XML 50 R37.htm IDEA: XBRL DOCUMENT
v3.20.2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Gains and Losses on Derivative Instruments | The following tables summarize the gains and losses on our hedging instruments and the classification of those gains and losses within our condensed consolidated financial statements for the three months ended June 30, 2020 and 2019.
| Gain (loss) recognized in OCI |  |  |  | Location of gain (loss) in income statement | Gain (loss) reclassified from AOCI into income |  |
(in millions) | 2020 |  | 2019 |  |  | 2020 |  | 2019
Cash flow hedges |  |  |  |  |  |  |  |
Interest rate contracts | $ | 9 |  |  | $ | (23) |  |  | Interest expense, net | $ | — |  |  | $ | — |
Foreign exchange contracts | (7) |  |  | 9 |  |  | Cost of sales | 5 |  |  | 1 |
Net investment hedges | (50) |  |  | (36) |  |  | Other (income) expense, net | — |  |  | — |
Total | $ | (48) |  |  | $ | (50) |  |  |  | $ | 5 |  |  | $ | 1 |
| Location of gain (loss) in income statement | Gain (loss) recognized in income |  |
|  |  |  | As Restated
(in millions) |  | 2020 |  | 2019
Undesignated derivative instruments |  |  |  |
Foreign exchange contracts | Other (income) expense, net | $ | 13 |  |  | $ | (4) |
The following tables summarize the gains and losses on our hedging instruments and the classification of those gains and losses within our condensed consolidated financial statements for the six months ended June 30, 2020 and 2019.
| Gain (loss) recognized in OCI |  | Location of gain (loss) in income statement | Gain (loss) reclassified from AOCI into income |
(in millions) | 2020 | 2019 |  | 2020 | 2019
Cash flow hedges |  |  |  |  |
Interest rate contracts | $ | (175) |  | $ | (34) |  | Interest expense, net | $ | — |  | $ | — |
Foreign exchange contracts | 7 |  | — |  | Cost of sales | 4 |  | 1 |
Net investment hedges | (1) |  | (22) |  | Other income, net | — |  | — |
Total | $ | (169) |  | $ | (56) |  |  | $ | 4 |  | $ | 1 |
| Location of gain (loss) in income statement | Gain (loss) recognized in income |
|  |  | As Restated
(in millions) |  | 2020 | 2019
Undesignated derivative instruments |  |  |
Foreign exchange contracts | Other income, net | $ | 15 |  | $ | (12) |
Classification and Fair Values of Derivative Instruments | The following table summarizes the classification and fair values of derivative instruments reported in the condensed consolidated balance sheet as of June 30, 2020.
| 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 non-current assets | $ | — |  |  | Other non-current liabilities | $ | 217 |
Foreign exchange contracts | Prepaid expenses and other current assets | 13 |  |  | Accounts payable and accrued liabilities | 1 |
Total derivative instruments designated as hedges |  | 13 |  |  |  | 218 |
Undesignated derivative instruments |  |  |  |  |
Foreign exchange contracts | Prepaid expenses and other current assets | 8 |  |  | Accounts payable and accrued liabilities | — |
Total derivative instruments |  | $ | 21 |  |  |  | $ | 218 |
The following table summarizes the classification and fair values of derivative instruments reported in the condensed consolidated balance sheet as of December 31, 2019.
| 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 non-current assets | $ | 10 |  |  | Other non-current liabilities | $ | 52 |
Foreign exchange contracts | Prepaid expenses and other current assets | 10 |  |  | Accounts payable and accrued liabilities | — |
Total derivative instruments designated as hedges |  | 20 |  |  |  | 52 |
Undesignated derivative instruments |  |  |  |  |
Foreign exchange contracts | Prepaid expenses and other current assets | 1 |  |  | Accounts payable and accrued liabilities | 2 |
Total derivative instruments |  | $ | 21 |  |  |  | $ | 54 |
Derivative Positions Presented On Net Basis | The following table provides information on our derivative positions as if they were presented on a net basis, allowing for the right of offset by counterparty.
| June 30, 2020 |  |  | December 31, 2019 |
(in millions) | Asset | Liability |  | Asset | Liability
Gross amounts recognized in the consolidated balance sheet | $ | 21 |  | $ | 218 |  |  | $ | 21 |  | $ | 54 |
Gross amount subject to offset in master netting arrangements not offset in the consolidated balance sheet | (10) |  | (10) |  |  | (11) |  | (11) |
Total | $ | 11 |  | $ | 208 |  |  | $ | 10 |  | $ | 43 |
Amounts Recorded on Condensed Consolidated Balance Sheet Related to Fair Value Hedges | The following table presents the amounts recorded on the condensed consolidated balance sheet related to fair value hedges:
| Carrying amount of hedged item |  |  | Cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged item (a) |
(in millions) | Balance as of June 30, 2020 | Balance as of December 31, 2019 |  | Balance as of June 30, 2020 | Balance as of December 31, 2019
Long-term debt | $ | 102 |  | $ | 103 |  |  | $ | 5 |  | $ | 6 |
(a) These fair value hedges were terminated prior to December 31, 2019.

X
- Definition Schedule of derivative positions presented on net basis. + References No definition available. + Details
Name: | bax_ScheduleOfDerivativePositionsPresentedOnNetBasisTableTableTextBlock
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 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfFairValueHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration