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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and equivalents $ 2,947 $ 3,394
Accounts and other current receivables, net 1,807 1,793
Inventories 1,581 1,475
Prepaid expenses and other 621 601
Total current assets 6,956 7,263
Property, plant and equipment, net 4,614 4,588
Other assets    
Goodwill 3,107 3,099
Other intangible assets, net 1,507 1,374
Other 706 787
Total other assets 5,320 5,260
Total assets 16,890 17,111
Current liabilities    
Current maturities of long-term debt and lease obligations 3 3
Accounts payable and accrued liabilities 2,533 2,733
Current income taxes payable 106 85
Total current liabilities 2,642 2,821
Long-term debt and lease obligations 3,550 3,509
Other long-term liabilities 1,605 1,665
Equity    
Common stock, $1 par value, authorized 2,000,000,000 shares, issued 683,494,944 shares in 2018 and 2017 683 683
Common stock in treasury, at cost, 146,993,164 shares in 2018 and 142,017,600 shares in 2017 (8,354) (7,981)
Additional contributed capital 5,912 5,940
Retained earnings 14,734 14,483
Accumulated other comprehensive (loss) income (3,876) (4,001)
Total Baxter shareholders’ equity 9,099 9,124
Noncontrolling interests (6) (8)
Total equity 9,093 9,116
Total liabilities and equity $ 16,890 $ 17,111