FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2018

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:

	June 30, 2018					December 31, 2017
Dollars in Millions	Level 1		Level 2			Level 1		Level 2
Cash and cash equivalents - money market and other investments	$	—	$	4,387		$	—	$	4,728
Marketable securities
Certificates of deposit	—		196			—		141
Commercial paper	—		—			—		50
Corporate debt securities	—		2,861			—		3,548
Equity investments	—		136			—		132
Derivative assets	—		55			—		13
Equity investments	112		393			67		—
Derivative liabilities	—		(27		)	—		(52		)

Available-for-sale Securities [Table Text Block]

The following table summarizes available-for-sale securities:

	June 30, 2018									December 31, 2017
Dollars in Millions	Amortized Cost		Gross Unrealized							Amortized Cost		Gross Unrealized
			Gains		Losses			Fair Value				Gains		Losses			Fair Value
Certificates of deposit	$	196	$	—	$	—		$	196	$	141	$	—	$	—		$	141
Commercial paper	—		—		—			—		50		—		—			50
Corporate debt securities	2,908		—		(47		)	2,861		3,555		3		(10		)	3,548
Equity investments(a)	—		—		—			—		31		37		(1		)	67
	$	3,104	$	—	$	(47	)	$	3,057	$	3,777	$	40	$	(11	)	$	3,806
Equity investments(b)								641									132
Total								$	3,698								$	3,938

Dollars in Millions	June 30, 2018		December 31, 2017
Current marketable securities	$	1,076	$	1,391
Non-current marketable securities(c)	2,117		2,480
Other assets(a)	505		67
Total	$	3,698	$	3,938

(a) Includes equity investments with readily determinable fair values not measured using the fair value option as of December 31, 2017.

(b) Includes equity and fixed income funds measured using the fair value option at December 31, 2017. Refer to "—Note.1Basis of Presentation and Recently Issued Accounting Standards" for more information.

(c) All non-current marketable securities mature within five years as of June 30, 2018 and December 31, 2017.

Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]

The following table summarizes net loss recorded for equity investments with readily determinable fair values held as of June 30, 2018:

Dollars in Millions	Three Months Ended June 30, 2018			Six Months Ended June 30, 2018
Net loss recognized	$	(374	)	$	(359	)
Less: Net loss recognized for equity investments sold	—			—
Net unrealized loss on equity investments held	$	(374	)	$	(359	)

Schedule of Derivatives and Fair Value [Table Text Block]

The following table summarizes the fair value of outstanding derivatives:

	June 30, 2018									December 31, 2017
	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	$	(17	)	$	—	$	—	$	755	$	(6	)
Cross-currency interest rate swap contracts	—		—		300		(4		)	—		—		—		—
Foreign currency forward contracts	1,186		48		—		—			944		12		489		(9		)
Derivatives not designated as hedging instruments:
Foreign currency forward contracts	529		7		168		(6		)	206		1		1,369		(37		)

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

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

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table summarizes the financial statement classification and amount of gain/(loss) recognized on hedging instruments:

	Three Months Ended June 30, 2018						Six Months Ended June 30, 2018
Dollars in Millions	Cost of products sold			Other income (net)			Cost of products sold			Other income (net)
Interest rate swap contracts	$	—		$	6		$	—		$	13
Cross-currency interest rate swap contracts	—			2			—			4
Foreign currency forward contracts	(13		)	16			(33		)	7
	Three Months Ended June 30, 2017						Six Months Ended June 30, 2017
Dollars in Millions	Cost of products sold			Other income (net)			Cost of products sold			Other income (net)
Interest rate swap contracts	$	—		$	8		$	—		$	16
Cross-currency interest rate swap contracts	—			—			—			—
Foreign currency forward contracts	15			(5		)	35			(23		)

Gain/(Loss) on Hedging Activity [Table Text Block]

The following table summarizes the effect of derivative and non-derivative instruments designated as hedging instruments in other comprehensive loss:

Dollars in Millions	Three Months Ended June 30, 2018		Six Months Ended June 30, 2018
Derivatives qualifying as cash flow hedges
Foreign currency forward contracts gain/(loss):
Recognized in other comprehensive loss(a)	$	83	$	45
Reclassified to cost of products sold	13		33
Derivatives qualifying as net investment hedges
Cross-currency interest rate swap contracts gain/(loss):
Recognized in other comprehensive loss	12		(4		)
Non-derivatives qualifying as net investment hedges
Non U.S. dollar borrowings gain/(loss):
Recognized in other comprehensive loss	62		16

(a) The amount is expected to be reclassified into earnings in the next 12 months.

Schedule of Short-term Debt [Table Text Block]

Short-term debt obligations include:

Dollars in Millions	June 30, 2018		December 31, 2017
Commercial paper	$	—	$	299
Non-U.S. short-term borrowings	352		512
Current portion of long-term debt	1,261		—
Other	103		176
Total	$	1,716	$	987

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	June 30, 2018			December 31, 2017
Principal Value	$	6,812		$	6,835
Adjustments to Principal Value
Fair value of interest rate swap contracts	(17		)	(6		)
Unamortized basis adjustment from swap terminations	214			227
Unamortized bond discounts and issuance costs	(77		)	(81		)
Total	$	6,932		$	6,975
Current portion of long-term debt	$	1,261		$	—
Long-term debt	5,671			6,975

Debt Instrument 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.