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EARNINGS (LOSS) PER SHARE | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE |
EARNINGS (LOSS) PER SHARE
The numerator for both basic and diluted earnings (loss) per share (EPS) is net income (loss) attributable to Baxter stockholders. The denominator for basic EPS is the weighted-average number of shares outstanding during the period. The dilutive effect of outstanding stock options, RSUs and PSUs is reflected in the denominator for diluted EPS using the treasury stock method. The following table is a reconciliation of net income (loss) attributable to Baxter stockholders.
years ended December 31(in millions) | 2023 | 2022 | 2021
Income (loss) from continuing operations | $ | (69) |  | $ | (2,654) |  | $ | 1,033 |
Less: Net income attributable to noncontrolling interests | 7 |  | 12 |  | 11 |
Income (loss) from continuing operations attributable to Baxter stockholders | (76) |  | (2,666) |  | 1,022 |
Income from discontinued operations | 2,732 |  | 233 |  | 262 |
Net income (loss) attributable to Baxter stockholders | $ | 2,656 |  | $ | (2,433) |  | $ | 1,284 |
The following table is a reconciliation of basic shares to diluted shares.
years ended December 31(in millions) | 2023 | 2022 | 2021
Basic shares | 506 |  | 504 |  | 502 |
Effect of dilutive securities | — |  | — |  | 6 |
Diluted shares | 506 |  | 504 |  | 508 |
Basic and diluted shares are the same for the years ended December 31, 2023 and 2022 due to our net losses from continuing operations for those periods. The effect of dilutive securities for the year ended December 31, 2021 includes unexercised stock options, unvested RSUs and contingently issuable shares related to granted PSUs. The computation of diluted EPS excluded 25 million, 22 million, and 7 million equity awards in 2023, 2022, and 2021, respectively, because their inclusion would have had an anti-dilutive effect on diluted EPS. Refer to Note 9 for additional information regarding items impacting basic shares.

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