2021 Q4 Form 10-K Financial Statement

#000162828022003432 Filed on February 23, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $3.514B $12.78B $3.181B
YoY Change 10.47% 9.52% 4.67%
Cost Of Revenue $2.106B $7.679B $1.962B
YoY Change 7.34% 8.37% 14.47%
Gross Profit $1.408B $5.105B $1.191B
YoY Change 18.22% 11.29% -8.24%
Gross Profit Margin 40.07% 39.93% 37.44%
Selling, General & Admin $721.0M $2.867B $600.0M
YoY Change 20.17% 16.12% -2.28%
% of Gross Profit 51.21% 56.16% 50.38%
Research & Development $133.0M $534.0M $129.0M
YoY Change 3.1% 2.5% -15.13%
% of Gross Profit 9.45% 10.46% 10.83%
Depreciation & Amortization $245.0M $890.0M $213.0M
YoY Change 15.02% 8.14% 1.91%
% of Gross Profit 17.4% 17.43% 17.88%
Operating Expenses $854.0M $3.401B $729.0M
YoY Change 17.15% 13.75% -4.83%
Operating Profit $554.0M $1.710B $462.0M
YoY Change 19.91% 5.82% -13.16%
Interest Expense -$65.00M $206.0M -$30.00M
YoY Change 116.67% 34.64% 130.77%
% of Operating Profit -11.73% 12.05% -6.49%
Other Income/Expense, Net $2.000M -$41.00M -$10.00M
YoY Change -120.0% -78.42% -211.11%
Pretax Income $283.0M $1.477B $210.0M
YoY Change 34.76% 14.32% -194.17%
Income Tax $41.00M $182.0M $39.00M
% Of Pretax Income 14.49% 12.32% 18.57%
Net Earnings $238.0M $1.284B $168.0M
YoY Change 41.67% 16.52% -830.43%
Net Earnings / Revenue 6.77% 10.04% 5.28%
Basic Earnings Per Share $2.56 $0.33
Diluted Earnings Per Share $471.3K $2.53 $0.33
COMMON SHARES
Basic Shares Outstanding 500.7M shares 502.0M shares 510.8M shares
Diluted Shares Outstanding 508.0M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.951B $2.951B $3.730B
YoY Change -20.88% -20.88% 11.84%
Cash & Equivalents $3.000B $2.951B $3.730B
Short-Term Investments
Other Short-Term Assets $390.0M $755.0M $342.0M
YoY Change 14.04% 9.74% 8.57%
Inventory $2.453B $2.453B $1.916B
Prepaid Expenses
Receivables $2.629B $2.713B $2.007B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.872B $8.872B $8.411B
YoY Change 5.48% 5.48% 12.1%
LONG-TERM ASSETS
Property, Plant & Equipment $5.178B $5.808B $4.722B
YoY Change 9.66% 9.07% 4.65%
Goodwill $9.836B $3.217B
YoY Change 205.75% 6.17%
Intangibles $7.792B $1.671B
YoY Change 366.31% 13.6%
Long-Term Investments $154.0M
YoY Change 14.07%
Other Assets $1.213B $835.0M $1.395B
YoY Change -13.05% -19.56% 30.5%
Total Long-Term Assets $24.65B $24.65B $11.61B
YoY Change 112.34% 112.34% 8.59%
TOTAL ASSETS
Total Short-Term Assets $8.872B $8.872B $8.411B
Total Long-Term Assets $24.65B $24.65B $11.61B
Total Assets $33.52B $33.52B $20.02B
YoY Change 67.45% 67.45% 10.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.246B $1.246B $1.043B
YoY Change 19.46% 19.46% -58.3%
Accrued Expenses $2.479B $2.087B $1.884B
YoY Change 31.58% 98.2% 1765.35%
Deferred Revenue $162.0M $32.00M
YoY Change 406.25%
Short-Term Debt $301.0M $301.0M $0.00
YoY Change -100.0%
Long-Term Debt Due $210.0M $210.0M $406.0M
YoY Change -48.28% -48.28% 28.89%
Total Short-Term Liabilities $4.236B $4.236B $3.333B
YoY Change 27.09% 27.09% 3.19%
LONG-TERM LIABILITIES
Long-Term Debt $17.15B $17.15B $5.786B
YoY Change 196.39% 196.39% 20.32%
Other Long-Term Liabilities $2.493B $2.053B $1.673B
YoY Change 49.01% 1.08% -3.41%
Total Long-Term Liabilities $2.493B $19.20B $1.673B
YoY Change 49.01% 145.64% -3.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.236B $4.236B $3.333B
Total Long-Term Liabilities $2.493B $19.20B $1.673B
Total Liabilities $24.40B $24.44B $11.29B
YoY Change 116.06% 115.75% 9.84%
SHAREHOLDERS EQUITY
Retained Earnings $17.07B $16.33B
YoY Change 4.51% 3.88%
Common Stock $6.880B $6.726B
YoY Change 2.29% 1.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.49B $11.05B
YoY Change 3.95% 2.67%
Treasury Stock Shares 181.9M shares 178.6M shares
Shareholders Equity $9.077B $9.077B $8.689B
YoY Change
Total Liabilities & Shareholders Equity $33.52B $33.52B $20.02B
YoY Change 67.45% 67.45% 10.04%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $238.0M $1.284B $168.0M
YoY Change 41.67% 16.52% -830.43%
Depreciation, Depletion And Amortization $245.0M $890.0M $213.0M
YoY Change 15.02% 8.14% 1.91%
Cash From Operating Activities $693.0M $2.222B $712.0M
YoY Change -2.67% 18.95% -14.11%
INVESTING ACTIVITIES
Capital Expenditures -$235.0M -$743.0M -$237.0M
YoY Change -0.84% 4.8% 24.08%
Acquisitions $10.50B
YoY Change 2025.91%
Other Investing Activities -$10.03B -$10.46B -$27.00M
YoY Change 37055.56% 2124.89% -88.26%
Cash From Investing Activities -$10.27B -$11.20B -$264.0M
YoY Change 3789.02% 849.96% -37.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $600.0M
YoY Change 20.0%
Debt Paid & Issued, Net $2.823B
YoY Change 139.03%
Cash From Financing Activities 9.276B $8.245B -1.143B
YoY Change -911.55% -2489.86% 885.34%
NET CHANGE
Cash From Operating Activities 693.0M $2.222B 712.0M
Cash From Investing Activities -10.27B -$11.20B -264.0M
Cash From Financing Activities 9.276B $8.245B -1.143B
Net Change In Cash -298.0M -$780.0M -695.0M
YoY Change -57.12% -294.51% -338.01%
FREE CASH FLOW
Cash From Operating Activities $693.0M $2.222B $712.0M
Capital Expenditures -$235.0M -$743.0M -$237.0M
Free Cash Flow $928.0M $2.965B $949.0M
YoY Change -2.21% 15.06% -6.96%

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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (U.S. GAAP) requires us to make estimates and assumptions that affect reported amounts and related disclosures. Actual results could differ from those estimates.</span></div>
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
60000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
72000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
216000000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
118000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
706000000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
48000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
56000000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
70000000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
650000000 USD
CY2021 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
27000000 USD
CY2020 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
38000000 USD
CY2019 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
35000000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
136000000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
84000000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
61000000 USD
CY2021 us-gaap Variable Lease Income
VariableLeaseIncome
79000000 USD
CY2020 us-gaap Variable Lease Income
VariableLeaseIncome
80000000 USD
CY2019 us-gaap Variable Lease Income
VariableLeaseIncome
85000000 USD
CY2021 us-gaap Lease Income
LeaseIncome
242000000 USD
CY2020 us-gaap Lease Income
LeaseIncome
202000000 USD
CY2020Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
