XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.8.0.1

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Summary of Gains and Losses on Derivative Instruments | The following table summarizes the gains and losses on the company’s derivative instruments for the years ended December 31, 2017, 2016, and 2015.
|  | Gain (loss) recognized in OCI |  |  | Location of gain (loss) in |  | Gain (loss) reclassified from AOCI into income |
(in millions) |  | 2017 |  |  | 2016 |  |  | 2015 |  |  | income statement |  | 2017 |  |  | 2016 |  |  | 2015 |
Cash flow hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | $ | (3 | ) |  | $ | — |  |  | $ | — |  |  | Other income, net |  | $ | — |  |  | $ | 9 |  |  | $ | — |
Foreign exchange contracts |  |  | — |  |  | — |  |  |  | (1 | ) |  | Net sales |  |  | — |  |  |  | — |  |  |  | — |
Foreign exchange contracts |  |  | (24 | ) |  |  | 1 |  |  |  | 4 |  |  | Cost of sales |  |  | (8 | ) |  |  | (3 | ) |  |  | 47 |
Net investment hedge |  |  | (79 | ) |  |  | — |  |  |  | — |  |  | Other income, net |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | (106 | ) |  | $ | 1 |  |  | $ | 3 |  |  |  |  | $ | (8 | ) |  | $ | 6 |  |  | $ | 47 |
|  | Location of gain (loss) in income statement |  | Gain (loss) recognized in income |
(in millions) |  |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Fair value hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Net interest expense |  | $ | (3 | ) |  | $ | 9 |  |  | $ | (43 | )
Undesignated derivative instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Other income, net |  | $ | (20 | ) |  | $ | 4 |  |  | $ | (13 | )
Net of Tax Activity in Accumulated Other Comprehensive Income Related to Cash Flow Hedges | The following table summarizes net-of-tax activity in AOCI, a component of shareholders’ equity, related to the company’s cash flow hedges.
as of and for the years ended December 31 (in millions) |  | 2017 |  |  | 2016 |  |  | 2015 |
Accumulated other comprehensive income (loss) balance at beginning of year |  | $ | 3 |  |  | $ | 7 |  |  | $ | 34 |
(Loss) gain in fair value of derivatives during the year |  |  | (18 | ) |  |  | 1 |  |  |  | 4 |
Amount reclassified to earnings during the year |  |  | 5 |  |  |  | (5 | ) |  |  | (31 | )
Accumulated other comprehensive income balance at end of year |  |  | (10 | ) |  | $ | 3 |  |  | $ | 7 |
Classification and Fair Value Amounts of Derivative Instruments | The following table summarizes the classification and fair value amounts of derivative instruments reported in the consolidated balance sheet as of December 31, 2017.
|  | Derivatives in asset positions |  |  | Derivatives in liability positions |
(in millions) |  | Balance sheet location |  | Fair value |  |  | Balance sheet location |  | Fair value |
Derivative instruments designated as hedges |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Other long-term assets |  |  | 4 |  |  | Other long-term liabilities |  |  | — |
Foreign exchange contracts |  | Prepaid expenses and other |  |  | 14 |  |  | Accounts payable and accrued liabilities |  |  | 3 |
Total derivative instruments designated as hedges |  |  |  | $ | 18 |  |  |  |  | $ | 3 |
Undesignated derivative instruments |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid expenses and other |  | $ | 1 |  |  | Accounts payable and accrued liabilities |  | $ | 1 |
Total derivative instruments |  |  |  | $ | 19 |  |  |  |  | $ | 4 |
The following table summarizes the classification and fair value amounts of derivative instruments reported in the consolidated balance sheet as of December 31, 2016.
| Derivatives in asset positions |  |  | Derivatives in liability positions |
(in millions) | Balance sheet location |  | Fair value |  |  | Balance sheet location |  | Fair value |
Derivative instruments designated as hedges |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | Other long-term assets |  | $ | 7 |  |  | Other long-term liabilities |  | $ | — |
Foreign exchange contracts | Prepaid expenses and other |  |  | 22 |  |  | Accounts payable and accrued liabilities |  |  | 1 |
Total derivative instruments designated as hedges |  |  | $ | 29 |  |  |  |  | $ | 1 |
Undesignated derivative instruments |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts | Prepaid expenses and other |  | $ | 1 |  |  | Accounts payable and accrued liabilities |  | $ | 2 |
Total derivative instruments |  |  | $ | 30 |  |  |  |  | $ | 3 |
Derivative Positions Presented on Net Basis | The following table provides information on the company’s derivative positions as if they were presented on a net basis, allowing for the right of offset by counterparty.
|  | December 31, 2017 |  |  | December 31, 2016 |
(in millions) |  | Asset |  |  | Liability |  |  | Asset |  |  | Liability |
Gross amounts recognized in the consolidated balance sheet |  | $ | 19 |  |  | $ | 4 |  |  | $ | 30 |  |  | $ | 3 |
Gross amount subject to offset in master netting arrangements not offset in the consolidated balance sheet |  |  | (4 | ) |  |  | (4 | ) |  |  | (3 | ) |  |  | (3 | )
Total |  | $ | 15 |  |  | $ | — |  |  | $ | 27 |  |  | $ | — |

X
- Definition Schedule of derivative positions presented on net basis. + References No definition available. + Details
Name: | bax_ScheduleOfDerivativePositionsPresentedOnNetBasisTableTextBlock
Namespace Prefix: | bax_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration