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EQUITY
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
The following table summarizes changes in equity for the nine months ended September 30, 2020:
Common StockCapital in Excess of Par Value of StockAccumulated Other Comprehensive LossRetained EarningsTreasury StockNoncontrolling Interest
Dollars and Shares in MillionsSharesPar ValueSharesCost
Balance at December 31, 20192,923 $292 $43,709 $(1,520)$34,474 672 $(25,357)$100 
Net loss— — — — (775)— — 9 
Other Comprehensive Loss— — — (29)— — — — 
Cash dividends declared(a)
— — — — (1,028)— — — 
Share repurchase program— — — — — 1 (81)— 
Stock compensation— — (455)— — (13)681 — 
Distributions— — — — — — — (43)
Balance at March 31, 20202,923 292 43,254 (1,549)32,671 660 (24,757)66 
Net loss— — — — (85)— — 5 
Other Comprehensive Loss— — — (7)— — — — 
Cash dividends declared(a)
— — — — (1,021)— — — 
Stock repurchase program— — 1,400 — — 16 (1,400)— 
Stock compensation— — (210)— — (7)506 — 
Distributions— — — — — — — (5)
Balance at June 30, 20202,923 292 44,444 (1,556)31,565 669 (25,651)66 
Net earnings— — — — 1,872 — — 6 
Other Comprehensive Loss— — — (143)— — — — 
Cash dividends declared(a)
— — — — (1,023)— — — 
Stock repurchase program— — — — — — — — 
Stock compensation— — (9)— — (6)367 — 
Distributions— — — — — — — — 
Balance at September 30, 20202,923 $292 $44,435 $(1,699)$32,414 663 $(25,284)$72 
(a)    Cash dividends declared per common share were $0.45 for the three months ended March 31, 2020, June 30, 2020 and September 30, 2020.
The following table summarizes changes in equity for the nine months ended September 30, 2019:
Common StockCapital in Excess of Par Value of StockAccumulated Other Comprehensive LossRetained EarningsTreasury StockNoncontrolling Interest
Dollars and Shares in MillionsSharesPar ValueSharesCost
Balance at December 31, 20182,208 $221 $2,081 $(2,762)$34,065 576 $(19,574)$96 
Accounting change - cumulative effect(a)
— — — — 5 — — — 
Adjusted balance at January 1, 20192,208 221 2,081 (2,762)34,070 576 (19,574)96 
Net earnings— — — — 1,710 — — 5 
Other Comprehensive Income— — — 118 — — — — 
Cash dividends declared(b)
— — — — (671)— — — 
Stock compensation— — 22 — — (4)3 — 
Distributions— — — — — — — (2)
Balance at March 31, 20192,208 221 2,103 (2,644)35,109 572 (19,571)99 
Net earnings— — — — 1,432 — — 7 
Other Comprehensive Income— — — 23 — — — — 
Cash dividends declared(b)
— — — — (671)— — — 
Stock compensation— — 47 — — — — — 
Distributions— — — — — — — (4)
Balance at June 30, 20192,208 221 2,150 (2,621)35,870 572 (19,571)102 
Net earnings— — — — 1,353 — — 13 
Other Comprehensive Income— — — 1,158 — — — — 
Cash dividends declared(b)
— — — — (668)— — — 
Stock repurchase program— — — — — 7 (300)— 
Stock compensation— — 56 — — — — — 
Distributions— — — — — — — (9)
Balance at September 30, 20192,208 $221 $2,206 $(1,463)$36,555 579 $(19,871)$106 
(a)    Refer to “—Note 1. Accounting Policies and Recently Issued Accounting Standards” in the Company’s 2019 Form 10-K for additional information.
(b)    Cash dividends declared per common share were $0.41 for the three months ended March 31, 2019, June 30, 2019 and September 30, 2019.

BMS has a share repurchase program, authorized by its Board of Directors, allowing for repurchases of its shares. 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 outstanding share repurchase authority authorization under the program was $1.0 billion as of December 31, 2019. In February 2020, the Board of Directors approved an increase of $5.0 billion to the share repurchase authorization for BMS common stock. BMS repurchased 1.4 million shares of its common stock for $81 million during the nine months ended September 30, 2020. The remaining share repurchase capacity under the share repurchase program was approximately $5.9 billion as of September 30, 2020.

In the fourth quarter of 2019, BMS executed accelerated share repurchase (“ASR”) agreements to repurchase an aggregate $7 billion of common stock. The ASR was funded with cash on-hand. In the fourth quarter of 2019, approximately 99 million shares of common stock (80% of the $7 billion aggregate repurchase price) were received by BMS and included in treasury stock. In the second quarter of 2020, the agreement was settled and approximately 16 million shares of common stock were received by BMS and transferred to treasury stock.

The Company repurchased 6.5 million shares of its common stock for $300 million in the third quarter of 2019.
The components of Other Comprehensive (Loss)/Income were as follows:
20202019
Dollars in MillionsPretaxTaxAfter TaxPretaxTaxAfter Tax
Three Months Ended September 30,
Derivatives qualifying as cash flow hedges:
Unrealized gain/(losses)$(128)$10 $(118)$63 $(8)$55 
Reclassified to net earnings(a)
(17)3 (14)(20)3 (17)
Derivatives qualifying as cash flow hedges(145)13 (132)43 (5)38 
Pension and postretirement benefits:
Actuarial losses(16)3 (13)(126)27 (99)
Amortization(b)
9 (2)7 12 (2)10 
Settlements(b)
3 (1)2 1,550 (345)1,205 
Pension and postretirement benefits(4)— (4)1,436 (320)1,116 
Available-for-sale debt securities:
Unrealized gains/(losses)(4)2 (2)6 (2)4 
Foreign currency translation(16)11 (5)10 (10)— 
Other Comprehensive (Loss)/Income$(169)$26 $(143)$1,495 $(337)$1,158 
Nine Months Ended September 30,
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)$(65)$4 $(61)$102 $(12)$90 
Reclassified to net earnings(a)
(69)9 (60)(76)10 (66)
Derivatives qualifying as cash flow hedges(134)13 (121)26 (2)24 
Pension and postretirement benefits:
Actuarial losses(28)6 (22)(140)30 (110)
Amortization(b)
27 (5)22 45 (8)37 
Settlements(b)
7 (2)5 1,643 (366)1,277 
Pension and postretirement benefits6 (1)5 1,548 (344)1,204 
Available-for-sale securities:
Unrealized gains10 (2)8 42 (2)40 
Realized gains/(losses)(1)— (1)3 — 3 
Available-for-sale securities9 (2)7 45 (2)43 
Foreign currency translation(81)11 (70)39 (11)28 
Total Other Comprehensive (Loss)/Income$(200)$21 $(179)$1,658 $(359)$1,299 
(a)Included in Cost of products sold.
(b)Included in Other (income)/expense, net.

The accumulated balances related to each component of Other Comprehensive (Loss)/Income, net of taxes, were as follows:
Dollars in MillionsSeptember 30,
2020		December 31,
2019
Derivatives qualifying as cash flow hedges$(102)$19 
Pension and postretirement benefits(894)(899)
Available-for-sale debt securities13 6 
Foreign currency translation(716)(646)
Accumulated other comprehensive loss$(1,699)$(1,520)