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EQUITY
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
The following table summarizes changes in equity for the nine months ended September 30, 2021:
Common StockCapital in Excess of Par Value of StockAccumulated Other Comprehensive LossRetained EarningsTreasury StockNoncontrolling Interest
Dollars and Shares in MillionsSharesPar ValueSharesCost
Balance at December 31, 20202,923 $292 $44,325 $(1,839)$21,281 679 $(26,237)$60 
Net Earnings— — — — 2,021 — — 8 
Other Comprehensive Income— — — 295 — — — — 
Cash dividends declared(a)
— — — — (1,098)— — — 
Share repurchase program— — — — — 28 (1,768)— 
Stock compensation— — (473)— — (15)806 — 
Balance at March 31, 20212,923 $292 $43,852 $(1,544)$22,204 692 $(27,199)$68 
Net Earnings— — — — 1,055 — — 6 
Other Comprehensive Income— — — 26 — — — — 
Cash dividends declared(a)
— — — — (1,091)— — — 
Stock repurchase program— — — — — 19 (1,235)— 
Stock compensation— — 212 — — (10)236 — 
Distributions— — — — — — — (8)
Balance at June 30, 20212,923 292 44,064 (1,518)22,168 701 (28,198)66 
Net Earnings— — — — 1,546 — — 5 
Other Comprehensive Income— — — 94 — — — — 
Cash dividends declared(a)
— — — — (1,089)— — — 
Stock repurchase program— — — — — 7 (487)— 
Stock compensation— — 228 — — (5)113 — 
Distributions— — — — — — — — 
Balance at September 30, 20212,923 $292 $44,292 $(1,424)$22,625 703 $(28,572)$71 
(a)    Cash dividends declared per common share were $0.49 for the three months ended March 31, 2021, June 30, 2021 and September 30, 2021.

The following table summarizes changes in equity for the nine months ended September 30, 2020:
Common StockCapital in Excess of Par Value of StockAccumulated Other Comprehensive LossRetained EarningsTreasury StockNoncontrolling Interest
Dollars and Shares in MillionsSharesPar ValueSharesCost
Balance at December 31, 20192,923 $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, 20202,923 $292 $43,254 $(1,549)$32,671 660 $(24,757)$66 
Net Loss— — — — (85)— — 5 
Other Comprehensive Loss— — — (7)— — — — 
Cash dividends declared(b)
— — — — (1,021)— — — 
Stock repurchase program— — 1,400 — — 16 (1,400)— 
Stock compensation— — (210)— — (7)506 — 
Distributions— — — — — — — (5)
Balance at June 30, 20202,923 292 44,444 (1,556)31,565 669 (25,651)66 
Net Earnings— — — — 1,872 — — 6 
Other Comprehensive Loss— — — (143)— — — — 
Cash dividends declared(b)
— — — — (1,023)— — — 
Stock compensation— — (9)— — (6)367 — 
Balance at September 30, 20202,923 $292 $44,435 $(1,699)$32,414 663 $(25,284)$72 
(a)    Cash dividends declared per common share were $0.45 for the three months ended March 31, 2020, June 30, 2021 and September 30, 2020.
BMS has a share repurchase program, authorized by its Board of Directors, allowing for repurchases of its shares. The share repurchase program does not obligate us to repurchase any specific number of shares, does not have a specific 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.

The outstanding share repurchase authority authorization under the program was $4.4 billion as of December 31, 2020. In January 2021, the Board of Directors approved an increase of $2.0 billion to the share repurchase authorization for BMS’s common stock. BMS repurchased approximately 54 million shares of its common stock for $3.5 billion during the nine months ended September 30, 2021. The remaining share repurchase capacity under the share repurchase program was approximately $2.9 billion as of September 30, 2021.

BMS repurchased 1.4 million shares of its common stock for $81 million in the nine months ended September 30, 2020.

In the fourth quarter of 2019, BMS executed accelerated share repurchase (“ASR”) agreements to repurchase an aggregate $7 billion of common stock. The ASR was funded with cash on-hand. In the fourth quarter of 2019, approximately 99 million shares of common stock (80% of the $7 billion aggregate repurchase price) were received by BMS and included in treasury stock. In the second quarter of 2020, the agreement was settled and approximately 16 million shares of common stock were received by BMS and transferred to treasury stock.

The components of Other Comprehensive Income/(Loss) were as follows:
20212020
Dollars in MillionsPretaxTaxAfter TaxPretaxTaxAfter Tax
Three Months Ended September 30,
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)$93 $(13)$80 $(128)$10 $(118)
Reclassified to net earnings(a)
37 (4)33 (17)3 (14)
Derivatives qualifying as cash flow hedges130 (17)113 (145)13 (132)
Pension and postretirement benefits:
Actuarial losses(4)1 (3)(16)3 (13)
Amortization(b)
10 (2)8 9 (2)7 
Settlements(b)
2 — 2 3 (1)2 
Pension and postretirement benefits8 (1)7 (4)— (4)
Available-for-sale debt securities:
Unrealized (losses)/gains(3)— (3)(4)2 (2)
Foreign currency translation(18)(5)(23)(16)11 (5)
Other Comprehensive Income/(Loss)$117 $(23)$94 $(169)$26 $(143)
20212020
Dollars in MillionsPretaxTaxAfter TaxPretaxTaxAfter Tax
Nine Months Ended September 30,
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)$314 $(27)$287 $(65)$4 $(61)
Reclassified to net earnings(a)
126 (14)112 (69)9 (60)
Derivatives qualifying as cash flow hedges440 (41)399 (134)13 (121)
Pension and postretirement benefits:
Actuarial losses18 (2)16 (28)6 (22)
Amortization(b)
29 (7)22 27 (5)22 
Settlements(b)
8 (1)7 7 (2)5 
Pension and postretirement benefits55 (10)45 6 (1)5 
Available-for-sale debt securities:
Unrealized (losses)/gains(9)2 (7)10 (2)8 
Realized losses— — — (1)— (1)
Available-for-sale debt securities:(9)2 (7)9 (2)7 
Foreign currency translation(6)(16)(22)(81)11 (70)
Other Comprehensive Income/(Loss)$480 $(65)$415 $(200)$21 $(179)
(a)Included in Cost of products sold.
(b)Included in Other (income)/expense, net.

The accumulated balances related to each component of Other Comprehensive Income/(Loss), net of taxes, were as follows:
Dollars in MillionsSeptember 30,
2021		December 31,
2020
Derivatives qualifying as cash flow hedges$162 $(237)
Pension and postretirement benefits(929)(974)
Available-for-sale debt securities4 11 
Foreign currency translation(661)(639)
Accumulated other comprehensive loss$(1,424)$(1,839)