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EARNINGS PER SHARE
 3 Months Ended
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)20252024
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 stockholders64 6 
Income (loss) from discontinued operations62 33 
Less: Net income attributable to noncontrolling interests included in discontinued operations— 2 
Income (loss) from discontinued operations attributable to Baxter stockholders62 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)20252024
Basic shares512 508 
Effect of dilutive securities2 2 
Diluted shares514 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.