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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 11,673 $ 11,362 $ 11,099
Cost of sales 7,086 6,601 6,340
Gross margin 4,587 4,761 4,759
Selling, general and administrative expenses 2,469 2,535 2,620
Research and development expenses 521 595 654
Other operating income, net (19) (141) (99)
Operating income 1,616 1,772 1,584
Interest expense, net 134 71 45
Other (income) expense, net 190 731 (78)
Income from continuing operations before income taxes 1,292 970 1,617
Income tax expense (benefit) (182) 41 (65)
Income from continuing operations 1,110 1,011 1,552
Loss from discontinued operations, net of tax 0 0 (6)
Net income 1,110 1,011 1,546
Less: Net income attributable to noncontrolling interests 8 10 0
Net income attributable to Baxter stockholders $ 1,102 $ 1,001 $ 1,546
Earnings per share from continuing operations      
Basic (in dollars per share) $ 2.17 $ 1.97 $ 2.91
Diluted (in dollars per share) 2.13 1.93 2.84
Loss per share from discontinued operations      
Basic (in dollars per share) 0 0 (0.01)
Diluted (in dollars per share) 0 0 (0.01)
Earnings per share      
Basic (in dollars per share) 2.17 1.97 2.90
Diluted (in dollars per share) $ 2.13 $ 1.93 $ 2.83
Weighted-average number of shares outstanding      
Basic (in shares) 509 509 534
Diluted (in shares) 517 519 546