XML 61 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
EQUITY (Tables)
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
 
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.
Schedule of Comprehensive Income (Loss) [Table Text Block]
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
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
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
)