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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
 12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information [Text Block]
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Dollars in Millions, except per share data
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
2017
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
4,929

 
$
5,144

 
$
5,254

 
$
5,449

 
$
20,776

Gross Margin
 
3,670

 
3,582

 
3,682

 
3,776

 
14,710

Net Earnings/(Loss)
 
1,526

 
922

 
856

 
(2,329
)
 
975

Net Earnings/(Loss) Attributable to:
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest
 
(48
)
 
6

 
11

 
(1
)
 
(32
)
BMS
 
1,574

 
916

 
845

 
(2,328
)
 
1,007

 
 
 
 
 
 
 
 
 
 
 
Earnings/(Loss) per Share - Basic(a)
 
$
0.95

 
$
0.56

 
$
0.52

 
$
(1.42
)
 
$
0.61

Earnings/(Loss) per Share - Diluted(a)
 
0.94

 
0.56

 
0.51

 
(1.42
)
 
0.61

 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.39

 
$
0.39

 
$
0.39

 
$
0.40

 
$
1.57

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
3,910

 
$
3,470

 
$
4,644

 
$
5,421

 
$
5,421

Marketable securities(b)
 
4,884

 
5,615

 
5,004

 
3,871

 
3,871

Total Assets
 
32,937

 
33,409

 
33,977

 
33,551

 
33,551

Long-term debt(c)
 
7,237

 
6,911

 
6,982

 
6,975

 
6,975

Equity
 
14,535

 
14,821

 
14,914

 
11,847

 
11,847

 
 
 
 
 
 
 
 
 
 
 
Dollars in Millions, except per share data
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
2016
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
4,391

 
$
4,871

 
$
4,922

 
$
5,243

 
$
19,427

Gross Margin
 
3,339

 
3,665

 
3,617

 
3,860

 
14,481

Net Earnings
 
1,206

 
1,188

 
1,215

 
898

 
4,507

Net Earnings Attributable to:
 
 
 
 
 
 
 
 
 
 
Noncontrolling Interest
 
11

 
22

 
13

 
4

 
50

BMS
 
1,195

 
1,166

 
1,202

 
894

 
4,457

 
 
 
 
 
 
 
 
 
 
 
Earnings per Share - Basic(a)
 
$
0.72

 
$
0.70

 
$
0.72

 
$
0.53

 
$
2.67

Earnings per Share - Diluted(a)
 
0.71

 
0.69

 
0.72

 
0.53

 
2.65

 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.38

 
$
0.38

 
$
0.38

 
$
0.39

 
$
1.53

 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
2,644

 
$
2,934

 
$
3,432

 
$
4,237

 
$
4,237

Marketable securities(b)
 
5,352

 
4,998

 
5,163

 
4,832

 
4,832

Total Assets
 
31,892

 
32,831

 
33,727

 
33,707

 
33,707

Long-term debt(c)
 
6,593

 
6,581

 
6,585

 
6,465

 
6,465

Equity
 
14,551

 
15,078

 
15,781

 
16,347

 
16,347

(a)
Earnings per share for the quarters may not add to the amounts for the year, as each period is computed on a discrete basis.
(b)
Marketable securities includes current and non-current assets.
(c)
Long-term debt includes the current portion.
The following specified items affected the comparability of results in 2017 and 2016:
2017
Dollars in Millions
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Cost of products sold(a)
 
$
—

 
$
130

 
$
1

 
$
18

 
$
149

 
 
 
 
 
 
 
 
 
 
 
Marketing, selling and administrative
 
—

 
—

 
—

 
1

 
1

 
 
 
 
 
 
 
 
 
 
 
License and asset acquisition charges
 
50

 
393

 
310

 
377

 
1,130

IPRD impairments
 
75

 
—

 
—

 
—

 
75

Site exit costs and other
 
72

 
96

 
64

 
151

 
383

Research and development
 
197

 
489

 
374

 
528

 
1,588

 
 
 
 
 
 
 
 
 
 
 
Provision for restructuring
 
164

 
15

 
28

 
86

 
293

Litigation and other settlements
 
(481
)
 
—

 
—

 
—

 
(481
)
Divestiture gains
 
(100
)
 
—

 
—

 
(26
)
 
(126
)
Royalties and licensing income
 
—

 
(497
)
 
—

 
—

 
(497
)
Pension charges
 
33

 
36

 
22

 
71

 
162

Loss on debt redemption
 
—

 
109

 
—

 
—

 
109

Other income (net)
 
(384
)
 
(337
)
 
50

 
131

 
(540
)
 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to pretax income
 
(187
)
 
282

 
425

 
678

 
1,198

 
 
 
 
 
 
 
 
 
 
 
Income taxes on items above
 
72

 
20

 
(41
)
 
(138
)
 
(87
)
Income taxes attributed to U.S. tax reform
 
—

 
—

 
—

 
2,911

 
2,911

Income taxes
 
72

 
20

 
(41
)
 
2,773

 
2,824

 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to net earnings
 
(115
)
 
302

 
384

 
3,451

 
4,022

 
 
 
 
 
 
 
 
 
 
 
Noncontrolling interest
 
(59
)
 
—

 
—

 
—

 
(59
)
 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to net earnings used for Diluted Non-GAAP EPS calculation
 
$
(174
)
 
$
302

 
$
384

 
$
3,451

 
$
3,963

2016
Dollars in Millions
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Cost of products sold(a)
 
$
4

 
$
4

 
$
7

 
$
6

 
$
21

 
 
 
 
 
 
 
 
 
 
 
License and asset acquisition charges
 
125

 
139

 
45

 
130

 
439

IPRD impairments
 
—

 
—

 
—

 
13

 
13

Site exit costs and other
 
13

 
13

 
14

 
43

 
83

Research and development
 
138

 
152

 
59

 
186

 
535

 
 
 
 
 
 
 
 
 
 
 
Provision for restructuring
 
4

 
18

 
19

 
68

 
109

Litigation and other settlements
 
43

 
—

 
(3
)
 
—

 
40

Divestiture gains
 
(269
)
 
(277
)
 
(13
)
 
—

 
(559
)
Royalties and licensing income
 
—

 
—

 
—

 
(10
)
 
(10
)
Pension charges
 
22

 
25

 
19

 
25

 
91

Intangible asset impairment
 
15

 
—

 
—

 
—

 
15

Other income (net)
 
(185
)
 
(234
)
 
22

 
83

 
(314
)
 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to pretax income
 
(43
)
 
(78
)
 
88

 
275

 
242

 
 
 
 
 
 
 
 
 
 
 
Income taxes
 
83

 
76

 
(3
)
 
(105
)
 
51

 
 
 
 
 
 
 
 
 
 
 
Increase/(decrease) to net earnings
 
$
40

 
$
(2
)
 
$
85

 
$
170

 
$
293

(a)
Specified items in cost of products sold are accelerated depreciation, asset impairment and other shutdown costs.