EQUITY (Tables)

12 Months Ended

Dec. 31, 2020

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, 2018	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	—	—		—		—		4,920		—	—		27
Other Comprehensive (Loss)Income	—	—		—		(156)		—		—	—		—
Cash dividends declared(b)	—	—		—		—		(2,630)		—	—		—
Share repurchase program	—	—		—		—		—		5	(313)		—
Stock compensation	—	—		183		—		—		(4)	(12)		—
Adoption of ASU 2018-02	—	—		—		(283)		283		—	—		—

Distributions	—	—		—		—		—		—	—		(37)
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	—	—		—		—		3,439		—	—		21
Other Comprehensive (Loss)/Income	—	—		—		1,242		—		—	—		—
Celgene acquisition	715	71		42,721		—		—		—	—		—
Cash dividends declared(b)	—	—		—		—		(3,035)		—	—		—
Share repurchase program	—	—		(1,400)		—		—		105	(5,900)		—
Stock compensation	—	—		307		—		—		(9)	117		—

Distributions	—	—		—		—		—		—	—		(17)
Balance at December 31, 2019	2,923	292		43,709		(1,520)		34,474		672	(25,357)		100
Net loss	—	—		—		—		(9,015)		—	—		20
Other Comprehensive (Loss)/Income	—	—		—		(319)		—		—	—		—

Cash dividends declared(b)	—	—		—		—		(4,178)		—	—		—
Share repurchase program	—	—		1,400		—		—		43	(2,993)		—
Stock compensation	—	—		(784)		—		—		(36)	2,113		—
Distributions	—	—		—		—		—		—	—		(60)
Balance at December 31, 2020	2,923	$	292	$	44,325	$	(1,839)	$	21,281	679	$	(26,237)	$	60

(a) Cumulative effect resulting from adoption of ASU 2014-09 and ASU 2016-02.

(b) Cash dividends declared per common share were $1.84 in 2020

Schedule of Comprehensive Income (Loss) [Table Text Block]

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


	Year Ended December 31,
	2020						2019						2018
Dollars in Millions	Pretax		Tax		After Tax		Pretax		Tax		After Tax		Pretax		Tax		After Tax
Derivatives qualifying as cash flow hedges:
Unrealized (losses)/gains	$	(216)	$	7	$	(209)	$	65	$	(7)	$	58	$	86	$	(9)	$	77
Reclassified to net earnings(a)	(54)		7		(47)		(103)		13		(90)		(4)		(3)		(7)
Derivatives qualifying as cash flow hedges	(270)		14		(256)		(38)		6		(32)		82		(12)		70

Pension and postretirement benefits:
Actuarial (losses)/gains	(134)		25		(109)		(143)		28		(115)		(89)		(3)		(92)
Amortization(b)	33		(6)		27		55		(11)		44		65		(13)		52
Settlements(b)	10		(3)		7		1,640		(366)		1,274		121		(28)		93
Pension and postretirement benefits	(91)		16		(75)		1,552		(349)		1,203		97		(44)		53

Available-for-sale securities:
Unrealized gains/(losses)	7		(1)		6		42		(9)		33		(30)		5		(25)
Realized (gains)/losses(b)	(1)		—		(1)		3		—		3		—		—		—
Available-for-sale securities	6		(1)		5		45		(9)		36		(30)		5		(25)

Foreign currency translation	(19)		26		7		43		(8)		35		(245)		(9)		(254)

Other Comprehensive (Loss)/Income	$	(374)	$	55	$	(319)	$	1,602	$	(360)	$	1,242	$	(96)	$	(60)	$	(156)

(a) Included in Cost of products sold.

(b) Included in Other (income)/expense, 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:


	December 31,
Dollars in Millions	2020		2019
Derivatives qualifying as cash flow hedges	$	(237)	$	19
Pension and postretirement benefits	(974)		(899)
Available-for-sale securities	11		6
Foreign currency translation	(639)		(646)
Accumulated other comprehensive loss	$	(1,839)	$	(1,520)