XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Options Fair Value Assumptions | The fair value of stock options is determined using the Black-Scholes model. The weighted-average assumptions used in estimating the fair value of stock options granted during each year, along with the weighted-average grant-date fair values, were as follows:
years ended December 31 |  | 2017 |  |  | 2016 |  |  | 2015 |
Expected volatility |  |  | 19 | % |  |  | 20 | % |  |  | 20 | %
Expected life (in years) |  |  | 5.5 |  |  |  | 5.5 |  |  |  | 5.5 |
Risk-free interest rate |  |  | 2.1 | % |  |  | 1.4 | % |  |  | 1.7 | %
Dividend yield |  |  | 1.0 | % |  |  | 1.2 | % |  |  | 2.9 | %
Fair value per stock option |  | $ | 10 |  |  | $ | 7 |  |  | $ | 9 |
Summary of Stock Option Activity | The following table summarizes stock option activity for the year ended December 31, 2017 and the outstanding stock options as of December 31, 2017.
(options and aggregate intrinsic values in thousands) |  | Options |  |  | Weighted- average exercise price |  |  | Weighted- average remaining contractual term (in years) |  |  | Aggregate intrinsic value |
Outstanding as of January 1, 2017 |  |  | 33,076 |  |  | $ | 35.73 |  |  |  |  |  |  |  |  |
Granted |  |  | 5,822 |  |  | $ | 51.42 |  |  |  |  |  |  |  |  |
Exercised |  |  | (9,031 | ) |  | $ | 33.80 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,605 | ) |  | $ | 41.81 |  |  |  |  |  |  |  |  |
Expired |  |  | (54 | ) |  | $ | 34.25 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2017 |  |  | 28,208 |  |  | $ | 39.25 |  |  |  | 6.2 |  |  | $ | 715,900 |
Vested or expected to vest as of December 31, 2017 |  |  | 27,712 |  |  | $ | 39.07 |  |  |  | 6.1 |  |  | $ | 708,533 |
Exercisable as of December 31, 2017 |  |  | 16,364 |  |  | $ | 35.51 |  |  |  | 4.8 |  |  | $ | 476,756 |
Summary of Stock Option Activity | The following table summarizes nonvested RSU activity for the year ended December 31, 2017.
(share units in thousands) |  | Share units |  |  | Weighted- average grant-date fair value |
Nonvested RSUs as of January 1, 2017 |  |  | 2,698 |  |  | $ | 32.90 |
Granted |  |  | 1,145 |  |  | $ | 55.11 |
Vested |  |  | (1,355 | ) |  | $ | 29.84 |
Forfeited |  |  | (287 | ) |  | $ | 38.41 |
Nonvested RSUs as of December 31, 2017 |  |  | 2,201 |  |  | $ | 45.65 |
Performance Stock Units Fair Value | The assumptions used in estimating the fair value of these PSUs granted during the period, along with the grant-date fair values, were as follows:
years ended December 31 |  | 2017 |  |  | 2016 |  |  | 2015 |
Baxter volatility |  |  | 19% |  |  |  | 20% |  |  |  | 19% |
Peer group volatility |  | 16%-54% |  |  | 17%-51% |  |  | 16%-38% |
Correlation of returns |  | 0.19-0.58 |  |  | 0.22-0.73 |  |  | 0.24-0.55 |
Risk-free interest rate |  |  | 1.6% |  |  |  | 1.0% |  |  |  | 1.1% |
Fair value per PSU |  | $ | 69 |  |  | $ | 51 |  |  | $ | 46 |
Summary of Nonvested Performance Stock Unit Activity | The following table summarizes nonvested PSU activity for the year ended December 31, 2017.
(share units in thousands) |  | Share units |  |  | Weighted- average grant-date fair value |
Nonvested PSUs as of January 1, 2017 |  |  | 278 |  |  | $ | 46.82 |
Granted |  |  | 461 |  |  | $ | 62.22 |
Vested |  |  | (194 | ) |  | $ | 34.35 |
Forfeited |  |  | (85 | ) |  | $ | 52.31 |
Nonvested PSUs as of December 31, 2017 |  |  | 460 |  |  | $ | 66.50 |

X
- Definition Performance share units valuation assumptions. + References No definition available. + Details
Name: | bax_PerformanceShareUnitsValuationAssumptionsTableTextBlock
Namespace Prefix: | bax_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration