
 
—

 
—

 
—

 
(43
)
 
—

 
—

 
—

 
—

Cash dividends
 
—

 
—

 
—

 
—

 
(2,493
)
 
—

 
—

 
—

Stock compensation
 
—

 
—

 
(48
)
 
—

 
—

 
(8
)
 
431

 
—

Debt conversion
 
—

 
—

 
—

 
—

 
—

 
—

 
2

 
—

Distributions
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(57
)
Balance at December 31, 2015
 
2,208

 
221

 
1,459

 
(2,468
)
 
31,613

 
539

 
(16,559
)
 
158

Net earnings
 
—

 
—

 
—

 
—

 
4,457

 
—

 
—

 
50

Other comprehensive loss
 
—

 
—

 
—

 
(35
)
 
—

 
—

 
—

 
—

Cash dividends
 
—

 
—

 
—

 
—

 
(2,557
)
 
—

 
—

 
—

Stock repurchase program
 
—

 
—

 
—

 
—

 
—

 
4

 
(231
)
 
—

Stock compensation
 
—

 
—

 
266

 
—

 
—

 
(7
)
 
11

 
—

Distributions
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(38
)
Balance at December 31, 2016
 
2,208

 
$
221

 
$
1,725

 
$
(2,503
)
 
$
33,513

 
536

 
$
(16,779
)
 
$
170



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

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.
On February 21, 2017, BMS entered into ASR agreements with each of Goldman, Sachs & Co. and Morgan Stanley & Co. LLC to repurchase approximately $2.0 billion of common stock in the aggregate. The ASR will be funded through a combination of debt and cash and are part of the existing share repurchase authorization. The total number of shares ultimately repurchased under the ASR will be determined upon final settlement and based on a discount to the volume-weighted average price of BMS's common stock during the ASR period which is expected to be completed by June 30, 2017.

The components of other comprehensive income/(loss) were as follows:
 
 
 
 
 
Year Ended December 31,
 
 
 
 
 
2016
 
2015
 
2014
Dollars in Millions
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
Derivatives qualifying as cash flow hedges(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(5
)
 
$
—

 
$
(5
)
 
$
59

 
$
(22
)
 
$
37

 
$
139

 
$
(45
)
 
$
94

Reclassified to net earnings
12

 
(3
)
 
9

 
(130
)
 
42

 
(88
)
 
(41
)
 
16

 
(25
)
Derivatives qualifying as cash flow hedges
7

 
(3
)
 
4

 
(71
)
 
20

 
(51
)
 
98

 
(29
)
 
69

Pension and other postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
(126
)
 
(3
)
 
(129
)
 
(88
)
 
27

 
(61
)
 
(1,414
)
 
464

 
(950
)
Amortization(b)
78

 
(25
)
 
53

 
85

 
(28
)
 
57

 
104

 
(37
)
 
67

Settlements and curtailments(c)
91

 
(32
)
 
59

 
160

 
(55
)
 
105

 
867

 
(308
)
 
559

Pension and other postretirement benefits
43

 
(60
)
 
(17
)
 
157

 
(56
)
 
101

 
(443
)
 
119

 
(324
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
(12
)
 
(1
)
 
(13
)
 
(71
)
 
14

 
(57
)
 
10

 
(6
)
 
4

Realized (gains)/losses(c)
29

 
—

 
29

 
3

 
—

 
3

 
(1
)
 
—

 
(1
)
Available-for-sale securities
17

 
(1
)
 
16

 
(68
)
 
14

 
(54
)
 
9

 
(6
)
 
3

Foreign currency translation
(33
)
 
(5
)
 
(38
)
 
(17
)
 
(22
)
 
(39
)
 
(8
)
 
(24
)
 
(32
)
Total Other Comprehensive Income/(Loss)
$
34

 
$
(69
)
 
$
(35
)
 
$
1

 
$
(44
)
 
$
(43
)
 
$
(344
)
 
$
60

 
$
(284
)

(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:
 
 
December 31,
Dollars in Millions
 
2016
 
2015
Derivatives qualifying as cash flow hedges
 
$
38

 
$
34

Pension and other postretirement benefits
 
(2,097
)
 
(2,080
)
Available-for-sale securities
 
(7
)
 
(23
)
Foreign currency translation
 
(437
)
 
(399
)
Accumulated other comprehensive loss
 
$
(2,503
)
 
$
(2,468
)