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Selected quarterly financial results (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]    
Selected quarterly financial results
 
 
 
 
 
 
 
 
 
 
 
 
2016 Quarter
 
(Dollars in millions except per share data)
 
1st
 
2nd
 
3rd
 
4th
 
Sales and revenues
 
$
9,461

 
$
10,342

 
$
9,160

 
$
9,574

 
Less: Revenues
 
(681
)
 
(697
)
 
(697
)
 
(689
)
 
Sales
 
8,780

 
9,645

 
8,463

 
8,885

 
Cost of goods sold
 
6,822

 
7,419

 
6,527

 
7,541

 
Gross margin
 
1,958

 
2,226

 
1,936

 
1,344

 
Profit (loss) 1
 
$
271

 
$
550

 
$
283

 
$
(1,171
)
4,5,6,7 
Profit (loss) per common share
 
$
0.46

 
$
0.94

 
$
0.48

 
$
(2.00
)
 
Profit (loss) per common share–diluted 2
 
$
0.46

 
$
0.93

 
$
0.48

 
$
(2.00
)
3 
 
 
 
 
 
 
 
 
 
 
 
 
2015 Quarter 8
 
 
 
1st
 
2nd
 
3rd
 
4th
 
Sales and revenues
 
$
12,702

 
$
12,317

 
$
10,962

 
$
11,030

 
Less: Revenues
 
(741
)
 
(734
)
 
(677
)
 
(712
)
 
Sales
 
11,961

 
11,583

 
10,285

 
10,318

 
Cost of goods sold
 
8,760

 
8,674

 
7,872

 
8,240

 
Gross margin
 
3,201

 
2,909

 
2,413

 
2,078

 
Profit (loss) 1
 
$
1,245

 
$
802

 
$
559

 
$
(94
)
4,5 
Profit (loss) per common share
 
$
2.06

 
$
1.33

 
$
0.95

 
$
(0.16
)
 
Profit (loss) per common share–diluted 2
 
$
2.03

 
$
1.31

 
$
0.94

 
$
(0.16
)
3 
 

1 
Profit (loss) attributable to common stockholders.
2 
Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.
3 
The assumed exercise of stock-based compensation awards was not considered because the impact would be antidilutive.
4 
The fourth quarter of 2016 and fourth quarter of 2015 include pre-tax restructuring costs of $395 million and $679 million, respectively. See Note 26 for additional information on these costs.
5 
The fourth quarter of 2016 and fourth quarter of 2015 include pre-tax pension and other postretirement benefit plan actuarial losses of $985 million and $214 million, respectively. See Note 12 for additional information on these costs.
6 
The fourth quarter of 2016 includes a pre-tax goodwill impairment charge of $595 million. See Note 10 for additional information.
7 
The fourth quarter of 2016 includes a deferred tax valuation allowance of $141 million. See Note 5 for additional information.
8 
Reflects the change in accounting principle in Note 1B.