SHAREOWNERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2020

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Stockholders Equity [Table Text Block]

Three Months Ended March 31:	2020			2019
	Shares	Dollars		Shares	Dollars
Class A Common Stock
Balance at beginning of period	156	$	2	163	$	2
Common stock purchases	—	—		(1)	—
Stock award plans	4	—		3	—
Common stock issuances	2	—		2	—
Conversions of class A to class B common stock	(4)	—		(3)	—
Class A shares issued at end of period	158	$	2	164	$	2
Class B Common Stock
Balance at beginning of period	701	$	7	696	$	7
Common stock purchases	(2)	—		(2)	—
Conversions of class A to class B common stock	4	—		3	—
Class B shares issued at end of period	703	7		697	7
Additional Paid-In Capital
Balance at beginning of period		$	150		$	—
Common stock purchases		(217)			(251)
Stock award plans		(67)			169
Common stock issuances		163			114
Option premiums paid		—			(5)
Balance at end of period		$	29		$	27
Retained Earnings
Balance at beginning of period		$	9,105		8,006
Net income attributable to common shareowners		965			1,111
Dividends ($1.01 and $0.96 per share) (1)		(933)			(867)
Other		—			(1)
Balance at end of period		$	9,137		$	8,249
Non-Controlling Minority Interest
Balance at beginning of period		$	16		$	16
Change in non-controlling minority interest		(2)			2
Balance at end of period		$	14		$	18
(1) The dividend per share amount is the same for both class A and class B common stock. Dividends include $93 and $68 million as of March 31, 2020 and March 31, 2019 respectively, that were settled in shares of class A common stock.

Schedule of Deferred Compensation and Treasury Stock Activity [Table Text Block]

Activity in the deferred compensation program for the three months ended March 31, 2020 and 2019 is as follows (in millions):

Three Months Ended March 31:	2020			2019
	Shares	Dollars		Shares	Dollars
Deferred Compensation Obligations:
Balance at beginning of period		$	26		$	32
Reinvested dividends		—			1
Benefit payments		(7)			(8)
Balance at end of period		$	19		$	25
Treasury Stock:
Balance at beginning of period	—	$	(26)	(1)	$	(32)
Reinvested dividends	—	—		—	(1)
Benefit payments	—	7		—	8
Balance at end of period	—	(19)		(1)	(25)

Schedule of Accumulated Other Comprehensive Income (Loss)

The activity in AOCI for the three months ended March 31, 2020 and 2019 is as follows (in millions):

Three Months Ended March 31:	2020		2019
Foreign currency translation gain (loss), net of tax:
Balance at beginning of period	$	(1,078)	$	(1,126)
Translation adjustment (net of tax effect of $13 and $9)	(141)		53
Balance at end of period	(1,219)		(1,073)
Unrealized gain (loss) on marketable securities, net of tax:
Balance at beginning of period	4		(2)
Current period changes in fair value (net of tax effect of $0 and $0)	2		4
Balance at end of period	6		2
Unrealized gain (loss) on cash flow hedges, net of tax:
Balance at beginning of period	112		40
Current period changes in fair value (net of tax effect of $83 and $28)	263		89
Reclassification to earnings (net of tax effect of $(15) and $(4))	(46)		(13)
Balance at end of period	329		116
Unrecognized pension and postretirement benefit costs, net of tax:
Balance at beginning of period	(5,035)		(3,906)
Reclassification to earnings (net of tax effect of $14 and $13)	43		43
Balance at end of period	(4,992)		(3,863)
Accumulated other comprehensive income (loss) at end of period	$	(5,876)	$	(4,818)

Schedule of Reclassifications from Accumulated Other Comprehensive Income (Loss) to Earnings [Table Text Block]

Detail of the gains (losses) reclassified from AOCI to the statements of consolidated income for the three months ended March 31, 2020 and 2019 is as follows (in millions):

Three Months Ended March 31:
	Amount Reclassified from AOCI				Affected Line Item in the Income Statement
	2020		2019
Unrealized gain (loss) on cash flow hedges:
Interest rate contracts	(3)		(6)		Interest expense
Foreign exchange contracts	64		23		Revenue
Income tax (expense) benefit	(15)		(4)		Income tax expense
Impact on net income	46		13		Net income
Unrecognized pension and postretirement benefit costs:
Prior service costs	(57)		(56)		Investment income and other
Income tax (expense) benefit	14		13		Income tax expense
Impact on net income	(43)		(43)		Net income
Total amount reclassified for the period	$	3	$	(30)	Net income