XML 90 R75.htm IDEA: XBRL DOCUMENT
v3.22.4

DEBT AND CREDIT FACILITIES - Schedule of Debt (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | May 31, 2019
--- | --- | --- | ---
Debt Instrument [Line Items] |  |  |
Total debt | $ 16,636 | $ 17,660 |
Short-term debt | (299) | (301) |
Current maturities of long-term debt and finance lease obligations | (1,105) | (210) |
Long-term debt and finance lease obligations | $ 15,232 | 17,149 |
Commercial paper |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 4.80% |  |
Total debt | $ 299 | 300 |
2.4% notes due 2022 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 2.40% |  |
Effective interest rate | 2.50% |  |
Total debt | $ 0 | $ 203 |
0.868% notes due 2023 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 0.868% | 0.868% |
Effective interest rate | 1.10% |  |
Total debt | $ 799 | $ 797 |
Floating-rate notes due 2023 |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 2.30% |  |
Total debt | $ 299 | 298 |
0.4% notes due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 0.40% |  | 0.40%
Effective interest rate | 0.90% |  |
Total debt | $ 799 | $ 846 |
1.322% notes due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 1.322% | 1.322% |
Effective interest rate | 1.50% |  |
Total debt | $ 1,395 | $ 1,393 |
7.0% notes due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 7.00% |  |
Effective interest rate | 7.00% |  |
Total debt | $ 13 | 13 |
Floating-rate notes due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 2.30% |  |
Total debt | $ 299 | 298 |
Term loan due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 3.00% |  |
Total debt | $ 1,664 | 1,998 |
1.3% notes due 2025 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 1.30% |  |
Effective interest rate | 1.50% |  |
Total debt | $ 640 | 678 |
2.6% notes due 2026 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 2.60% |  |
Effective interest rate | 2.70% |  |
Total debt | $ 748 | 747 |
Term loan due 2026 |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 3.10% |  |
Total debt | $ 1,643 | 1,998 |
7.65% debentures due 2027 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 7.65% |  |
Effective interest rate | 7.70% |  |
Total debt | $ 5 | $ 5 |
1.915% notes due 2027 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 1.915% | 1.915% |
Effective interest rate | 2.10% |  |
Total debt | $ 1,443 | $ 1,441 |
6.625% debentures due 2028 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 6.625% |  |
Effective interest rate | 5.70% |  |
Total debt | $ 96 | $ 96 |
2.272% notes due 2028 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 2.272% | 2.272% |
Effective interest rate | 2.40% |  |
Total debt | $ 1,242 | $ 1,241 |
1.3% notes due 2029 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 1.30% |  | 1.30%
Effective interest rate | 1.50% |  |
Total debt | $ 792 | 841 |
3.95% notes due 2030 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 3.95% |  |
Effective interest rate | 4.10% |  |
Total debt | $ 496 | 495 |
1.73% notes due 2031 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 1.73% |  |
Effective interest rate | 2.70% |  |
Total debt | $ 645 | $ 644 |
2.539% notes due 2032 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 2.539% | 2.539% |
Effective interest rate | 2.60% |  |
Total debt | $ 1,538 | $ 1,537 |
6.25% notes due 2037 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 6.25% |  |
Effective interest rate | 6.30% |  |
Total debt | $ 265 | 265 |
3.65% notes due 2042 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 3.65% |  |
Effective interest rate | 3.60% |  |
Total debt | $ 7 | 6 |
4.5% notes due 2043 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 4.50% |  |
Effective interest rate | 4.60% |  |
Total debt | $ 256 | 256 |
3.5% notes due 2046 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 3.50% |  |
Effective interest rate | 3.70% |  |
Total debt | $ 441 | $ 441 |
3.132% notes due 2051 |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes, coupon rates | 3.132% | 3.132% |
Effective interest rate | 3.20% |  |
Total debt | $ 742 | $ 742 |
Finance leases and other |  |  |
Debt Instrument [Line Items] |  |  |
Effective interest rate | 9.40% |  |
Total debt | $ 70 | $ 81 |

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of long-term debt and lease obligation, classified as noncurrent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, including portion classified as current. + References No definition available. + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 10 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(a)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(1)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_CommercialPaperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TwoPointFourZeroPercentNotesDueTwoThousandAndTwentyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ZeroPointEightSixEightPercentageNotesDueMayTwoThousandAndTwentyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_FloatingRateNotesDueTwoThousandAndTwentyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ZeroPointFortyPercentageSeniorNotesDueMayTwoThousandAndTwentyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_OnePointThreeTwoTwoPercentageNotesDueTwoThousandAndTwentyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_SevenPercentageNotesDueTwoThousandAndTwentyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_FloatingRateNotesDueTwoThousandAndTwentyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TermLoanDueTwoThousandAndTwentyFourMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_OnePointThreeZeroPercentNotesDueTwoThousandAndTwentyFiveMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TwoPointSixPercentNotesDueTwoThousandAndTwentySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TermLoanDueTwoThousandAndTwentySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_SevenPointSixFivePercentDebenturesDueTwoThousandAndTwentySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_OnePointNineOneFivePercentDebenturesDueTwoThousandAndTwentySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_SixPointSixTwoFivePercentDebenturesDueTwoThousandAndTwentyEightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TwoPointTwoSevenTwoPercentDueTwoThousandAndTwentyEightMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_OnePointThreeZeroPercentageSeniorNotesDueMayTwoThousandAndTwentyNineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ThreePointNinetyFivePercentDebenturesDueTwoThousandAndThirtyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_OnePointSeventyThreeSeniorNotesDueMayTwoThousandAndThirtyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_TwoPointFiveThreeNinePercentageNotesDueTwoThousandAndThirtyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_SixPointTwoFivePercentNotesDueTwoThousandAndThirtySevenMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ThreePointSixFivePercentNotesDueTwoThousandAndFortyTwoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_FourPointFivePercentNotesDueTwoThousandAndFortyThreeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ThreePointFivePercentNotesDueTwoThousandAndFortySixMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_ThreePointOneThreeTwoPercentNotesDueTwoThousandAndFiftyOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=bax_FinanceLeaseAndOtherDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |