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EQUITY
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
EQUITY EQUITY
The following table summarizes changes in equity during the three months ended March 31, 2025:
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, 20242,923 $292 $46,024 $(1,238)$14,912 894 $(43,655)$53 
Net earnings/(loss)— — — — 2,456 — — 6 
Other comprehensive income/(loss)
— — — (185)— — — — 
Cash dividends declared $0.62 per share
— — — — (1,262)— — — 
Stock compensation— — (13)— — (6)59 — 
Balance at March 31, 20252,923 $292 $46,011 $(1,424)$16,106 888 $(43,597)$59 

The following table summarizes changes in equity during the three months ended March 31, 2024:
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, 20232,923 $292 $45,684 $(1,546)$28,766 902 $(43,766)$55 
Net earnings/(loss)— — — — (11,911)— — 3 
Other comprehensive income/(loss)
— — — 146 — — — — 
Cash dividends declared $0.60 per share
— — — — (1,215)— — — 
Stock compensation— — (29)— — (6)69 — 
Balance at March 31, 20242,923 $292 $45,655 $(1,400)$15,640 896 $(43,697)$58 

The components of Other comprehensive income/(loss) were as follows:
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Dollars in millionsPretaxTaxAfter TaxPretaxTaxAfter Tax
Derivatives qualifying as cash flow hedges:
Recognized in other comprehensive income/(loss)
$(191)$37 $(154)$254 $(47)$207 
Reclassified to net earnings(a)
(77)16 (61)(15)(1)(16)
Derivatives qualifying as cash flow hedges(268)53 (215)239 (48)191 
Pension and postretirement benefits
Actuarial gains/(losses)— — — (6)1 (5)
Amortization(b)
2 (1)1 2 — 2 
Settlements(b)
— — — 19 (3)16 
Pension and postretirement benefits2 (1)1 15 (2)13 
Marketable debt securities
Unrealized gains/(losses)1 — 1 (2)— (2)
Foreign currency translation9 19 28 (44)(12)(56)
Other comprehensive income/(loss)$(256)$71 $(185)$208 $(62)$146 
(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:
Dollars in millionsMarch 31,
2025		December 31,
2024
Derivatives qualifying as cash flow hedges$161 $376 
Pension and postretirement benefits(647)(648)
Marketable debt securities2 2 
Foreign currency translation(a)
(940)(968)
Accumulated other comprehensive loss$(1,424)$(1,238)
(a)Includes net investment hedge gains of $148 million and $210 million as of March 31, 2025 and December 31, 2024, respectively.