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EQUITY
 12 Months Ended
Dec. 31, 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, 2015
2,208

 
$
221

 
$
1,507

 
$
(2,425
)
 
$
32,541

 
547

 
$
(16,992
)
 
$
131

Net earnings
—

 
—

 
—

 
—

 
1,565

 
—

 
—

 
84

Other comprehensive loss
—

 
—

 
—

 
(43
)
 
—

 
—

 
—

 
—

Cash dividends
—

 
—

 
—

 
—

 
(2,493
)
 
—

 
—

 
—

Stock compensation
—

 
—

 
(48
)
 
—

 
—

 
(8
)
 
431

 
—

Debt conversion
—

 
—

 
—

 
—

 
—

 
—

 
2

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(57
)
Balance at December 31, 2015
2,208

 
221

 
1,459

 
(2,468
)
 
31,613

 
539

 
(16,559
)
 
158

Net earnings
—

 
—

 
—

 
—

 
4,457

 
—

 
—

 
50

Other comprehensive loss
—

 
—

 
—

 
(35
)
 
—

 
—

 
—

 
—

Cash dividends
—

 
—

 
—

 
—

 
(2,557
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
 
 
—

 
4

 
(231
)
 
—

Stock compensation
—

 
—

 
266

 
—

 
—

 
(7
)
 
11

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(38
)
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
—

 
—

 
—

 
—

 
1,007

 
—

 
—

 
27

Other comprehensive income
—

 
—

 
—

 
214

 
—

 
—

 
—

 
—

Cash dividends
—

 
—

 
—

 
—

 
(2,573
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
44

 
(2,477
)
 
—

Stock compensation
—

 
—

 
173

 
—

 
—

 
(5
)
 
7

 
—

Variable interest entity
—

 
—

 
—

 
 
 
—

 
—

 
—

 
(59
)
Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(32
)
Balance at December 31, 2017
2,208

 
$
221

 
$
1,898

 
$
(2,289
)
 
$
31,160

 
575

 
$
(19,249
)
 
$
106


(a) Refer to "—Note 1. Accounting Policies 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 shares during 2017 through Rule 10b5-1, open market purchases and accelerated share repurchase agreements.

BMS completed accelerated share repurchase agreements that repurchased approximately 36.5 million shares of the Company's common stock for an aggregate $2 billion in 2017. The agreements were funded through a combination of debt and cash.

The components of other comprehensive income/(loss) were as follows:
 
 
 
 
 
Year Ended December 31,
 
 
 
 
 
2017
 
2016
 
2015
Dollars in Millions
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(101
)
 
$
33

 
$
(68
)
 
$
(5
)
 
$
—

 
$
(5
)
 
$
59

 
$
(22
)
 
$
37

Reclassified to net earnings(a)
19

 
(8
)
 
11

 
12

 
(3
)
 
9

 
(130
)
 
42

 
(88
)
Derivatives qualifying as cash flow hedges
(82
)
 
25

 
(57
)
 
7

 
(3
)
 
4

 
(71
)
 
20

 
(51
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
47

 
11

 
58

 
(126
)
 
(3
)
 
(129
)
 
(88
)
 
27

 
(61
)
Amortization(b)
77

 
(31
)
 
46

 
78

 
(25
)
 
53

 
85

 
(28
)
 
57

Settlements(c)
167

 
(57
)
 
110

 
91

 
(32
)
 
59

 
160

 
(55
)
 
105

Pension and postretirement benefits
291

 
(77
)
 
214

 
43

 
(60
)
 
(17
)
 
157

 
(56
)
 
101

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
38

 
6

 
44

 
(12
)
 
(1
)
 
(13
)
 
(71
)
 
14

 
(57
)
Realized (gains)/losses(c)
(7
)
 
2

 
(5
)
 
29

 
—

 
29

 
3

 
—

 
3

Available-for-sale securities
31

 
8

 
39

 
17

 
(1
)
 
16

 
(68
)
 
14

 
(54
)
Foreign currency translation
(20
)
 
38

 
18

 
(33
)
 
(5
)
 
(38
)
 
(17
)
 
(22
)
 
(39
)
Total Other Comprehensive Income/(Loss)
$
220

 
$
(6
)
 
$
214

 
$
34

 
$
(69
)
 
$
(35
)
 
$
1

 
$
(44
)
 
$
(43
)

(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 (net)
The accumulated balances related to each component of other comprehensive loss, net of taxes, were as follows:
 
 
December 31,
Dollars in Millions
 
2017
 
2016
Derivatives qualifying as cash flow hedges
 
$
(19
)
 
$
38

Pension and postretirement benefits
 
(1,883
)
 
(2,097
)
Available-for-sale securities
 
32

 
(7
)
Foreign currency translation
 
(419
)
 
(437
)
Accumulated other comprehensive loss
 
$
(2,289
)
 
$
(2,503
)