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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Pay vs Performance Disclosure |  |  |  |
Pay vs Performance Disclosure, Table | Pay Versus Performance Disclosure In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the company is providing the following disclosure regarding executive compensation for the company’s principal executive officer (PEO) and Non-PEO NEOs and company performance for the fiscal years listed below.
Year |  | Summary Compensation Table Total for PEO¹ ($) |  | Compensation Actually Paid to PEO 1,2,3 ($) |  | Average Summary Compensation Table Total for Non-PEO NEOs 1 ($) |  | Average Compensation Actually Paid to Non-PEO NEOs 1,2,3 ($) |  | Value of Initial Fixed $100 Investment based on: 4 |  | Net Income ($ Millions) |  | Net Sales ($ Millions) 5
| TSR ($) |  | Peer Group TSR ($)
2023 |  |  |  | 13,786,671 |  |  |  |  | 10,408,814 |  |  |  |  | 5,194,682 |  |  |  |  | 3,994,655 |  |  |  |  | 49.69 |  |  |  |  | 143.18 |  |  |  |  | 2,663 |  |  |  |  | 14,813 |
2022 |  |  |  | 13,588,236 |  |  |  |  | (9,114,999 | ) |  |  |  | 6,721,562 |  |  |  |  | 14,410 |  |  |  |  | 63.62 |  |  |  |  | 140.29 |  |  |  |  | (2,421 | ) |  |  |  | 14,506 |
2021 |  |  |  | 15,634,734 |  |  |  |  | 19,600,136 |  |  |  |  | 4,853,630 |  |  |  |  | 5,588,070 |  |  |  |  | 105.26 |  |  |  |  | 143.09 |  |  |  |  | 1,295 |  |  |  |  | 12,146 |
2020 |  |  |  | 15,865,396 |  |  |  |  | 4,130,682 |  |  |  |  | 3,893,864 |  |  |  |  | 1,603,952 |  |  |  |  | 97.06 |  |  |  |  | 113.45 |  |  |  |  | 1,110 |  |  |  |  | 11,673 |
1. | Mr. Almeida was the company’s PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020 |  | 2021 |  | 2022 |  | 2023
James K. Saccaro |  | James K. Saccaro |  | James K. Saccaro |  | Joel Grade
Giuseppe Accogli |  | Giuseppe Accogli |  | Giuseppe Accogli |  | James K. Saccaro
Cristiano Franzi |  | Cristiano Franzi |  | Cristiano Franzi |  | Brian Stevens
Sean Martin |  | Andrew Frye |  | David Rosenbloom |  | Cristiano Franzi
|  |  |  |  |  | Heather Knight
|  |  |  |  |  | Alok Sonig
|  |  |  |  |  | Christopher Toth
2. | The amounts set forth above for compensation actually paid to PEO and non-PEO NEOs (as set forth in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns) have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote 3 below.
3. | Compensation actually paid to PEO and non-PEO NEOs (as set forth in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns) reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Related information regarding compensation paid in 2020, 2021 and 2022 has not changed from what was included in the company’s 2022 proxy statement and what is set forth in the proxy statement, and as such, information for such years has not been included in the following tables. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the “Exclusion of Stock Awards and Option Awards” columns are the totals from the “Stock Awards and Option Awards” columns set forth in the Summary Compensation Table. Amounts in the “Exclusion of Change in Pension Value” columns reflect the amounts attributable to the “Change in Pension Value” columns reported in the Summary Compensation Table. Amounts in the “Inclusion of Pension Service Cost” are based on the service cost for services rendered during the listed year.
