DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

Results of Discontinued Operations and Assets and Liabilities of Discontinued Operations

The following tables summarize the major classes of line items included in income (loss) from discontinued operations, net of tax, for the three months ended March 31, 2025:

	Three Months Ended March 31,
(in millions)	2025
Net sales	$	352
Cost of sales	206
Gross margin	146
Selling, general and administrative expenses	116
Research and development expenses	16
Goodwill impairment	—
Other operating income, net	—
Operating income (loss)	14
Interest expense, net	13
Other (income) expense, net	7
Income (loss) from discontinued operations before gain on disposition and income taxes	(6)
Gain (loss) on disposition	191
Income tax expense (benefit)	123
Income (loss) from discontinued operations, net of tax	62
Less: Net income attributable to noncontrolling interest included in discontinued operations	—
Net income (loss) attributable to Baxter stockholders included in discontinued operations	$	62