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EQUITY
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Equity EQUITY
 Common StockCapital in Excess
of Par Value
of Stock		Accumulated Other Comprehensive LossRetained
Earnings		Treasury StockNoncontrolling
Interest
Dollars and Shares in MillionsSharesPar ValueSharesCost
Balance at January 1, 20202,923 $292 $43,709 $(1,520)$34,474 672 $(25,357)$100 
Net loss— — — — (9,015)— — 20 
Other Comprehensive Income/(Loss)— — — (319)— — — — 
Cash dividends declared(a)
— — — — (4,178)— — — 
Share repurchase program— — 1,400 — — 43 (2,993)— 
Stock compensation— — (784)— — (36)2,113 — 
Distributions— — — — — — — (60)
Balance at December 31, 20202,923 292 44,325 (1,839)21,281 679 (26,237)60 
Net earnings— — — — 6,994 — — 20 
Other Comprehensive Income/(Loss)— — — 571 — — — — 
Cash dividends declared(a)
— — — — (4,455)— — — 
Share repurchase program— — — — — 102 (6,240)— 
Stock compensation— — 36 — — (34)1,218 — 
Distributions— — — — — — — (20)
Balance at December 31, 20212,923 292 44,361 (1,268)23,820 747 (31,259)60 
Net earnings— — — — 6,327 — — 18 
Other Comprehensive Income/(Loss)— — — (13)— — — — 
Cash dividends declared(a)
— — — — (4,644)— — — 
Share repurchase program— — — — — 109 (8,001)— 
Stock compensation— — 804 — — (31)642 — 
Distributions— — — — — — — (21)
Balance at December 31, 20222,923 $292 $45,165 $(1,281)$25,503 825 $(38,618)$57 
    
(a)    Cash dividends declared per common share were $2.19 in 2022, $2.01 in 2021 and $1.84 in 2020.

BMS has a share repurchase program, authorized by its Board of Directors, allowing for repurchases of its shares, effected in the open market or through privately negotiated transactions in compliance with Rule 10b-18 under the Exchange Act, including through Rule 10b5-1 trading plans. 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 authorization under the program was $15.2 billion as of December 31, 2021.

In 2022, BMS entered into accelerated share repurchase ("ASR") agreements to repurchase an aggregate amount of $5.0 billion of the Company's common stock. The ASR agreements were funded with cash on-hand. The Company received approximately 69 million shares of common stock during the year which were included in treasury stock. The total number of shares repurchased under the ASR agreements was based on volume-weighted average prices of BMS's common stock during the terms of the ASR transactions less a discount and subject to adjustments pursuant to the terms and conditions of the ASR agreements. In addition, as part of its share repurchase program, BMS repurchased approximately 40 million shares of its common stock for $3.0 billion during the year ended December 31, 2022.

The remaining share repurchase capacity under the share repurchase program was $7.2 billion as of December 31, 2022.
The components of Other Comprehensive Income/(Loss) were as follows:
 Year Ended December 31,
202220212020
Dollars in MillionsPretaxTaxAfter TaxPretaxTaxAfter TaxPretaxTaxAfter Tax
Derivatives qualifying as cash flow hedges:
Unrealized gains/(losses)$585 $(79)$506 $364 $(34)$330 $(216)$7 $(209)
Reclassified to net earnings(a)
(524)72 (452)95 (10)85 (54)7 (47)
Derivatives qualifying as cash flow hedges61 (7)54 459 (44)415 (270)14 (256)
Pension and postretirement benefits:
Actuarial gains/(losses)146 (25)121 220 (40)180 (134)25 (109)
Amortization(b)
21 (6)15 41 (10)31 33 (6)27 
Settlements(b)
11 (2)9 (6)1 (5)10 (3)7 
Pension and postretirement benefits178 (33)145 255 (49)206 (91)16 (75)
Marketable debt securities:
Unrealized (losses)gains(2)— (2)(11)2 (9)7 (1)6 
Realized (gains)/losses(b)
— — — — — — (1)— (1)
Marketable debt securities(2)— (2)(11)2 (9)6 (1)5 
Foreign currency translation(183)(27)(210)(14)(27)(41)(19)26 7 
Other Comprehensive Income/(Loss)$54 $(67)$(13)$689 $(118)$571 $(374)$55 $(319)
(a)    Included in Cost of products sold and Other (income)/expense, net. Refer to “—Note 9.Financial Instruments and Fair Value Measurements“ for further information.
(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:
 December 31,
Dollars in Millions20222021
Derivatives qualifying as cash flow hedges$232 $178 
Pension and postretirement benefits(623)(768)
Marketable debt securities— 2 
Foreign currency translation(a)
(890)(680)
Accumulated other comprehensive loss $(1,281)$(1,268)
(a)    Included in foreign currency are net investment hedges gains of $125 million and $30 million as of December 31, 2022 and December 31, 2021.