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EQUITY (Tables)
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of Stock by Class [Table Text Block]

The following table summarizes changes in equity for the nine months ended September 30, 2019:
 
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 December 31, 2018
2,208

 
$
221

 
$
2,081

 
$
(2,762
)
 
$
34,065

 
576

 
$
(19,574
)
 
$
96

Accounting change - cumulative effect(a)
—

 
—

 
—

 
—

 
5

 
—

 
—

 
—

Adjusted balance at January 1, 2019
2,208

 
221

 
2,081

 
(2,762
)
 
34,070

 
576

 
(19,574
)
 
96

Net earnings
—

 
—

 
—

 
—

 
1,710

 
—

 
—

 
5

Other Comprehensive Income/(Loss)
—

 
—

 
—

 
118

 
—

 
—

 
—

 
—

Cash dividends declared(b)
—

 
—

 
—

 
—

 
(671
)
 
—

 
—

 
—

Stock compensation
—

 
—

 
22

 
—

 
—

 
(4
)
 
3

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(2
)
Balance at March 31, 2019
2,208

 
221

 
2,103

 
(2,644
)
 
35,109

 
572

 
(19,571
)
 
99

Net earnings
—

 
—

 
—

 
—

 
1,432

 
—

 
—

 
7

Other Comprehensive Income/(Loss)
—

 
—

 
—

 
23

 
—

 
—

 
—

 
—

Cash dividends declared(b)
—

 
—

 
—

 
—

 
(671
)
 
—

 
—

 
—

Stock compensation
—

 
—

 
47

 
—

 
—

 
—

 
—

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(4
)
Balance at June 30, 2019
2,208

 
221

 
2,150

 
(2,621
)
 
35,870

 
572

 
(19,571
)
 
102

Net earnings
—

 
—

 
—

 
—

 
1,353

 
—

 
—

 
13

Other Comprehensive Income/(Loss)
—

 
—

 
—

 
1,158

 
—

 
—

 
—

 
—

Cash dividends declared(b)
—

 
—

 
—

 
—

 
(668
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
7

 
(300
)
 
—

Stock compensation
—

 
—

 
56

 
—

 
—

 
—

 
—

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(9
)
Balance at September 30, 2019
2,208

 
$
221

 
$
2,206

 
$
(1,463
)
 
$
36,555

 
579

 
$
(19,871
)
 
$
106

(a)
Refer to “—Note 1. Basis of Presentation and Recently Issued Accounting Standards” for additional information.
(b)
Cash dividends declared per common share were $0.41 for the three months ended March 31, 2019, June 30, 2019 and September 30, 2019.

The following table summarizes changes in equity for the 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 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
—

 
—

 
—

 
—

 
1,486

 
—

 
—

 
9

Other Comprehensive Income/(Loss)
—

 
—

 
—

 
89

 
—

 
—

 
—

 
—

Cash dividends declared(b)
—

 
—

 
—

 
—

 
(655
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
3

 
(166
)
 
—

Stock compensation
—

 
—

 
18

 
—

 
—

 
(4
)
 
(18
)
 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(2
)
Balance at March 31, 2018
2,208

 
221

 
1,916

 
(2,234
)
 
32,323

 
574

 
(19,433
)
 
113

Net earnings
—

 
—

 
—

 
—

 
373

 
—

 
—

 
9

Other Comprehensive Income/(Loss)
—

 
—

 
—

 
(100
)
 
—

 
—

 
—

 
—

Cash dividends declared(b)
—

 
—

 
—

 
—

 
(652
)
 
—

 
—

 
—

Stock repurchase program
—

 
—

 
—

 
—

 
—

 
2

 
(147
)
 
—

Stock compensation
—

 
—

 
50

 
—

 
—

 
—

 
—

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(21
)
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(b)
—

 
—

 
—

 
—

 
(653
)
 
—

 
—

 
—

Stock compensation
—

 
—

 
63

 
—

 
—

 
—

 
4

 
—

Distributions
—

 
—

 
—

 
—

 
—

 
—

 
—

 
(2
)
Balance at September 30, 2018
2,208

 
$
221

 
$
2,029

 
$
(2,326
)
 
$
33,292

 
576

 
$
(19,576
)
 
$
110


(a)
Refer to “—Note 1. Accounting Policies and Recently Issued Accounting Standards” in the Company's 2018 Form 10-K for additional information.
(b)
Cash dividends declared per common share were $0.40 for the three months ended March 31, 2018, June 30, 2018 and September 30, 2018.
Schedule of Comprehensive Income Loss [Table Text Block]
The components of Other Comprehensive Income/(Loss) were as follows:
 
2019
 
2018
Dollars in Millions
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Three Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
63

 
$
(8
)
 
$
55

 
$
18

 
$
(2
)
 
$
16

Reclassified to net earnings(a)
(20
)
 
3

 
(17
)
 
(13
)
 
2

 
(11
)
Derivatives qualifying as cash flow hedges
43

 
(5
)
 
38

 
5

 
—

 
5

 
 
 
 
 
 
 
 
 
 
 
 
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial (losses)/gains
(126
)
 
27

 
(99
)
 
(12
)
 
3

 
(9
)
Amortization(b)
12

 
(2
)
 
10

 
14

 
(3
)
 
11

Settlements(b)
1,550

 
(345
)
 
1,205

 
26

 
(6
)
 
20

Pension and postretirement benefits
1,436

 
(320
)
 
1,116

 
28

 
(6
)
 
22

 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
6

 
(2
)
 
4

 
4

 
(2
)
 
2

 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
10

 
(10
)
 
—

 
(21
)
 
—

 
(21
)
 
 
 
 
 
 
 
 
 
 
 
 
Total Other Comprehensive Income/(Loss)
$
1,495

 
$
(337
)
 
$
1,158

 
$
16

 
$
(8
)
 
$
8

 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
102

 
$
(12
)
 
$
90

 
$
63

 
$
(6
)
 
$
57

Reclassified to net earnings(a)
(76
)
 
10

 
(66
)
 
20

 
(6
)
 
14

Derivatives qualifying as cash flow hedges
26

 
(2
)
 
24

 
83

 
(12
)
 
71

 
 
 
 
 
 
 
 
 
 
 
 
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial (losses)/gains
(140
)
 
30

 
(110
)
 
100

 
(21
)
 
79

Amortization(b)
45

 
(8
)
 
37

 
50

 
(9
)
 
41

Settlements(b)
1,643

 
(366
)
 
1,277

 
95

 
(21
)
 
74

Pension and postretirement benefits
1,548

 
(344
)
 
1,204

 
245

 
(51
)
 
194

 
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
42

 
(2
)
 
40

 
(36
)
 
5

 
(31
)
Realized losses
3

 
—

 
3

 
—

 
—

 
—

Available-for-sale securities
45

 
(2
)
 
43

 
(36
)
 
5

 
(31
)
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
39

 
(11
)
 
28

 
(232
)
 
(5
)
 
(237
)
 
 
 
 
 
 
 
 
 
 
 
 
Total Other Comprehensive Income/(Loss)
$
1,658

 
$
(359
)
 
$
1,299

 
$
60

 
$
(63
)
 
$
(3
)
(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,
2019
 
December 31,
2018
Derivatives qualifying as cash flow hedges
$
75

 
$
51

Pension and postretirement benefits
(898
)
 
(2,102
)
Available-for-sale securities
13

 
(30
)
Foreign currency translation
(653
)
 
(681
)
Accumulated other comprehensive loss
$
(1,463
)
 
$
(2,762
)