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EQUITY
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
EQUITY
 
Common Stock
 
Capital in  Excess
of Par Value
of Stock
 
Retained
Earnings
 
Treasury Stock
 
Noncontrolling
Interest
Dollars and Shares in Millions
Shares
 
Par Value
 
Shares
 
Cost
 
Balance at January 1, 2015
2,208

 
$
221

 
$
1,507

 
$
32,541

 
547

 
$
(16,992
)
 
$
131

Net earnings

 

 

 
1,056

 

 

 
43

Cash dividends declared

 

 

 
(1,236
)
 

 

 

Employee stock compensation plans

 

 
(144
)
 

 
(6
)
 
341

 

Debt conversion

 

 

 

 

 
2

 

Distributions

 

 

 

 

 

 
(6
)
Balance at June 30, 2015
2,208

 
$
221

 
$
1,363

 
$
32,361

 
541

 
$
(16,649
)
 
$
168

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2016
2,208

 
$
221

 
$
1,459

 
$
31,613

 
539

 
$
(16,559
)
 
$
158

Net earnings

 

 

 
2,361

 

 

 
33

Cash dividends declared

 

 

 
(1,268
)
 

 

 

Stock repurchase program

 

 

 

 
4

 
(231
)
 

Employee stock compensation plans

 

 
135

 

 
(6
)
 
(9
)
 

Distributions

 

 

 

 

 

 
(31
)
Balance at June 30, 2016
2,208

 
$
221

 
$
1,594

 
$
32,706

 
537

 
$
(16,799
)
 
$
160



Treasury stock is recognized at the cost to reacquire the shares. Shares issued from treasury are recognized utilizing the first-in first-out method.

The components of other comprehensive income/(loss) were as follows:
 
2016
 
2015
 
Pretax
 
Tax
 
After tax
 
Pretax
 
Tax
 
After tax
Three Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(59
)
 
$
20

 
$
(39
)
 
$
35

 
$
(19
)
 
$
16

Reclassified to net earnings
(5
)
 

 
(5
)
 
(36
)
 
11

 
(25
)
Derivatives qualifying as cash flow hedges
(64
)
 
20

 
(44
)
 
(1
)
 
(8
)
 
(9
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(233
)
 
83

 
(150
)
 
412

 
(145
)
 
267

Amortization(b)
19

 
(9
)
 
10

 
24

 
(9
)
 
15

Curtailments and settlements(c)
25

 
(9
)
 
16

 
36

 
(12
)
 
24

Pension and postretirement benefits
(189
)
 
65

 
(124
)
 
472

 
(166
)
 
306

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
10

 
(3
)
 
7

 
(32
)
 
9

 
(23
)
Realized losses
34

 

 
34

 
1

 

 
1

Available-for-sale securities(d)
44

 
(3
)
 
41

 
(31
)
 
9

 
(22
)
Foreign currency translation
20

 
(4
)
 
16

 
(26
)
 
(6
)
 
(32
)
 
$
(189
)
 
$
78

 
$
(111
)
 
$
414

 
$
(171
)
 
$
243

 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
 
 
 
 
 
 
 
Derivatives qualifying as cash flow hedges:(a)
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
$
(185
)
 
$
62

 
$
(123
)
 
$
70

 
$
(30
)
 
$
40

Reclassified to net earnings
(9
)
 
2

 
(7
)
 
(63
)
 
20

 
(43
)
Derivatives qualifying as cash flow hedges
(194
)
 
64

 
(130
)
 
7

 
(10
)
 
(3
)
Pension and postretirement benefits:
 
 
 
 
 
 
 
 
 
 
 
Actuarial gains/(losses)
(525
)
 
186

 
(339
)
 
292

 
(103
)
 
189

Amortization(b)
36

 
(12
)
 
24

 
47

 
(15
)
 
32

Curtailments and settlements(c)
47

 
(17
)
 
30

 
63

 
(22
)
 
41

Pension and postretirement benefits
(442
)
 
157

 
(285
)
 
402

 
(140
)
 
262

Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains/(losses)
37

 
(17
)
 
20

 
(7
)
 
1

 
(6
)
Realized losses
34

 

 
34

 

 

 

Available-for-sale securities
71

 
(17
)
 
54

 
(7
)
 
1

 
(6
)
Foreign currency translation
22

 
3

 
25

 
20

 
(21
)
 
(1
)
 
$
(543
)
 
$
207

 
$
(336
)
 
$
422

 
$
(170
)
 
$
252


(a)
Included in cost of products sold.
(b)
Included in cost of products sold, research and development and marketing, selling and administrative expenses.
(c)
Included in other (income)/expense.

The accumulated balances related to each component of other comprehensive loss, net of taxes, were as follows:
Dollars in Millions
June 30,
2016
 
December 31, 2015
Derivatives qualifying as cash flow hedges
$
(96
)
 
$
34

Pension and other postretirement benefits
(2,365
)
 
(2,080
)
Available-for-sale securities
31

 
(23
)
Foreign currency translation
(374
)
 
(399
)
Accumulated other comprehensive loss
$
(2,804
)
 
$
(2,468
)