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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Net sales | 12,784.0 | 11,673.0 | 11,362.0 | 11,099.0 | 10,584.0 | 10,163.0 | 9,968.0 | 10,719.0 |
Net sales growth | 9.5% | 2.7% | 2.4% | 4.9% | 4.1% | 2.0% | -7.0% | 13.9% |
Cost of sales | 7,679.0 | 7,086.0 | 6,601.0 | 6,340.0 | 6,110.0 | 6,047.0 | 5,822.0 | 6,138.0 |
Gross margin | 5,105.0 | 4,587.0 | 4,761.0 | 4,759.0 | 4,474.0 | 4,116.0 | 4,146.0 | 4,581.0 |
Gross margin | 39.9% | 39.3% | 41.9% | 42.9% | 42.3% | 40.5% | 41.6% | 42.7% |
Selling, general and administrative expenses | 2,867.0 | 2,469.0 | 2,535.0 | 2,620.0 | 2,627.0 | 2,725.0 | 3,094.0 | 3,315.0 |
Research and development expenses | 534.0 | 521.0 | 595.0 | 654.0 | 615.0 | 646.0 | 603.0 | 610.0 |
Other operating income, net | -6.0 | -19.0 | -141.0 | -99.0 | 56.0 | | | 1,393.0 |
Operating income (loss) | 1,710.0 | 1,616.0 | 1,772.0 | 1,584.0 | 1,288.0 | 745.0 | 449.0 | 656.0 |
Operating margin | 13.4% | 13.8% | 15.6% | 14.3% | 12.2% | 7.3% | 4.5% | 6.1% |
Interest expense, net | -192.0 | -134.0 | -71.0 | 45.0 | 55.0 | -66.0 | -126.0 | -145.0 |
Other (income) expense, net | -41.0 | -190.0 | -731.0 | -78.0 | 133.0 | -4,275.0 | 105.0 | 70.0 |
Income (loss) from continuing operations before income taxes | 1,477.0 | 1,292.0 | 970.0 | 1,617.0 | 1,100.0 | 4,954.0 | 428.0 | 490.0 |
Income tax expense | 182.0 | 182.0 | -41.0 | 65.0 | 491.0 | -12.0 | 35.0 | 33.0 |
Income (loss) from continuing operations | 1,295.0 | 1,110.0 | 1,011.0 | 1,552.0 | 609.0 | | | |
Income from discontinued operations, net of tax | | | | -6.0 | -7.0 | -1.0 | 575.0 | 2,040.0 |
Net income (loss) | 1,295.0 | 1,110.0 | 1,011.0 | 3,098.0 | 1,211.0 | | | |
Net income attributable to noncontrolling interests | 11.0 | 8.0 | 10.0 | | | | | |
Net income (loss) attributable to Baxter stockholders | 1,284.0 | 1,102.0 | 1,001.0 | 1,546.0 | 602.0 | 4,965.0 | 968.0 | 2,497.0 |
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Income (loss) from continuing operations per common share | | | | | | | | |
Income from continuing operations per common share, basic (in dollars per share) | 502.0 | 509.0 | 509.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Income from continuing operations per common share, diluted | 508.0 | 517.0 | 519.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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Income from discontinued operations per common share | | | | | | | | |
Income from discontinued operations per common share, basic | | | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Income from discontinued operations per common share, diluted | | | | 0.0 | 0.0 | | 0.0 | 0.0 |
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Net income (loss) per common share | | | | | | | | |
Basic (in dollars per share) | $2.56 | $2.17 | $1.97 | $2.90 | $1.11 | $9.09 | $1.78 | $4.61 |
Diluted (in dollars per share) | $2.53 | $2.13 | $1.93 | $2.83 | $1.08 | $9.01 | $1.76 | $4.56 |
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Weighted-average number of shares outstanding | | | | | | | | |
Basic (in shares) | 502.0 | 509.0 | 509.0 | 534.0 | 543.0 | 546.0 | 545.0 | 542.0 |
Diluted (in shares) | 508.0 | 517.0 | 519.0 | 546.0 | 555.0 | 551.0 | 549.0 | 547.0 |
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