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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]                      
Net sales $ 2,753,000,000 $ 2,699,000,000 $ 2,694,000,000 $ 2,490,000,000 $ 2,729,000,000 $ 2,599,000,000 $ 2,591,000,000 $ 2,441,000,000 $ 10,636,000,000 $ 10,360,000,000 $ 10,057,000,000
Cost of sales                 6,652,000,000 6,210,000,000 6,508,000,000
Gross margin 959,000,000 1,033,000,000 1,031,000,000 961,000,000 1,100,000,000 1,056,000,000 1,030,000,000 964,000,000 3,984,000,000 4,150,000,000 3,549,000,000
Selling, general and administrative expenses                 2,967,000,000 2,953,000,000 3,097,000,000
Research and development expenses                 590,000,000 518,000,000 450,000,000
Goodwill impairments                 425,000,000 0 2,812,000,000
Other operating expense (income), net                 (12,000,000) (28,000,000) 35,000,000
Operating income (loss)                 14,000,000 707,000,000 (2,845,000,000)
Interest expense, net                 341,000,000 439,000,000 394,000,000
Other (income) expense, net                 (38,000,000) 26,000,000 9,000,000
Income (loss) from continuing operations before income taxes                 (289,000,000) 242,000,000 (3,248,000,000)
Income tax (benefit) expense                 37,000,000 61,000,000 (135,000,000)
Income (loss) from continuing operations (488,000,000) 61,000,000 95,000,000 6,000,000 219,000,000 37,000,000 (27,000,000) (48,000,000) (326,000,000) 181,000,000 (3,113,000,000)
Income (loss) from discontinued operations, net of tax (22,000,000) 83,000,000 (406,000,000) 33,000,000 27,000,000 2,474,000,000 (112,000,000) 93,000,000 (312,000,000) 2,482,000,000 692,000,000
Net income (loss) (510,000,000) 144,000,000 (311,000,000) 39,000,000 246,000,000 2,511,000,000 (139,000,000) 45,000,000 (638,000,000) 2,663,000,000 (2,421,000,000)
Less: Net income attributable to noncontrolling interests included in discontinued operations                 11,000,000 7,000,000 12,000,000
Net income (loss) attributable to Baxter stockholders $ (512,000,000) $ 140,000,000 $ (314,000,000) $ 37,000,000 $ 245,000,000 $ 2,508,000,000 $ (141,000,000) $ 44,000,000 $ (649,000,000) $ 2,656,000,000 $ (2,433,000,000)
Income (loss) from continuing operations per common share                      
Basic (in dollars per share) $ (0.95) $ 0.12 $ 0.19 $ 0.01 $ 0.43 $ 0.07 $ (0.05) $ (0.10) $ (0.64) $ 0.36 $ (6.18)
Diluted (in dollars per share) (0.95) 0.12 0.19 0.01 0.43 0.07 (0.05) (0.10) (0.64) 0.36 (6.18)
Income (loss) from discontinued operations per common share                      
Basic (in dollars per share) (0.05) 0.15 (0.81) 0.06 0.05 4.88 (0.23) 0.19 (0.63) 4.89 1.35
Diluted (in dollars per share) (0.05) 0.15 (0.81) 0.06 0.05 4.86 (0.23) 0.19 (0.63) 4.87 1.35
Net Income (loss) per common share                      
Basic (in dollars per share) (1.00) 0.27 (0.62) 0.07 0.48 4.95 (0.28) 0.09 (1.27) 5.25 (4.83)
Diluted (in dollars per share) $ (1.00) $ 0.27 $ (0.62) $ 0.07 $ 0.48 $ 4.93 $ (0.28) $ 0.09 $ (1.27) $ 5.23 $ (4.83)
Weighted-average number of shares outstanding                      
Basic (in shares)                 510 506 504
Diluted (in shares)                 510 508 504