Year |  | Summary Compensation Table Total for PEO ($) |  | Exclusion of Change in Pension Value for PEO ($) |  | Exclusion of Stock Awards and Option Awards for PEO ($) |  | Inclusion of Pension Service Cost for PEO ($) |  | Inclusion of Equity Values for PEO ($) |  | Compensation Actually Paid to PEO ($)
2023 |  | 13,786,671 |  |  |  | — |  |  |  |  | (10,162,639 | ) |  |  |  | — |  |  |  |  | 6,784,782 |  |  |  |  | 10,408,814 |
Year |  | Average Summary Compensation Table Total for Non-PEO NEOs ($) |  |  | Average Exclusion of Change in Pension Value for Non-PEO NEOs ($) |  |  | Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) |  |  | Average Inclusion of Pension Service Cost for Non-PEO NEOs ($) |  |  | Average Inclusion of Equity Values for Non-PEO NEOs ($) |  |  | Average Compensation Actually Paid to Non-PEO NEOs ($) |
2023 |  |  | 5,194,682 |  |  |  | — |  |  |  | (3,191,677 | ) |  |  | — |  |  |  | 1,991,650 |  |  |  | 3,994,655 |
The amounts in the inclusion of equity values as set forth in the “Inclusion of Equity Values for PEO” and “Average Inclusion of Equity Values for Non-PEO NEOs” columns in the tables above are derived from the amounts set forth in the following tables:
Year |  | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) |  |  | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) |  |  | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) |  |  | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) |  |  | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO ($) |  |  | Total—Inclusion of Equity Values for PEO ($) |
2023 |  |  | 9,829,730 |  |  |  | (1,578,440 | ) |  |  | — |  |  |  | (1,466,508 | ) |  |  | — |  |  |  | 6,784,782 |
Year |  | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) |  |  | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) |  |  | Average Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) |  |  | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) |  |  | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non- PEO NEOs ($) |  |  | Total—Average Inclusion of Equity Values for Non-PEO NEOs ($) |
2023 |  |  | 2,359,255 |  |  |  | (76,789 | ) |  |  | 160,523 |  |  |  | (105,594 | ) |  |  | (345,745 | ) |  |  | 1,991,650 |
4. | The Peer Group TSR set forth in this table utilizes the S&P 500 Health Care Index, which the company also utilizes in the stock performance graph required by Item 201(e) of Regulation S-K included in the 2023 Form 10-K. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the S&P 500 Health Care Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
5. | The company determined net sales to be the most important financial performance measure used to link company performance to Compensation Actually Paid to the company’s PEO and Non-PEO NEOs in 2023. For more information on net sales and a reconciliation of net sales to Adjusted Net Sales Including Discontinued Operations (as applicable for 2023), please see the “Executive Compensation—Compensation Discussion and Analysis—Elements of Executive Compensation—Annual Incentive Plan—Determination of 2023 Annual Incentive Plan Payouts.” Net Sales amounts for 2022, 2021, and 2020 are different than prior year’s Pay Versus Performance Disclosure because they reflect discontinued operations. This performance measure may not have been the most important financial performance measure for prior years and the company may determine a different financial performance measure to be the most important financial performance measure in future years.
Company Selected Measure Name | Net Sales |  |  |
Named Executive Officers, Footnote |
1. | Mr. Almeida was the company’s PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.
2020 |  | 2021 |  | 2022 |  | 2023
James K. Saccaro |  | James K. Saccaro |  | James K. Saccaro |  | Joel Grade
Giuseppe Accogli |  | Giuseppe Accogli |  | Giuseppe Accogli |  | James K. Saccaro
Cristiano Franzi |  | Cristiano Franzi |  | Cristiano Franzi |  | Brian Stevens
Sean Martin |  | Andrew Frye |  | David Rosenbloom |  | Cristiano Franzi
|  |  |  |  |  | Heather Knight
|  |  |  |  |  | Alok Sonig
|  |  |  |  |  | Christopher Toth
Peer Group Issuers, Footnote | The Peer Group TSR set forth in this table utilizes the S&P 500 Health Care Index, which the company also utilizes in the stock performance graph required by Item 201(e) of Regulation S-K included in the 2023 Form 10-K. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the company and in the S&P 500 Health Care Index, respectively. Historical stock performance is not necessarily indicative of future stock performance. |  |  |
PEO Total Compensation Amount | $ 13,786,671 | $ 13,588,236 | $ 15,634,734 | $ 15,865,396
PEO Actually Paid Compensation Amount | $ 10,408,814 | (9,114,999) | 19,600,136 | 4,130,682
Adjustment To PEO Compensation, Footnote |
2. | The amounts set forth above for compensation actually paid to PEO and non-PEO NEOs (as set forth in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns) have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote 3 below.
3. | Compensation actually paid to PEO and non-PEO NEOs (as set forth in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” columns) reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Related information regarding compensation paid in 2020, 2021 and 2022 has not changed from what was included in the company’s 2022 proxy statement and what is set forth in the proxy statement, and as such, information for such years has not been included in the following tables. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the “Exclusion of Stock Awards and Option Awards” columns are the totals from the “Stock Awards and Option Awards” columns set forth in the Summary Compensation Table. Amounts in the “Exclusion of Change in Pension Value” columns reflect the amounts attributable to the “Change in Pension Value” columns reported in the Summary Compensation Table. Amounts in the “Inclusion of Pension Service Cost” are based on the service cost for services rendered during the listed year.
