EQUITY (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Stock by Class [Table Text Block]

The following table summarizes changes in equity for the nine months ended September 30, 2021:

	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, 2020	2,923	$	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, 2021	2,923	$	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, 2021	2,923	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, 2021	2,923	$	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 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
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, 2020	2,923	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, 2020	2,923	$	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.

Schedule of Comprehensive Income Loss [Table Text Block]

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

	2021						2020
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)	$	93	$	(13)	$	80	$	(128)	$	10	$	(118)
Reclassified to net earnings(a)	37		(4)		33		(17)		3		(14)
Derivatives qualifying as cash flow hedges	130		(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 benefits	8		(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)

	2021						2020
Dollars in Millions	Pretax		Tax		After Tax		Pretax		Tax		After 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 hedges	440		(41)		399		(134)		13		(121)
Pension and postretirement benefits:
Actuarial losses	18		(2)		16		(28)		6		(22)
Amortization(b)	29		(7)		22		27		(5)		22
Settlements(b)	8		(1)		7		7		(2)		5
Pension and postretirement benefits	55		(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.

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, 2021		December 31, 2020
Derivatives qualifying as cash flow hedges	$	162	$	(237)
Pension and postretirement benefits	(929)		(974)
Available-for-sale debt securities	4		11
Foreign currency translation	(661)		(639)
Accumulated other comprehensive loss	$	(1,424)	$	(1,839)