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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The numerator for both basic and diluted earnings 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 income (loss) from continuing operations to net income (loss) attributable to Baxter stockholders.
| Three Months Ended March 31, |  |
(in millions) | 2025 | 2024 |  |  |
Income (loss) from continuing operations | $ | 64 |  | $ | 6 |  |  |  |
Less: Net income attributable to noncontrolling interests included in continuing operations | — |  | — |  |  |  |
Income (loss) from continuing operations attributable to Baxter stockholders | 64 |  | 6 |  |  |  |
Income (loss) from discontinued operations | 62 |  | 33 |  |  |  |
Less: Net income attributable to noncontrolling interests included in discontinued operations | — |  | 2 |  |  |  |
Income (loss) from discontinued operations attributable to Baxter stockholders | 62 |  | 31 |  |  |  |
Net income (loss) attributable to Baxter stockholders | $ | 126 |  | $ | 37 |  |  |  |
The following table is a reconciliation of basic shares and diluted shares.
| Three Months Ended March 31, |  |
(in millions) | 2025 | 2024 |  |  |
Basic shares | 512 |  | 508 |  |  |  |
Effect of dilutive securities | 2 |  | 2 |  |  |  |
Diluted shares | 514 |  | 510 |  |  |  |
The effect of dilutive securities includes unexercised stock options, unvested RSUs and contingently issuable shares related to granted PSUs. The computation of diluted EPS excludes 20 million and 16 million shares issuable under equity awards for the three months ended March 31, 2025 and 2024, respectively, because their inclusion would have had an anti-dilutive effect on diluted EPS.

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