EQUITY (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of Stock by Class [Table Text Block]

The following table summarizes changes in equity for the three months ended March 31, 2020:

	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, 2019	2,923	$	292	$	43,709		$	(1,520	)	$	34,474		672		$	(25,357	)	$	100
Net loss	—	—		—			—			(775		)	—		—			9
Other Comprehensive Loss	—	—		—			(29		)	—			—		—			—
Cash dividends declared(a)	—	—		—			—			(1,028		)	—		—			—
Share repurchase program	—	—		—			—			—			1		(81		)	—
Stock compensation	—	—		(455		)	—			—			(13	)	681			—
Distributions	—	—		—			—			—			—		—			(43		)
Balance at March 31, 2020	2,923	$	292	$	43,254		$	(1,549	)	$	32,671		660		$	(24,757	)	$	66

(a) Cash dividends declared per common share were $0.45 for the three months ended March 31, 2020.

The following table summarizes changes in equity for the three months ended March 31, 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	—	—		—		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

(a) Refer to “—Note 1. Accounting Policies and Recently Issued Accounting Standards” in the Company's 2019 Form 10-K for additional information.

(b) Cash dividends declared per common share were $0.41 for the three months ended March 31, 2019.

Schedule of Comprehensive Income Loss [Table Text Block]

The components of Other Comprehensive (Loss)/Income were as follows:

	2020									2019
Dollars in Millions	Pretax			Tax			After Tax			Pretax			Tax			After Tax
Three Months Ended March 31,
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)	$	97		$	(10	)	$	87		$	45		$	(5	)	$	40
Reclassified to net earnings(a)	(20		)	3			(17		)	(30		)	4			(26		)
Derivatives qualifying as cash flow hedges	77			(7		)	70			15			(1		)	14
Pension and postretirement benefits:
Actuarial gains/(losses)	8			(2		)	6			(2		)	—			(2		)
Amortization(b)	9			(1		)	8			17			(4		)	13
Settlements(b)	2			—			2			49			(11		)	38
Pension and postretirement benefits	19			(3		)	16			64			(15		)	49
Available-for-sale debt securities:
Unrealized gains	2			(1		)	1			23			—			23
Realized losses	—			—			—			3			—			3
Available-for-sale debt securities	2			(1		)	1			26			—			26
Foreign currency translation	(110		)	(6		)	(116		)	32			(3		)	29
Other Comprehensive (Loss)/Income	$	(12	)	$	(17	)	$	(29	)	$	137		$	(19	)	$	118

(a) Included in Cost of products sold.

(b) Included in Other expense/(income), net.

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:

Dollars in Millions	March 31, 2020			December 31, 2019
Derivatives qualifying as cash flow hedges	$	89		$	19
Pension and postretirement benefits	(883		)	(899		)
Available-for-sale debt securities	7			6
Foreign currency translation	(762		)	(646		)
Accumulated other comprehensive loss	$	(1,549	)	$	(1,520	)