FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Financial Instruments [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Financial assets and liabilities measured at fair value on a recurring basis are summarized below:

	December 31, 2014											December 31, 2013
Dollars in Millions	Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3			Total
Cash and cash equivalents - Money market and other securities	$	—	$	5,051		$	—		$	5,051		$	—	$	3,201		$	—		$	3,201
Marketable securities
Certificates of deposit	—		896			—			896			—		122			—			122
Corporate debt securities	—		5,259			—			5,259			—		4,432			—			4,432
Equity funds	—		94			—			94			—		74			—			74
Fixed income funds	—		11			—			11			—		46			—			46
Auction Rate Securities (ARS)	—		—			12			12			—		—			12			12
Derivative assets:
Interest rate swap contracts	—		46			—			46			—		64			—			64
Foreign currency forward contracts	—		118			—			118			—		50			—			50
Equity investments	36		—			—			36			—		—			—			—
Derivative liabilities:
Interest rate swap contracts	—		(3		)	—			(3		)	—		(27		)	—			(27		)
Foreign currency forward contracts	—		—			—			—			—		(35		)	—			(35		)
Written option liabilities	—		—			(198		)	(198		)	—		—			(162		)	(162		)
Contingent consideration liability	—		—			(8		)	(8		)	—		—			(8		)	(8		)

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

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

	2014								2013
Dollars in Millions	ARS		Written option liabilities			Contingent consideration liability			ARS and FRS(a)			Written option liabilities			Contingent consideration liability
Fair value at January 1	$	12	$	(162	)	$	(8	)	$	31		$	(18	)	$	(8	)
Additions from new alliances	—		—			—			—			(144		)	—
Unrealized gains	—		—			—			1			—			—
Sales	—		—			—			(20		)	—			—
Changes in fair value	—		(36		)	—			—			—			—
Fair value at December 31	$	12	$	(198	)	$	(8	)	$	12		$	(162	)	$	(8	)

(a) Floating Rate Securities

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			Fair Value
December 31, 2014
Certificates of deposit	$	896	$	—	$	—		$	896
Corporate debt securities	5,237		30		(8		)	5,259
ARS	9		3		—			12
Equity investments	14		22		—			36
Total	$	6,156	$	55	$	(8	)	$	6,203
December 31, 2013
Certificates of deposit	$	122	$	—	$	—		$	122
Corporate debt securities	4,401		44		(13		)	4,432
ARS	9		3		—			12
Total	$	4,532	$	47	$	(13	)	$	4,566

Schedule of Derivatives and Fair Value [Table Text Block]

The following summarizes the fair value of outstanding derivatives:

		December 31, 2014					December 31, 2013
Dollars in Millions	Balance Sheet Location	Notional		Fair Value			Notional		Fair Value
Derivatives designated as hedging instruments:
Interest rate swap contracts	Other assets	$	847	$	46		$	673	$	64
Interest rate swap contracts	Other liabilities	1,050		(3		)	1,950		(27		)
Foreign currency forward contracts	Prepaid expenses and other	1,323		106			301		44
Foreign currency forward contracts	Other assets	100		12			100		6
Foreign currency forward contracts	Accrued expenses	—		—			704		(31		)
Foreign currency forward contracts	Other liabilities	—		—			263		(4		)

Schedule of Long-term Debt Instruments [Table Text Block]

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

	December 31,
Dollars in Millions	2014			2013
Principal Value:
4.375% Euro Notes due 2016	$	611		$	684
0.875% Notes due 2017	750			750
5.450% Notes due 2018	—			582
1.750% Notes due 2019	500			500
4.625% Euro Notes due 2021	611			684
2.000% Notes due 2022	750			750
7.150% Debentures due 2023	304			304
3.250% Notes due 2023	500			500
6.800% Debentures due 2026	330			330
5.875% Notes due 2036	625			625
6.125% Notes due 2038	480			480
3.250% Notes due 2042	500			500
4.500% Notes due 2044	500			500
6.880% Debentures due 2097	260			260
0% - 5.75% Other - maturing 2016 - 2030	83			144
Subtotal	6,804			7,593
Adjustments to Principal Value:
Fair value of interest rate swap contracts	43			37
Unamortized basis adjustment from swap terminations	454			442
Unamortized bond discounts	(59		)	(64		)
Total	$	7,242		$	8,008
Current portion of long-term debt(a)	$	—		$	27
Long-term debt	7,242			7,981

(a) Included in liabilities related to assets held-for-sale at December 31, 2013.

Schedule of Debt Repurchases [Table Text Block]

There were no debt redemptions in 2013. Debt redemption activity for 2014 and 2012, including repayment of the Amylin debt obligations, was as follows:

Dollars in Millions	2014			2012
Principal amount	$	582		$	2,052
Carrying value	633			2,081
Redemption price	676			2,108
Notional amount of interest rate swap contracts terminated	500			6
Swap termination proceeds/(payments)	(4		)	2
Total loss	45			27