XML 24 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 11,244 $ 10,636 $ 10,360
Cost of sales 7,865 6,652 6,210
Gross margin 3,379 3,984 4,150
Selling, general and administrative expenses 2,890 2,967 2,953
Research and development expenses 518 590 518
Goodwill impairments 485 425 0
Other operating expense (income), net (206) (12) (28)
Operating income (loss) (308) 14 707
Interest expense, net 238 341 439
Other (income) expense, net (41) (38) 26
Income (loss) from continuing operations before income taxes (505) (289) 242
Income tax (benefit) expense 395 37 61
Income (loss) from continuing operations (900) (326) 181
Income (loss) from discontinued operations, net of tax (57) (312) 2,482
Net income (loss) (957) (638) 2,663
Less: Net income attributable to noncontrolling interests included in continuing operations 0 0 0
Less: Net income attributable to noncontrolling interest included in discontinued operations 0 11 7
Net income (loss) attributable to Baxter stockholders $ (957) $ (649) $ 2,656
Income (loss) from continuing operations per common share      
Basic (in dollars per share) $ (1.75) $ (0.64) $ 0.36
Diluted (in dollars per share) (1.75) (0.64) 0.36
Income (loss) from discontinued operations per common share      
Basic (in dollars per share) (0.12) (0.63) 4.89
Diluted (in dollars per share) (0.12) (0.63) 4.87
Net Income (loss) per common share      
Basic (in dollars per share) (1.87) (1.27) 5.25
Diluted (in dollars per share) $ (1.87) $ (1.27) $ 5.23
Weighted-average number of shares outstanding      
Basic (in shares) 513 510 506
Diluted (in shares) 513 510 508