134000000 USD
CY2021Q4 us-gaap Net Investment In Lease Current
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40000000 USD
CY2019 us-gaap Lease Income
LeaseIncome
181000000 USD
CY2021Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
111000000 USD
CY2020Q4 us-gaap Sales Type Lease Lease Receivable
SalesTypeLeaseLeaseReceivable
122000000 USD
CY2021Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
4000000 USD
CY2020Q4 us-gaap Sales Type Lease Unguaranteed Residual Asset
SalesTypeLeaseUnguaranteedResidualAsset
12000000 USD
CY2021Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
115000000 USD
CY2020Q4 us-gaap Net Investment In Lease Current
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39000000 USD
CY2021Q4 us-gaap Net Investment In Lease Noncurrent
NetInvestmentInLeaseNoncurrent
75000000 USD
CY2020Q4 us-gaap Net Investment In Lease Noncurrent
NetInvestmentInLeaseNoncurrent
95000000 USD
CY2021Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
115000000 USD
CY2020Q4 us-gaap Net Investment In Lease
NetInvestmentInLease
134000000 USD
CY2021Q4 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
115000000 USD
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13000000 USD
CY2018Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
24000000 USD
CY2019Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
24000000 USD
CY2020Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
32000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
22000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
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43000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
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87000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
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32000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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79000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
115000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
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22000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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75000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
12000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
60000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
5000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
11000000 USD
CY2021Q4 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
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1000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
2000000 USD
CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
314000000 USD
CY2021Q4 bax Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Imputed Interest
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedImputedInterest
4000000 USD
CY2021Q4 bax Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Present Value Of Minimum Lease Payments
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedPresentValueOfMinimumLeasePayments
111000000 USD
CY2021Q4 us-gaap Litigation Reserve
LitigationReserve
72000000 USD
CY2020Q4 us-gaap Litigation Reserve
LitigationReserve
40000000 USD
CY2021Q1 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
16000000 USD
CY2020Q1 bax Loss Contingency Number Of Lawsuits
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2 Lawsuit
CY2019 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
39000000 USD
CY2019 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
37000000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
51000000 shares
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
146000000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
130000000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
122000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
36000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
53000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
70000000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-13000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-27000000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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-54000000 USD
CY2021Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
1
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
20196000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
56.88
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
4034000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.32
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2759000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
49.68
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
729000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
76.33
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
46000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
53.75
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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20696000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
61.14
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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511187000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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20391000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
60.91
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y10M24D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
508645000 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
13821000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
53.46
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y7M6D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
447799000 USD
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Number Of Employees Affected
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationNumberOfEmployeesAffected
123 employee
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.085
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.955
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.850
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.245
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.245
CY2021Q2 bax Annualized Dividend Payable Amount Per Share
AnnualizedDividendPayableAmountPerShare
0.98
CY2021Q1 bax Annualized Dividend Payable Amount Per Share
AnnualizedDividendPayableAmountPerShare
0.98
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2021Q2 bax Annualized Dividend Payable Amount Per Share
AnnualizedDividendPayableAmountPerShare
1.12
CY2020Q3 bax Annualized Dividend Payable Amount Per Share
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1.12
