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EQUITY
 9 Months Ended
Sep. 30, 2017
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, 2016
2,208

 
$
221

 
$
1,459

 
$
(2,468
)
 
$
31,613

 
539

 
$
(16,559
)
 
$
158

Net earnings
—

 
—

 
—

 
—

 
3,563

 
—

 
—

 
46

Other comprehensive loss
—

 
—

 
—

 
(267
)
 
—

 
—

 
—

 
—

Cash dividends declared
—

 
—

 
—

 
—

 
(1,904
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
4

 
(231
)
 
—

Stock compensation
—

 
—

 
191

 
—

 
—

 
(6
)
 
(5
)
 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

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

 
$
221

 
$
1,650

 
$
(2,735
)
 
$
33,272

 
537

 
$
(16,795
)
 
$
168

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
2,208

 
$
221

 
$
1,725

 
$
(2,503
)
 
$
33,513

 
536

 
$
(16,779
)
 
$
170

Accounting change - cumulative effect(a)
—

 
—

 
—

 
—

 
(787
)
 
—

 
—

 
—

Adjusted balance at January 1, 2017
2,208

 
$
221

 
$
1,725

 
$
(2,503
)
 
$
32,726

 
536

 
$
(16,779
)
 
$
170

Net earnings
—

 
—

 
—

 
—

 
3,335

 
—

 
—

 
28

Other comprehensive income
—

 
—

 
—

 
82

 
—

 
—

 
—

 
—

Cash dividends declared
—

 
—

 
—

 
—

 
(1,920
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
40

 
(2,226
)
 
—

Stock compensation
—

 
—

 
120

 
—

 
—

 
(5
)
 
2

 
—

Variable interest entity
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(59
)
Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(8
)
Balance at September 30, 2017
2,208

 
$
221

 
$
1,845

 
$
(2,421
)
 
$
34,141

 
571

 
$
(19,003
)
 
$
131


(a)
Refer to "—Note 1. Basis of Presentation and Recently Issued Accounting Standards" for additional information.
    
BMS has a stock repurchase program authorized by its Board of Directors allowing for repurchases in the open market or through private transactions, including 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. Treasury stock is recognized at the cost to reacquire the shares. Shares issued from treasury are recognized utilizing the first-in first-out method. BMS repurchased approximately 3.8 million shares for $226 million during the three months ended September 30, 2017.

In February 2017, BMS executed accelerated share repurchase agreements to repurchase an aggregate $2 billion of common stock. The agreements were funded through a combination of debt and cash. In February 2017, an initial delivery of approximately 28.7 million shares of BMS common stock, representing approximately 80% of the notional amount of the agreements, was received by BMS and included in treasury stock. Upon settlement of the accelerated share repurchase agreements in May 2017, BMS received an additional 7.8 million shares determined using the volume-weighted average price of BMS common stock during the term of the transaction.
The components of other comprehensive income/(loss) were as follows:
 
2017
 
2016
 
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Three Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses
$
(28
)
 
$
12

 
$
(16
)
 
$
(14
)
 
$
4

 
$
(10
)
Reclassified to net earnings(a)
21

 
(6
)
 
15

 
21

 
(7
)
 
14

Derivatives qualifying as cash flow hedges
(7
)
 
6

 
(1
)
 
7

 
(3
)
 
4

Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(5
)
 
2

 
(3
)
 
72

 
(26
)
 
46

Amortization(b)
19

 
(11
)
 
8

 
20

 
(7
)
 
13

Curtailments and settlements(c)
21

 
(8
)
 
13

 
19

 
(6
)
 
13

Pension and postretirement benefits
35

 
(17
)
 
18

 
111

 
(39
)
 
72

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
28

 
(5
)
 
23

 
(8
)
 
4

 
(4
)
Realized gains(c)
(1
)
 
—

 
(1
)
 
(4
)
 
—

 
(4
)
Available-for-sale securities
27

 
(5
)
 
22

 
(12
)
 
4

 
(8
)
Foreign currency translation
(10
)
 
17

 
7

 
(2
)
 
3

 
1

 
$
45

 
$
1

 
$
46

 
$
104

 
$
(35
)
 
$
69

 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized losses
$
(81
)
 
$
31

 
$
(50
)
 
$
(199
)
 
$
66

 
$
(133
)
Reclassified to net earnings(a)
(11
)
 
—

 
(11
)
 
12

 
(5
)
 
7

Derivatives qualifying as cash flow hedges
(92
)
 
31

 
(61
)
 
(187
)
 
61

 
(126
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial losses
(40
)
 
17

 
(23
)
 
(453
)
 
160

 
(293
)
Amortization(b)
57

 
(22
)
 
35

 
56

 
(19
)
 
37

Curtailments and settlements(c)
96

 
(34
)
 
62

 
66

 
(23
)
 
43

Pension and postretirement benefits
113

 
(39
)
 
74

 
(331
)
 
118

 
(213
)
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains
49

 
(7
)
 
42

 
29

 
(13
)
 
16

Realized (gains)/losses(c)
(1
)
 
—

 
(1
)
 
30

 
—

 
30

Available-for-sale securities
48

 
(7
)
 
41

 
59

 
(13
)
 
46

Foreign currency translation
(8
)
 
36

 
28

 
20

 
6

 
26

 
$
61

 
$
21

 
$
82

 
$
(439
)
 
$
172

 
$
(267
)

(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,
2017
 
December 31, 2016
Derivatives qualifying as cash flow hedges
$
(23
)
 
$
38

Pension and other postretirement benefits
(2,023
)
 
(2,097
)
Available-for-sale securities
34

 
(7
)
Foreign currency translation
(409
)
 
(437
)
Accumulated other comprehensive loss
$
(2,421
)
 
$
(2,503
)