FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [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:

	March 31, 2017					December 31, 2016
Dollars in Millions	Level 1		Level 2			Level 1		Level 2
Cash and cash equivalents - Money market and other securities	$	—	$	3,256		$	—	$	3,532
Marketable securities:
Certificates of deposit	—		419			—		27
Commercial paper	—		480			—		750
Corporate debt securities	—		3,869			—		3,947
Equity funds	—		109			—		101
Fixed income funds	—		7			—		7
Derivative assets	—		29			—		75
Equity investments	30		—			24		—
Derivative liabilities	—		(24		)	—		(30		)

Available-for-sale Securities [Table Text Block]

The following table summarizes available-for-sale securities:

	March 31, 2017									December 31, 2016
Dollars in Millions	Amortized Cost		Gross Unrealized							Amortized Cost		Gross Unrealized
			Gains		Losses			Fair Value				Gains		Losses			Fair Value
Certificates of deposit	$	419	$	—	$	—		$	419	$	27	$	—	$	—		$	27
Commercial paper	480		—		—			480		750		—		—			750
Corporate debt securities	3,864		11		(6		)	3,869		3,945		10		(8		)	3,947
Equity investments	31		4		(5		)	30		31		—		(7		)	24
Total	$	4,794	$	15	$	(11	)	$	4,798	$	4,753	$	10	$	(15	)	$	4,748

Dollars in Millions	March 31, 2017		December 31, 2016
Current marketable securities(a)	$	2,199	$	2,113
Non-current marketable securities(b)	2,685		2,719
Other assets	30		24
Total	$	4,914	$	4,856

(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 $116 million at March 31, 2017 and $108 million at December 31, 2016 and included in current marketable securities.

(b) All non-current marketable securities mature within five years as of March 31, 2017 and December 31, 2016.

Schedule of Derivatives and Fair Value [Table Text Block]

The following table summarizes the fair value of outstanding derivatives:

	March 31, 2017									December 31, 2016
	Asset(a)				Liability(b)					Asset(a)				Liability(b)
Dollars in Millions	Notional		Fair Value		Notional		Fair Value			Notional		Fair Value		Notional		Fair Value
Derivatives designated as hedging instruments:
Interest rate swap contracts	$	—	$	—	$	1,505	$	(5	)	$	750	$	1	$	755	$	(3	)
Forward starting interest rate swap contracts	—		—		—		—			500		8		250		(11		)
Foreign currency forward contracts	507		29		536		(17		)	967		66		198		(9		)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	71		—		137		(2		)	106		—		360		(7		)

(a) Included in prepaid expenses and other and other assets.

(b) Included in accrued liabilities and pension and other liabilities.

Schedule of Short-term Debt [Table Text Block]

Short-term debt obligations includes:

Dollars in Millions	March 31, 2017		December 31, 2016
Bank drafts and short-term borrowings	$	448	$	243
Current portion of long-term debt	749		749
Total	$	1,197	$	992

Schedule of Fair Value and Other Adjustments to Long Term Debt [Table Text Block]

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

Dollars in Millions	March 31, 2017			December 31, 2016
Principal Value	$	7,800		$	6,261
Adjustments to Principal Value:
Fair value of interest rate swap contracts	(5		)	(2		)
Unamortized basis adjustment from swap terminations	280			287
Unamortized bond discounts and issuance costs	(89		)	(81		)
Total	$	7,986		$	6,465
Current portion of long-term debt	$	749		$	749
Long-term debt	7,237			5,716

Schedule of Note Issuances [Table Text Block]

The following table summarizes the note issuances:

Amounts in Millions	2017
Principal Value:
1.600% Notes due 2019	$	750
3.250% Notes due 2027	750
Total	$	1,500
Proceeds net of discount and deferred loan issuance costs	$	1,488