Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Jun-30-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 | Dec-31-20 |
| | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Net sales | | 14,041.0 | 13,545.0 | 12,784.0 | 12,451.0 | 12,197.0 | 11,817.0 | 11,673.0 |
| Net sales growth | | 15.1% | 14.6% | 9.5% | 8.0% | 6.9% | 2.5% | 2.7% |
| Cost of sales | | 8,595.0 | 8,237.0 | 7,679.0 | 7,561.0 | 7,433.0 | 7,248.0 | 7,086.0 |
| Gross margin | | 5,446.0 | 5,308.0 | 5,105.0 | 4,890.0 | 4,764.0 | 4,569.0 | 4,587.0 |
| Gross margin | | 38.8% | 39.2% | 39.9% | 39.3% | 39.1% | 38.7% | 39.3% |
| Selling, general and administrative expenses | | 3,587.0 | 3,292.0 | 2,867.0 | 2,632.0 | 2,553.0 | 2,468.0 | 2,469.0 |
| Research and development expenses | | 565.0 | 556.0 | 534.0 | 531.0 | 525.0 | 503.0 | 521.0 |
| Other operating income, net | | -29.0 | -23.0 | | -6.0 | -4.0 | | |
| Operating income (loss) | | 1,323.0 | 1,483.0 | 1,710.0 | 1,733.0 | 1,690.0 | 1,597.0 | 1,616.0 |
| Operating margin | | 9.4% | 10.9% | 13.4% | 13.9% | 13.9% | 13.5% | 13.8% |
| Interest expense, net | | -86.0 | -141.0 | -192.0 | -112.0 | -123.0 | -121.0 | -134.0 |
| Other (income) expense, net | | -104.0 | -66.0 | -45.0 | -211.0 | -207.0 | -195.0 | -190.0 |
| Income (loss) from continuing operations before income taxes | | 1,047.0 | 1,220.0 | 1,477.0 | 1,404.0 | 1,368.0 | 1,265.0 | 1,292.0 |
| Income tax expense | | 95.0 | 152.0 | 182.0 | 180.0 | 237.0 | 188.0 | 182.0 |
| Income (loss) from continuing operations | | 952.0 | 1,068.0 | 1,295.0 | 1,224.0 | 1,131.0 | 1,077.0 | 1,110.0 |
| Income from discontinued operations, net of tax | | 70.0 | | | | | | |
| Net income (loss) | | 1,022.0 | 1,068.0 | 1,295.0 | 1,224.0 | 1,131.0 | 1,077.0 | 1,110.0 |
| Net income attributable to noncontrolling interests | | 11.0 | 11.0 | 11.0 | 10.0 | 11.0 | 9.0 | 8.0 |
| Net income (loss) attributable to Baxter stockholders | | 1,011.0 | 1,057.0 | 1,284.0 | 1,214.0 | 1,120.0 | 1,068.0 | 1,102.0 |
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| Income (loss) from continuing operations per common share | | | | | | | | |
| Income from continuing operations per common share, basic (in dollars per share) | | 1,002.0 | 1,505.0 | 1,507.0 | 1,508.0 | 1,519.0 | 1,525.0 | |
| Income from continuing operations per common share, diluted | | 1,014.0 | 1,523.0 | 1,525.0 | 1,526.0 | 1,538.0 | 1,546.0 | |
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| Income from discontinued operations per common share | | | | | | | | |
| Income from discontinued operations per common share, basic | | 0.0 | | | | | | |
| Income from discontinued operations per common share, diluted | | 0.0 | | | | | | |
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| Net income (loss) per common share | | | | | | | | |
| Basic (in dollars per share) | | $2.02 | $2.11 | $2.56 | $2.42 | $2.22 | $2.11 | $2.17 |
| Diluted (in dollars per share) | | $2.00 | $2.09 | $2.53 | $2.38 | $2.18 | $2.07 | $2.13 |
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| Weighted-average number of shares outstanding | | | | | | | | |
| Basic (in shares) | | 502.3 | 502.0 | 502.5 | 504.3 | 507.0 | 508.5 | 509.0 |
| Diluted (in shares) | | 507.8 | 508.0 | 508.5 | 510.8 | 513.8 | 515.8 | 517.0 |
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