EQUITY (Tables)

9 Months Ended

Sep. 30, 2018

Equity [Abstract]

Schedule of Stock by Class [Table Text Block]

The following table summarizes changes in equity for the three and nine months ended September 30, 2017:

	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 June 30, 2017	2,208	$	221	$	1,794	$	(2,467	)	$	33,934		568		$	(18,783	)	$	122
Net earnings	—	—		—		—			845			—		—			11
Other Comprehensive Income/(Loss)	—	—		—		46			—			—		—			—
Cash dividends declared	—	—		—		—			(638		)	—		—			—
Stock repurchase program	—	—		—		—			—			4		(226		)	—
Stock compensation	—	—		51		—			—			(1	)	6			—
Distributions	—	—		—		—			—			—		—			(2		)
Balance at September 30, 2017	2,208	$	221	$	1,845	$	(2,421	)	$	34,141		571		$	(19,003	)	$	131

Balance at December 31, 2016	2,208	$	221	$	1,725	$	(2,503	)	$	33,513		536		$	(16,779	)	$	170
Accounting change - cumulative effect	—	—		—		—			(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/(Loss)	—	—		—		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

The following table summarizes changes in equity for the three and nine months ended September 30, 2018:

	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 June 30, 2018	2,208	$	221	$	1,966	$	(2,334	)	$	32,044		576		$	(19,580	)	$	101
Net earnings	—	—		—		—			1,901			—		—			11
Other Comprehensive Income/(Loss)	—	—		—		8			—			—		—			—
Cash dividends declared	—	—		—		—			(653		)	—		—			—
Stock repurchase program	—	—		—		—			—			—		—			—
Stock compensation	—	—		63		—			—			—		4			—
Distributions	—	—		—		—			—			—		—			(2		)
Balance at September 30, 2018	2,208	$	221	$	2,029	$	(2,326	)	$	33,292		576		$	(19,576	)	$	110
Balance at December 31, 2017	2,208	$	221	$	1,898	$	(2,289	)	$	31,160		575		$	(19,249	)	$	106
Accounting change - cumulative effect(a)	—	—		—		(34		)	332			—		—			—
Adjusted balance at January 1, 2018	2,208	$	221	$	1,898	$	(2,323	)	$	31,492		575		$	(19,249	)	$	106
Net earnings	—	—		—		—			3,760			—		—			29
Other Comprehensive Income/(Loss)	—	—		—		(3		)	—			—		—			—
Cash dividends declared	—	—		—		—			(1,960		)	—		—			—
Stock repurchase program	—	—		—		—			—			5		(313		)	—
Stock compensation	—	—		131		—			—			(4	)	(14		)	—
Distributions	—	—		—		—			—			—		—			(25		)
Balance at September 30, 2018	2,208	$	221	$	2,029	$	(2,326	)	$	33,292		576		$	(19,576	)	$	110

(a) Refer to "—Note 1. Basis of Presentation and Recently Issued Accounting Standards" for additional information.

Schedule of Comprehensive Income Loss [Table Text Block]

The components of Other Comprehensive Income/(Loss) were as follows in the three months ended September 30:

	2018									2017
Dollars in Millions	Pretax			Tax			After tax			Pretax			Tax			After tax
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)	$	18		$	(2	)	$	16		$	(28	)	$	12		$	(16	)
Reclassified to net earnings(a)	(13		)	2			(11		)	21			(6		)	15
Derivatives qualifying as cash flow hedges	5			—			5			(7		)	6			(1		)
Pension and postretirement benefits:
Actuarial gains/(losses)	(12		)	3			(9		)	(5		)	2			(3		)
Amortization(b)	14			(3		)	11			19			(11		)	8
Settlements(b)	26			(6		)	20			21			(8		)	13
Pension and postretirement benefits	28			(6		)	22			35			(17		)	18
Available-for-sale securities:
Unrealized gains/(losses)	4			(2		)	2			27			(5		)	22
Foreign currency translation	(21		)	—			(21		)	(10		)	17			7
Total Other Comprehensive Income/(Loss)	$	16		$	(8	)	$	8		$	45		$	1		$	46

The components of Other Comprehensive Income/(Loss) were as follows in the nine months ended September 30:

	2018									2017
Dollars in Millions	Pretax			Tax			After tax			Pretax			Tax			After tax
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)	$	63		$	(6	)	$	57		$	(81	)	$	31		$	(50	)
Reclassified to net earnings(a)	20			(6		)	14			(11		)	—			(11		)
Derivatives qualifying as cash flow hedges	83			(12		)	71			(92		)	31			(61		)
Pension and postretirement benefits:
Actuarial gains/(losses)	100			(21		)	79			(40		)	17			(23		)
Amortization(b)	50			(9		)	41			57			(22		)	35
Settlements(b)	95			(21		)	74			96			(34		)	62
Pension and postretirement benefits	245			(51		)	194			113			(39		)	74
Available-for-sale securities:
Unrealized gains/(losses)	(36		)	5			(31		)	48			(7		)	41
Foreign currency translation	(232		)	(5		)	(237		)	(8		)	36			28
Total Other Comprehensive Income/(Loss)	$	60		$	(63	)	$	(3	)	$	61		$	21		$	82

(a) Included in Cost of products sold.

(b) Included in Other income (net).

Schedule of Accumulated Other Comprehensive Income Loss [Table Text Block]

The accumulated balances related to each component of Other Comprehensive Income/(Loss), net of taxes, were as follows:

Dollars in Millions	September 30, 2018			December 31, 2017
Derivatives qualifying as cash flow hedges	$	52		$	(19	)
Pension and postretirement benefits	(1,689		)	(1,883		)
Available-for-sale securities	(33		)	32
Foreign currency translation	(656		)	(419		)
Accumulated other comprehensive loss	$	(2,326	)	$	(2,289	)