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FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities [Table Text Block]

The following table summarizes available-for-sale securities:



Dollars in Millions	Amortized Cost		Gross Unrealized Gain in Accumulated OCI		Gross Unrealized Loss in Accumulated OCI			Gain/(Loss) in Income			Fair Value		Fair Value
Dollars in Millions	Amortized Cost		Gross Unrealized Gain in Accumulated OCI		Gross Unrealized Loss in Accumulated OCI			Gain/(Loss) in Income			Fair Value		Level 1		Level 2		Level 3
June 30, 2013
Certificates of deposit	$	123	$	—	$	—		$	—		$	123	$	—	$	123	$	—
Corporate debt securities	3,919		35		(16		)	—			3,938		—		3,938		—
Equity funds	52		—		—			11			63		—		63		—
Fixed income funds	47		—		—			(1		)	46		—		46		—
ARS and FRS	29		3		(1		)	—			31		—		—		31
Total Marketable Securities	$	4,170	$	38	$	(17	)	$	10		$	4,201	$	—	$	4,170	$	31

December 31, 2012
Certificates of deposit	$	34	$	—	$	—		$	—		$	34	$	—	$	34	$	—
Corporate debt securities	4,305		72		—			—			4,377		—		4,377		—
U.S. Treasury securities	150		—		—			—			150		150		—		—
Equity funds	52		—		—			5			57		—		57		—
Fixed income funds	47		—		—			—			47		—		47		—
ARS and FRS	29		3		(1		)	—			31		—		—		31
Total Marketable Securities	$	4,617	$	75	$	(1	)	$	5		$	4,696	$	150	$	4,515	$	31

Marketable Securities [Text Block]

The following table summarizes the classification of available for sale securities in the consolidated balance sheet:



Dollars in Millions	June 30, 2013		December 31, 2012
Current Marketable Securities	$	978	$	1,173
Non-current Marketable Securities	3,223		3,523
Total Marketable Securities	$	4,201	$	4,696

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table summarizes the activity for financial assets utilizing Level 3 fair value measurements:



Dollars in Millions	2013		2012
Fair value at January 1	$	31	$	110
Sales	—		(81		)
Fair value at June 30	$	31	$	29

Schedule of Derivatives and Fair Value [Text Block]

The following table summarizes the fair value of outstanding derivatives:



		June 30, 2013					December 31, 2012
Dollars in Millions	Balance Sheet Location	Notional		Fair Value (Level 2)			Notional		Fair Value (Level 2)
Derivatives designated as hedging instruments:
Interest rate swap contracts	Other assets	$	573	$	89		$	573	$	146
Interest rate swap contracts	Accrued expenses	1,150		(18		)	—		—
Foreign currency forward contracts	Other assets	757		79			735		59
Foreign currency forward contracts	Accrued expenses	560		(10		)	916		(30		)
Forward starting interest rate swap contracts	Other assets	255		21			—		—

Schedule of Fair Value and Other Adjustments to Long Term Debt [Text Block]

Long-term debt and the current portion of long-term debt includes:



Dollars in Millions	June 30, 2013			December 31, 2012
Principal Value	$	6,635		$	6,631
Adjustments to Principal Value:
Fair value of interest rate swap contracts	71			146
Unamortized basis adjustment from interest rate swap contract terminations	470			509
Unamortized bond discounts	(54		)	(54		)
Total	$	7,122		$	7,232

Current portion of long-term debt	$	680		$	664
Long-term debt	6,442			6,568

Schedule of Debt Repurchases [Text Block]

Debt repurchase activity for 2012 was as follows:



	Six Months Ended
Dollars in Millions	June 30, 2012
Principal amount	$	80
Carrying value	90
Repurchase price	109
Notional amount of interest rate swaps terminated	6
Swap termination proceeds	2
Total loss	19

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-1

-Paragraph 21

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 19, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name FASB Staff Position (FSP)

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-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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