FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 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:

	September 30, 2017					December 31, 2016
Dollars in Millions	Level 1		Level 2			Level 1		Level 2
Cash and cash equivalents - Money market and other securities	$	—	$	3,915		$	—	$	3,532
Marketable securities:
Certificates of deposit	—		176			—		27
Commercial paper	—		977			—		750
Corporate debt securities	—		3,725			—		3,947
Equity funds	—		119			—		101
Fixed income funds	—		7			—		7
Derivative assets	—		31			—		75
Equity investments	90		—			24		—
Derivative liabilities	—		(63		)	—		(30		)

Available-for-sale Securities [Table Text Block]

The following table summarizes available-for-sale securities:

	September 30, 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	$	176	$	—	$	—		$	176	$	27	$	—	$	—		$	27
Commercial paper	977		—		—			977		750		—		—			750
Corporate debt securities	3,713		15		(3		)	3,725		3,945		10		(8		)	3,947
Equity investments	57		34		(1		)	90		31		—		(7		)	24
	$	4,923	$	49	$	(4	)	$	4,968	$	4,753	$	10	$	(15	)	$	4,748
Financial assets measured using the fair value option
Equity and fixed income funds(a)								126									108
Total								$	5,094								$	4,856

Dollars in Millions	September 30, 2017		December 31, 2016
Current marketable securities	$	2,478	$	2,113
Non-current marketable securities(b)	2,526		2,719
Other assets(c)	90		24
Total	$	5,094	$	4,856

(a) The fair value option for financial assets was elected for investments in equity and fixed income funds and are included in current marketable securities.

(b) All non-current marketable securities mature within five years as of September 30, 2017 and December 31, 2016.

(c) Includes equity investments.

Schedule of Derivatives and Fair Value [Table Text Block]

The following table summarizes the fair value of outstanding derivatives:

	September 30, 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	$	—	$	—	$	755	$	(3	)	$	750	$	1	$	755	$	(3	)
Forward starting interest rate swap contracts	—		—		—		—			500		8		250		(11		)
Foreign currency forward contracts	1,351		25		548		(28		)	967		66		198		(9		)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	322		6		1,183		(32		)	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 include:

Dollars in Millions	September 30, 2017		December 31, 2016
Commercial paper	$	799	$	—
Bank drafts and short-term borrowings	662		243
Current portion of long-term debt	—		749
Total	$	1,461	$	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 include:

Dollars in Millions	September 30, 2017			December 31, 2016
Principal Value	$	6,834		$	6,261
Adjustments to Principal Value:
Fair value of interest rate swap contracts	(3		)	(2		)
Unamortized basis adjustment from swap terminations	234			287
Unamortized bond discounts and issuance costs	(83		)	(81		)
Total	$	6,982		$	6,465
Current portion of long-term debt	$	—		$	749
Long-term debt	6,982			5,716

Schedule of Note Issuances [Table Text Block]

The following table summarizes the note issuances:

Dollars 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

Schedule of Debt Redemption [Table Text Block]

During the second quarter of 2017, the Company repurchased certain long-term debt obligations with interest rates ranging from 5.875% to 6.875%. The following summarizes the debt repurchase activity:

Dollars in Millions	2017
Principal amount	$	337
Carrying value	366
Debt redemption price	474
Loss on debt redemption(a)	109

(a) Including acceleration of debt issuance costs, gain on previously terminated interest rate swap contracts and other related fees.