FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Financial Instruments [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Financial assets and liabilities measured at fair value on a recurring basis are summarized below:

	December 31, 2016					December 31, 2015
Dollars in Millions	Level 1		Level 2			Level 1		Level 2
Cash and cash equivalents - Money market and other securities	$	—	$	3,532		$	—	$	1,825
Marketable securities:
Certificates of deposit	—		27			—		804
Commercial paper	—		750			—		—
Corporate debt securities	—		3,947			—		5,638
Equity funds	—		101			—		92
Fixed income funds	—		7			—		11
Derivative assets	—		75			—		96
Equity investments	24		—			60		—
Derivative liabilities	—		(30		)	—		(18		)

Available-for-sale Securities [Table Text Block]

The following table summarizes available-for-sale securities:

Dollars in Millions	Amortized Cost		Gross Unrealized Gain in Accumulated OCI		Gross Unrealized Loss in Accumulated OCI			Fair Value
December 31, 2016
Certificates of deposit	$	27	$	—	$	—		$	27
Commercial paper	750		—		—			750
Corporate debt securities	3,945		10		(8		)	3,947
Equity investments	31		—		(7		)	24
Total	$	4,753	$	10	$	(15	)	$	4,748
December 31, 2015
Certificates of deposit	$	804	$	—	$	—		$	804
Corporate debt securities	5,646		15		(23		)	5,638
Equity investments	74		10		(24		)	60
Total	$	6,524	$	25	$	(47	)	$	6,502

Dollars in Millions	December 31, 2016		December 31, 2015
Current marketable securities(a)	$	2,113	$	1,885
Non-current marketable securities(b)	2,719		4,660
Other assets	24		60
Total	$	4,856	$	6,605

(a) The fair value option for financial assets was elected for investments in equity and fixed income funds. The fair value of these investments were $108 million at December 31, 2016 and $103 million at December 31, 2015 and were included in current marketable securities. Changes in fair value were not significant.

(b) All non-current marketable securities mature within five years as of December 31, 2016 and 2015.

Schedule of Derivatives and Fair Value [Table Text Block]

The following summarizes the fair value of outstanding derivatives:

		December 31, 2016					December 31, 2015
Dollars in Millions	Balance Sheet Location	Notional		Fair Value			Notional		Fair Value
Derivatives designated as hedging instruments:
Interest rate swap contracts	Prepaid expenses and other	$	250	$	—		$	—	$	—
Interest rate swap contracts	Other assets	500		1			1,100		31
Interest rate swap contracts	Accrued liabilities	500		—			—		—
Interest rate swap contracts	Pension and other liabilities	255		(3		)	650		(1		)
Forward starting interest rate swap contracts	Prepaid expenses and other	500		8			—		—
Forward starting interest rate swap contracts	Other assets	—		—			500		15
Forward starting interest rate swap contracts	Accrued liabilities	250		(11		)	—		—
Forward starting interest rate swap contracts	Pension and other liabilities	—		—			250		(7		)
Foreign currency forward contracts	Prepaid expenses and other	967		66			1,016		50
Foreign currency forward contracts	Accrued liabilities	198		(9		)	342		(5		)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Prepaid expenses and other	106		—			—		—
Foreign currency forward contracts	Accrued liabilities	291		(4		)	445		(5		)
Foreign currency forward contracts	Pension and other liabilities	69		(3		)	—		—

Schedule of Short-term Debt [Table Text Block]

Short-term borrowings and the current portion of long-term debt includes:

	December 31,
Dollars in Millions	2016		2015
Bank drafts and short-term borrowings	$	243	$	139
Current portion of long-term debt	749		—
Total	$	992	$	139

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt and the current portion of long-term debt includes:

	December 31,
Dollars in Millions	2016			2015
Principal Value:
0.875% Notes due 2017	$	750		$	750
1.750% Notes due 2019	500			500
2.000% Notes due 2022	750			750
7.150% Notes due 2023	302			302
3.250% Notes due 2023	500			500
1.000% Euro Notes due 2025	601			630
6.800% Notes due 2026	256			256
1.750% Euro Notes due 2035	601			630
5.875% Notes due 2036	404			404
6.125% Notes due 2038	278			278
3.250% Notes due 2042	500			500
4.500% Notes due 2044	500			500
6.880% Notes due 2097	260			260
0% - 5.75% Other - maturing 2017 - 2030	59			79
Subtotal	6,261			6,339
Adjustments to Principal Value:
Fair value of interest rate swap contracts	(2		)	30
Unamortized basis adjustment from swap terminations	287			272
Unamortized bond discounts and issuance costs	(81		)	(91		)
Total	$	6,465		$	6,550
Current portion of long-term debt	$	749		$	—
Long-term debt	5,716			6,550

Schedule of Note Issuances [Table Text Block]

The following table summarizes the issuance of long-term debt obligations in 2015 (none in 2016 and 2014):

	2015
Amounts in Millions	Euro			U.S. dollars
Principal Value:
1.000% Euro Notes due 2025	€	575		$	643
1.750% Euro Notes due 2035	575			643
Total	€	1,150		$	1,286
Proceeds net of discount and deferred loan issuance costs	€	1,133		$	1,268
Forward starting interest rate swap contracts terminated:
Notional amount	€	500		$	559
Unrealized loss	(16		)	(18		)

Schedule of Debt Repurchases [Table Text Block]

The following summarizes the debt redemption activity for 2015 and 2014 (none in 2016):

Dollars in Millions	2015		2014
Principal amount	$	1,624	$	582
Carrying value	1,795		633
Debt redemption price	1,957		676
Notional amount of interest rate swap contracts terminated	735		500
Interest rate swap termination payments	11		4
Loss on debt redemption(a)	180		45

(a) Including acceleration of debt issuance costs, loss on interest rate lock contract and other related fees.