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EQUITY
 3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block] EQUITY
The following table summarizes changes in equity for the three months ended March 31, 2021:
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, 20202,923 $292 $44,325 $(1,839)$21,281 679 $(26,237)$60 
Net earnings— — — — 2,021 — — 8 
Other Comprehensive Income— — — 295 — — — — 
Cash dividends declared(a)
— — — — (1,098)— — — 
Share repurchase program— — — — — 28 (1,768)— 
Stock compensation— — (473)— — (15)806 — 
Balance at March 31, 20212,923 $292 $43,852 $(1,544)$22,204 692 $(27,199)$68 
(a)    Cash dividends declared per common share were $0.49 for the three months ended March 31, 2021.

The following table summarizes changes in equity for the three months ended March 31, 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 
(a)    Cash dividends declared per common share were $0.45 for the three months ended March 31, 2020.
BMS has a share repurchase program, authorized by its Board of Directors, allowing for repurchases of its shares. The share repurchase program does not obligate us to repurchase any specific number of shares, does not have a specific expiration date and may be suspended or discontinued at any time. 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 $4.4 billion as of December 31, 2020. In January 2021, the Board of Directors approved an increase of $2.0 billion to the share repurchase authorization for BMS’s common stock. BMS repurchased approximately 28 million shares of its common stock for $1.8 billion during the three months ended March 31, 2021. The remaining share repurchase capacity under the share repurchase program was approximately $4.6 billion as of March 31, 2021.

BMS repurchased 1.4 million shares of its common stock for $81 million in the three months ended March 31, 2020.

The components of Other Comprehensive Income/(Loss) were as follows:
20212020
Dollars in MillionsPretaxTaxAfter TaxPretaxTaxAfter Tax
Three Months Ended March 31,
Derivatives qualifying as cash flow hedges:
Unrealized gain/(losses)$259 $(11)$248 $97 $(10)$87 
Reclassified to net earnings(a)
36 (4)32 (20)3 (17)
Derivatives qualifying as cash flow hedges295 (15)280 77 (7)70 
Pension and postretirement benefits:
Actuarial losses21 (5)16 8 (2)6 
Amortization(b)
9 (3)6 9 (1)8 
Settlements(b)
1 — 1 2 — 2 
Pension and postretirement benefits31 (8)23 19 (3)16 
Available-for-sale debt securities:
Unrealized gains/(losses)(3)1 (2)2 (1)1 
Foreign currency translation9 (15)(6)(110)(6)(116)
Other Comprehensive Income/(Loss)$332 $(37)$295 $(12)$(17)$(29)
(a)Included in Cost of products sold.
(b)Included in Other (income)/expense, net.

The accumulated balances related to each component of Other Comprehensive Income/(Loss), net of taxes, were as follows:
Dollars in MillionsMarch 31,
2021		December 31,
2020
Derivatives qualifying as cash flow hedges$43 $(237)
Pension and postretirement benefits(951)(974)
Available-for-sale debt securities9 11 
Foreign currency translation(645)(639)
Accumulated other comprehensive loss$(1,544)$(1,839)