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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information

Financial information for the company’s segments is as follows.

 

 

 

Three months ended

 

 

 

March 31,

 

(in millions)

 

2018

 

 

2017

 

Net sales

 

 

 

 

 

 

 

 

Americas

 

$

1,442

 

 

$

1,373

 

EMEA

 

 

724

 

 

 

631

 

APAC

 

 

511

 

 

 

471

 

Total net sales

 

$

2,677

 

 

$

2,475

 

Operating Income

 

 

 

 

 

 

 

 

Americas

 

$

566

 

 

$

533

 

EMEA

 

 

151

 

 

 

127

 

APAC

 

 

117

 

 

 

116

 

Total segment operating income

 

$

834

 

 

$

776

 

 

Operating Income to Income from Continuing Operations Reconciliation

The following is a reconciliation of segment operating income to income from continuing operations before income taxes per the condensed consolidated statements of income.

 

 

 

Three months ended

 

 

 

March 31,

 

(in millions)

 

2018

 

 

2017

 

Total segment operating income

 

$

834

 

 

$

776

 

Corporate and other

 

 

(402

)

 

 

(423

)

Total operating income

 

 

432

 

 

 

353

 

Net interest expense

 

 

12

 

 

 

14

 

Other (income) expense, net

 

 

(18

)

 

 

11

 

Income from continuing operations before income taxes

 

$

438

 

 

$

328

 

 

Net Sales by GBU

The following table represents net sales by GBU.

 

 

 

Three months ended

 

 

 

March 31,

 

(in millions)

 

2018

 

 

2017

 

Renal Care 1

 

$

868

 

 

$

789

 

Medication Delivery 2

 

 

676

 

 

 

664

 

Pharmaceuticals 3

 

 

496

 

 

 

427

 

Nutrition 4

 

 

223

 

 

 

212

 

Advanced Surgery 5

 

 

182

 

 

 

168

 

Acute Therapies 6

 

 

129

 

 

 

106

 

Other 7

 

 

103

 

 

 

109

 

Total Baxter

 

$

2,677

 

 

$

2,475

 

 

1

Renal Care includes sales of the company’s peritoneal dialysis (PD) and hemodialysis (HD) and additional dialysis therapies and services.

2

Medication Delivery includes sales of the company’s IV therapies, infusion pumps, administration sets and drug reconstitution devices.

3

Pharmaceuticals includes sales of the company’s premixed and oncology drug platforms, inhaled anesthesia and critical care products and pharmacy compounding services.

4

Nutrition includes sales of the company’s parenteral nutrition (PN) therapies.

5

Advanced Surgery includes sales of the company’s biological products and medical devices used in surgical procedures for hemostasis, tissue sealing and adhesion prevention.

6

Acute Therapies includes sales of the company’s continuous renal replacement therapies (CRRT) and other organ support therapies focused in the ICU.

7

Other includes sales primarily from the company’s pharmaceutical partnering business.