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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2016
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Dollars in Millions, except per share data
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
2016
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
4,391

 
$
4,871

 
$
4,922

 
$
5,243

 
$
19,427

Gross Margin
 
3,339

 
3,665

 
3,617

 
3,860

 
14,481

Net Earnings
 
1,206

 
1,188

 
1,215

 
898

 
4,507

Net Earnings Attributable to:
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest
 
11

 
22

 
13

 
4

 
50

BMS
 
1,195

 
1,166

 
1,202

 
894

 
4,457

 
 
 
 
 
 
 
 
 
 
 
Earnings per Share - Basic(a)
 
$
0.72

 
$
0.70

 
$
0.72

 
$
0.53

 
$
2.67

Earnings per Share - Diluted(a)
 
0.71

 
0.69

 
0.72

 
0.53

 
2.65

 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.38

 
$
0.38

 
$
0.38

 
$
0.39

 
$
1.53

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
2,644

 
$
2,934

 
$
3,432

 
$
4,237

 
$
4,237

Marketable securities(b)
 
5,352

 
4,998

 
5,163

 
4,832

 
4,832

Total Assets
 
31,892

 
32,831

 
33,727

 
33,707

 
33,707

Long-term debt(c)
 
6,593

 
6,581

 
6,585

 
6,465

 
6,465

Equity
 
14,551

 
15,078

 
15,781

 
16,347

 
16,347

 
 
 
 
 
 
 
 
 
 
 
Dollars in Millions, except per share data
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
2015
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
4,041

 
$
4,163

 
$
4,069

 
$
4,287

 
$
16,560

Gross Margin
 
3,194

 
3,150

 
2,972

 
3,335

 
12,651

Net Earnings/(Loss)
 
1,199

 
(110
)
 
730

 
(188
)
 
1,631

Net Earnings/(Loss) Attributable to:
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest
 
13

 
20

 
24

 
9

 
66

BMS
 
1,186

 
(130
)
 
706

 
(197
)
 
1,565

 
 
 
 
 
 
 
 
 
 
 
Earnings/(Loss) per Share - Basic(a)
 
$
0.71

 
$
(0.08
)
 
$
0.42

 
$
(0.12
)
 
$
0.94

Earnings/(Loss) per Share - Diluted(a)
 
0.71

 
(0.08
)
 
0.42

 
(0.12
)
 
0.93

 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.37

 
$
0.37

 
$
0.37

 
$
0.38

 
$
1.49

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
6,294

 
$
4,199

 
$
3,975

 
$
2,385

 
$
2,385

Marketable securities(b)
 
5,592

 
5,909

 
6,065

 
6,545

 
6,545

Total Assets
 
33,579

 
31,954

 
31,779

 
31,748

 
31,748

Long-term debt
 
7,127

 
6,615

 
6,632

 
6,550

 
6,550

Equity
 
15,689

 
15,291

 
15,273

 
14,424

 
14,424

(a)
Earnings per share for the quarters may not add to the amounts for the year, as each period is computed on a discrete basis.
(b)
Marketable securities includes current and non-current assets.
(c)
Long-term debt includes the current portion.
The following specified items affected the comparability of results in 2016 and 2015:
2016
Dollars in Millions
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Cost of products sold(a)
 
$
4

 
$
4

 
$
7

 
$
6

 
$
21

 
 
 
 
 
 
 
 
 
 
 
License and asset acquisition charges
 
125

 
139

 
45

 
130

 
439

IPRD impairments
 
—

 
—

 
—

 
13

 
13

Accelerated depreciation and other
 
13

 
13

 
14

 
43

 
83

Research and development
 
138

 
152

 
59

 
186

 
535

 
 
 
 
 
 
 
 
 
 
 
Provision for restructuring
 
4

 
18

 
19

 
68

 
109

Litigation and other settlements
 
43

 
—

 
(3
)
 
—

 
40

Divestiture gains
 
(269
)
 
(277
)
 
(13
)
 
—

 
(559
)
Royalties and licensing income
 
—

 
—

 
—

 
(10
)
 
(10
)
Pension charges
 
22

 
25

 
19

 
25

 
91

Intangible asset impairment
 
15

 
—

 
—

 
—

 
15

Other (income)/expense
 
(185
)
 
(234
)
 
22

 
83

 
(314
)
 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to pretax income
 
(43
)
 
(78
)
 
88

 
275

 
242

Income tax on items above
 
83

 
76

 
(3
)
 
(105
)
 
51

Increase/(decrease) to net earnings
 
$
40

 
$
(2
)
 
$
85

 
$
170

 
$
293

(a)
Specified items in cost of products sold are accelerated depreciation, asset impairment and other shutdown costs.

2015
Dollars in Millions
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Cost of products sold(a)
 
$
34

 
$
25

 
$
15

 
$
10

 
$
84

 
 
 
 
 
 
 
 
 
 
 
Marketing, selling and administrative(b)
 
1

 
3

 
2

 
4

 
10

 
 
 
 
 
 
 
 
 
 
 
License and asset acquisition charges
 
162

 
869

 
94

 
554

 
1,679

IPRD impairments
 
—

 
—

 
—

 
160

 
160

Accelerated depreciation and other
 
—

 
2

 
15

 
27

 
44

Research and development
 
162

 
871

 
109

 
741

 
1,883

 
 
 
 
 
 
 
 
 
 
 
Provision for restructuring
 
12

 
28

 
10

 
65

 
115

Litigation and other settlements
 
14

 
1

 
—

 
143

 
158

Divestiture (gains)/losses
 
(152
)
 
(8
)
 
(198
)
 
171

 
(187
)
Pension charges
 
27

 
36

 
48

 
49

 
160

Intangible asset impairment
 
13

 
—

 
—

 
—

 
13

Written option adjustment
 
(36
)
 
—

 
(87
)
 
—

 
(123
)
Loss on debt redemption
 
—

 
180

 
—

 
—

 
180

Other (income)/expense
 
(122
)
 
237

 
(227
)
 
428

 
316

 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to pretax income
 
75

 
1,136

 
(101
)
 
1,183

 
2,293

Income tax on items above
 
(68
)
 
(116
)
 
43

 
(339
)
 
(480
)
Increase/(decrease) to net earnings
 
$
7

 
$
1,020

 
$
(58
)
 
$
844

 
$
1,813

(a)
Specified items in cost of products sold are accelerated depreciation, asset impairment and other shutdown costs.
(b)
Specified items in marketing, selling and administrative are process standardization implementation costs.