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New Accounting Standards (Tables)
6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The effect of the retrospective adoption on the condensed consolidated statement of income related to the net periodic pension and other postretirement benefit costs was as follows:
 
Three Months Ended June 30, 2017
($ in millions)
As Previously Reported (1)
 
Reclassifications
 
As Revised
Cost of sales, exclusive of depreciation and amortization

$2,082

 

$1

 

$2,083

Selling, general and administrative
872

 
4

 
876

Research and development, net
113

 
(1
)
 
112

Other charges
12

 
(4
)
 
8

Income from continuing operations before income taxes
659

 

 
659

 
Six Months Ended June 30, 2017
($ in millions)
As Previously Reported (1)
 
Reclassifications
 
As Revised
Cost of sales, exclusive of depreciation and amortization

$3,987

 

($2
)
 

$3,985

Selling, general and administrative
1,754

 
(3
)
 
1,751

Research and development, net
223

 
(2
)
 
221

Other charges
26

 
7

 
33

Income from continuing operations before income taxes
1,105

 

 
1,105

(1) Previously reported amounts reflect the impact of the restatement as described in Note 2, "Restatement of Previously Reported Condensed Consolidated Quarterly Financial Statements" and in the 2017 Form 10-K/A
The following table summarizes the impact of the adoption of this ASU on the condensed consolidated statement of income for the three and six months ended June 30, 2018:
 
Three Months Ended June 30, 2018
($ in millions)
Without adoption
 
Adjustments
 
As Reported
Net sales

$4,134

 

($3
)
 

$4,131

Cost of sales, exclusive of depreciation and amortization
2,360

 
19

 
2,379

Selling, general and administrative
963

 
(18
)
 
945

Other income
(26
)
 
2

 
(24
)
Income from continuing operations before income taxes
479

 

 
479