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EQUITY
 12 Months Ended
Dec. 31, 2018
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, 2016
2,208

 
$
221

 
$
1,459

 
$
(2,468
)
 
$
31,613

 
539

 
$
(16,559
)
 
$
158

Net earnings
—

 
—

 
—

 
—

 
4,457

 
—

 
—

 
50

Other Comprehensive (Loss)/Income
—

 
—

 
—

 
(35
)
 
—

 
—

 
—

 
—

Cash dividends declared(c)
—

 
—

 
—

 
—

 
(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 (Loss)/Income
—

 
—

 
—

 
214

 
—

 
—

 
—

 
—

Cash dividends declared(c)
—

 
—

 
—

 
—

 
(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

Accounting change - cumulative effect(b)
—

 
—

 
—

 
(34
)
 
332

 
—

 
—

 
—

Adjusted balance at January 1, 2018
2,208

 
221

 
1,898

 
(2,323
)
 
31,492

 
575

 
(19,249
)
 
106

Net earnings
—

 
—

 
—

 
—

 
4,920

 
—

 
—

 
27

Other Comprehensive (Loss)/Income
—

 
—

 
—

 
(156
)
 
—

 
—

 
—

 
—

Cash dividends declared(c)
—

 
—

 
—

 
—

 
(2,630
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
5

 
(313
)
 
—

Stock compensation
—

 
—

 
183

 
—

 
—

 
(4
)
 
(12
)
 
—

Adoption of ASU 2018-02(b)
—

 
—

 
—

 
(283
)
 
283

 
—

 
—

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(37
)
Balance at December 31, 2018
2,208

 
$
221

 
$
2,081

 
$
(2,762
)
 
$
34,065

 
576

 
$
(19,574
)
 
$
96


(a)
Cumulative effect resulting from adoption of ASU 2016-16.
(b)
Refer to “—Note 1. Accounting Policies and Recently Issued Accounting Standards” for additional information.
(c)
Cash dividends declared per common share were $1.61, $1.57 and $1.53 in 2018, 2017 and 2016, respectively.

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 $2 billion of its common stock in 2017 through accelerated share repurchase agreements. The agreements were funded through a combination of debt and cash.

The components of Other Comprehensive (Loss)/Income were as follows:
 
 
 
 
 
Year Ended December 31,
 
 
 
 
 
2018
 
2017
 
2016
Dollars in Millions
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
 
Pretax
 
Tax
 
After Tax
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
86

 
$
(9
)
 
$
77

 
$
(101
)
 
$
33

 
$
(68
)
 
$
(5
)
 
$
—

 
$
(5
)
Reclassified to net earnings(a)
(4
)
 
(3
)
 
(7
)
 
19

 
(8
)
 
11

 
12

 
(3
)
 
9

Derivatives qualifying as cash flow hedges
82

 
(12
)
 
70

 
(82
)
 
25

 
(57
)
 
7

 
(3
)
 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Actuarial (losses)/gains
(89
)
 
(3
)
 
(92
)
 
47

 
11

 
58

 
(126
)
 
(3
)
 
(129
)
Amortization(b)
65

 
(13
)
 
52

 
77

 
(31
)
 
46

 
78

 
(25
)
 
53

Settlements(b)
121

 
(28
)
 
93

 
167

 
(57
)
 
110

 
91

 
(32
)
 
59

Pension and postretirement benefits
97

 
(44
)
 
53

 
291

 
(77
)
 
214

 
43

 
(60
)
 
(17
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized (losses)/gains
(30
)
 
5

 
(25
)
 
38

 
6

 
44

 
(12
)
 
(1
)
 
(13
)
Realized (gains)/losses(b)
—

 
—

 
—

 
(7
)
 
2

 
(5
)
 
29

 
—

 
29

Available-for-sale securities
(30
)
 
5

 
(25
)
 
31

 
8

 
39

 
17

 
(1
)
 
16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
(245
)
 
(9
)
 
(254
)
 
(20
)
 
38

 
18

 
(33
)
 
(5
)
 
(38
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Other Comprehensive (Loss)/Income
$
(96
)
 
$
(60
)
 
$
(156
)
 
$
220

 
$
(6
)
 
$
214

 
$
34

 
$
(69
)
 
$
(35
)
(a)
Included in Cost of products sold.
(b)
Included in Other income (net).

The accumulated balances related to each component of Other Comprehensive (Loss)/Income, net of taxes, were as follows:
 
 
December 31,
Dollars in Millions
 
2018
 
2017
Derivatives qualifying as cash flow hedges
 
$
51

 
$
(19
)
Pension and postretirement benefits
 
(2,102
)
 
(1,883
)
Available-for-sale securities
 
(30
)
 
32

Foreign currency translation
 
(681
)
 
(419
)
Accumulated other comprehensive loss
 
$
(2,762
)
 
$
(2,289
)