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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables) | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Results and Market for Company's Stock | The results of operations of any quarter are not necessarily indicative of the results that may be expected for any future period.
| 2023
(in millions, except per share data) | First Quarter | Second Quarter 2 | Third Quarter 3 | Fourth Quarter | Full Year 1
Net sales | $ | 3,513 |  | $ | 3,707 |  | $ | 3,708 |  | $ | 3,885 |  | $ | 14,813 |
Gross margin | 1,275 |  | 1,111 |  | 1,117 |  | 1,472 |  | 4,975 |
Income (loss) from continuing operations | — |  | (193) |  | 51 |  | 73 |  | (69) |
Income (loss) from discontinued operations | 45 |  | 54 |  | 2,460 |  | 173 |  | 2,732 |
Net income (loss) | 45 |  | (139) |  | 2,511 |  | 246 |  | 2,663 |
Net income (loss) attributable to Baxter stockholders | 44 |  | (141) |  | 2,508 |  | 245 |  | 2,656 |
Income (loss) from continuing operations per common share |  |  |  |  |
Basic | $ | 0.00 |  | $ | (0.39) |  | $ | 0.09 |  | $ | 0.14 |  | $ | (0.15) |
Diluted | $ | 0.00 |  | $ | (0.39) |  | $ | 0.09 |  | $ | 0.14 |  | $ | (0.15) |
Income (loss) from discontinued operations per common share |  |  |  |  |
Basic | $ | 0.09 |  | $ | 0.11 |  | $ | 4.85 |  | $ | 0.34 |  | $ | 5.40 |
Diluted | $ | 0.09 |  | $ | 0.11 |  | $ | 4.83 |  | $ | 0.34 |  | $ | 5.40 |
Net Income (loss) per common share |  |  |  |  |
Basic | $ | 0.09 |  | $ | (0.28) |  | $ | 4.95 |  | $ | 0.48 |  | $ | 5.25 |
Diluted | $ | 0.09 |  | $ | (0.28) |  | $ | 4.93 |  | $ | 0.48 |  | $ | 5.25 |
| 2022
(in millions, except per share data) | First Quarter | Second Quarter | Third Quarter 4 | Fourth Quarter | Full Year 1
Net sales | $ | 3,558 |  | $ | 3,594 |  | $ | 3,609 |  | $ | 3,745 |  | $ | 14,506 |
Gross margin | 1,262 |  | 1,371 |  | 1,045 |  | 1,388 |  | 5,066 |
Income (loss) from continuing operations | 8 |  | 185 |  | (2,991) |  | 144 |  | (2,654) |
Income from discontinued operations | 65 |  | 70 |  | 57 |  | 41 |  | 233 |
Net income (loss) | 73 |  | 255 |  | (2,934) |  | 185 |  | (2,421) |
Net income (loss) attributable to Baxter stockholders | 71 |  | 252 |  | (2,937) |  | 181 |  | (2,433) |
Income (loss) from continuing operations per common share |  |  |  |  |
Basic | $ | 0.01 |  | $ | 0.36 |  | $ | (5.94) |  | $ | 0.28 |  | $ | (5.29) |
Diluted | $ | 0.01 |  | $ | 0.36 |  | $ | (5.94) |  | $ | 0.28 |  | $ | (5.29) |
Income from discontinued operations per common share |  |  |  |  |
Basic | $ | 0.13 |  | $ | 0.14 |  | $ | 0.11 |  | $ | 0.08 |  | $ | 0.46 |
Diluted | $ | 0.13 |  | $ | 0.14 |  | $ | 0.11 |  | $ | 0.08 |  | $ | 0.46 |
Net Income (loss) per common share |  |  |  |  |
Basic | $ | 0.14 |  | $ | 0.50 |  | $ | (5.83) |  | $ | 0.36 |  | $ | (4.83) |
Diluted | $ | 0.14 |  | $ | 0.50 |  | $ | (5.83) |  | $ | 0.36 |  | $ | (4.83) |
1 The sum of per share amounts for quarterly periods may not equal full year amounts due to rounding. 2 Our results from continuing operations for the quarter ended June 30, 2023 included $243 million of long-lived asset impairment charges resulting from our decision to cease production at one of our dialyzer manufacturing facilities. 3 Our results from continuing operations for the quarter ended September 30, 2023 included $267 million of long-lived asset impairment charges related to our HD business and our results from discontinued operations for that quarterly period included a gain of $2.88 billion from the sale of our BPS business. 4 Our results from continuing operations for the quarter ended September 30, 2022 included $2.79 billion of goodwill impairments and $332 million of long-lived asset impairments related to assets acquired in connection with our December 2021 acquisition of Hillrom.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1 + Details
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