Year |  | Summary Compensation Table Total for PEO ($) |  | Exclusion of Change in Pension Value for PEO ($) |  | Exclusion of Stock Awards and Option Awards for PEO ($) |  | Inclusion of Pension Service Cost for PEO ($) |  | Inclusion of Equity Values for PEO ($) |  | Compensation Actually Paid to PEO ($)
2023 |  | 13,786,671 |  |  |  | — |  |  |  |  | (10,162,639 | ) |  |  |  | — |  |  |  |  | 6,784,782 |  |  |  |  | 10,408,814 |
The amounts in the inclusion of equity values as set forth in the “Inclusion of Equity Values for PEO” and “Average Inclusion of Equity Values for Non-PEO NEOs” columns in the tables above are derived from the amounts set forth in the following tables:
Year |  | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO ($) |  |  | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO ($) |  |  | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for PEO ($) |  |  | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO ($) |  |  | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for PEO ($) |  |  | Total—Inclusion of Equity Values for PEO ($) |
2023 |  |  | 9,829,730 |  |  |  | (1,578,440 | ) |  |  | — |  |  |  | (1,466,508 | ) |  |  | — |  |  |  | 6,784,782 |
Non-PEO NEO Average Total Compensation Amount | $ 5,194,682 | 6,721,562 | 4,853,630 | 3,893,864
Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,994,655 | 14,410 | 5,588,070 | 1,603,952
Adjustment to Non-PEO NEO Compensation Footnote |
Year |  | Average Summary Compensation Table Total for Non-PEO NEOs ($) |  |  | Average Exclusion of Change in Pension Value for Non-PEO NEOs ($) |  |  | Average Exclusion of Stock Awards and Option Awards for Non-PEO NEOs ($) |  |  | Average Inclusion of Pension Service Cost for Non-PEO NEOs ($) |  |  | Average Inclusion of Equity Values for Non-PEO NEOs ($) |  |  | Average Compensation Actually Paid to Non-PEO NEOs ($) |
2023 |  |  | 5,194,682 |  |  |  | — |  |  |  | (3,191,677 | ) |  |  | — |  |  |  | 1,991,650 |  |  |  | 3,994,655 |
Year |  | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) |  |  | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) |  |  | Average Vesting- Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) |  |  | Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) |  |  | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non- PEO NEOs ($) |  |  | Total—Average Inclusion of Equity Values for Non-PEO NEOs ($) |
2023 |  |  | 2,359,255 |  |  |  | (76,789 | ) |  |  | 160,523 |  |  |  | (105,594 | ) |  |  | (345,745 | ) |  |  | 1,991,650 |
Compensation Actually Paid vs. Total Shareholder Return | The following chart sets forth the relationship between Compensation Actually Paid to Baxter’s PEO, the average of Compensation Actually Paid to Baxter’s Non-PEO NEOs, and the cumulative TSR over the four most recently completed fiscal years for the company and the S&P 500 Health Care Index TSR. |  |  |
Compensation Actually Paid vs. Net Income | The following chart sets forth the relationship between Compensation Actually Paid to Baxter’s PEO, the average of Compensation Actually Paid to Baxter’s Non-PEO NEOs, and Baxter’s net income during the four most recently completed fiscal years. |  |  |
Compensation Actually Paid vs. Company Selected Measure | The following chart sets forth the relationship between Compensation Actually Paid to Baxter’s PEO, the average of Compensation Actually Paid to Baxter’s Non-PEO NEOs, and Baxter’s net sales during the four most recently completed fiscal years. |  |  |
Total Shareholder Return Vs Peer Group | The following chart sets forth the relationship between Compensation Actually Paid to Baxter’s PEO, the average of Compensation Actually Paid to Baxter’s Non-PEO NEOs, and the cumulative TSR over the four most recently completed fiscal years for the company and the S&P 500 Health Care Index TSR. |  |  |
Tabular List, Table | The financial measures most important in determining pay during 2023 were those that influenced the company’s short- and long-term incentives for the NEOs and for broad-based incentive plans below the NEO level as set forth below (as such amounts may be adjusted in a given year in the manner described in the proxy statement, including with respect to the use of non-GAAP measures):
| • |  | Net Sales
| • |  | Earnings Per Share
| • |  | Free Cash Flow
| • |  | ROIC
| • |  | Relative TSR
Total Shareholder Return Amount | $ 49.69 | 63.62 | 105.26 | 97.06
Peer Group Total Shareholder Return Amount | 143.18 | 140.29 | 143.09 | 113.45
Net Income (Loss) | $ 2,663,000,000 | $ (2,421,000,000) | $ 1,295,000,000 | $ 1,110,000,000
Company Selected Measure Amount | 14,813,000,000 | 14,506,000,000 | 12,146,000,000 | 11,673,000,000
PEO Name | Mr. Almeida |  |  |
Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Net Sales |  |  |
Measure:: 2 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Earnings Per Share |  |  |
Measure:: 3 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Free Cash Flow |  |  |
Measure:: 4 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | ROIC |  |  |
Measure:: 5 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Relative TSR |  |  |
PEO | Exclusion Of Stock Awards And Option Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ (10,162,639) |  |  |
PEO | Inclusion Of Equity Values [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 6,784,782 |  |  |
PEO | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 9,829,730 |  |  |
PEO | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (1,578,440) |  |  |
PEO | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (1,466,508) |  |  |
PEO | Total Inclusion Of Equity Values [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 6,784,782 |  |  |
Non-PEO NEO | Exclusion Of Stock Awards And Option Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (3,191,677) |  |  |
Non-PEO NEO | Inclusion Of Equity Values [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 1,991,650 |  |  |
Non-PEO NEO | Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 2,359,255 |  |  |
Non-PEO NEO | Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (76,789) |  |  |
Non-PEO NEO | Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 160,523 |  |  |
Non-PEO NEO | Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (105,594) |  |  |
Non-PEO NEO | Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (345,745) |  |  |
Non-PEO NEO | Total Inclusion Of Equity Values [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ 1,991,650 |  |  |

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