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2012Q3 us-gaap Stock Repurchase Program Authorized Amount1
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2000000000 USD
CY2016Q4 bax Stock Repurchase Program Additional Authorized Amount
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1500000000 USD
CY2018Q1 bax Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
1500000000 USD
CY2018Q4 bax Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
2000000000 USD
CY2020Q4 bax Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
1500000000 USD
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7300000 shares
CY2020 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
6300000 shares
CY2019 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
16500000 shares
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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1300000000 USD
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-90000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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309000000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-87000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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396000000 USD
CY2021Q4 us-gaap Accounts Receivable Net
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2400000000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1700000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
195000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
134000000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
195000000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
134000000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
246000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
66000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
20000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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12784000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11673000000 USD
CY2021 us-gaap Restructuring Reserve Accelerated Depreciation
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0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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11362000000 USD
CY2021Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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1200000000 USD
CY2021Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
30000000 USD
CY2021 us-gaap Restructuring Charges
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91000000 USD
CY2020 us-gaap Restructuring Charges
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111000000 USD
CY2019 us-gaap Restructuring Charges
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134000000 USD
CY2021 bax Costs To Implement Business Optimization Programs
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23000000 USD
CY2020 bax Costs To Implement Business Optimization Programs
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23000000 USD
CY2019 bax Costs To Implement Business Optimization Programs
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45000000 USD
CY2020 us-gaap Restructuring Reserve Accelerated Depreciation
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0 USD
CY2019 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
5000000 USD
CY2021 bax Business Optimization Charges Net
BusinessOptimizationChargesNet
114000000 USD
CY2020 bax Business Optimization Charges Net
BusinessOptimizationChargesNet
134000000 USD
CY2019 bax Business Optimization Charges Net
BusinessOptimizationChargesNet
184000000 USD
CY2021 us-gaap Restructuring Charges
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91000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
111000000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
134000000 USD
CY2020 us-gaap Gain Loss On Sale Of Properties
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17000000 USD
CY2021 bax Restructuring Reserve Accrual Adjustment Assumed In Acquisition
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6000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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4300000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
4100000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2991000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
2920000000 USD
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
2209000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
2047000000 USD
CY2021Q4 bax Defined Benefit Plan Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithProjectedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
3254000000 USD
CY2020Q4 bax Defined Benefit Plan Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithProjectedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
3421000000 USD
CY2021Q4 bax Defined Benefit Plan Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithProjectedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
2366000000 USD
CY2020Q4 bax Defined Benefit Plan Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithProjectedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
2387000000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
43000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
17000000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-64000000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-160000000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-59000000 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
184000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
17000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
12000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
6000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
65000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
47000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
25000000 USD
CY2021 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0 USD
CY2020 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
11000000 USD
CY2019 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
188000000 USD
CY2021 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
2000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
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35000000 USD
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CY2019 bax Income Tax Reconciliation Foreign Statutory Loss On Foreign Subsidiary Investment Tax Deductible
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CY2019 us-gaap Income Tax Reconciliation Tax Settlements Foreign
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CY2021 bax Income Tax Reconciliation Foreign Tax Reform
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CY2020 bax Income Tax Reconciliation Deferred Tax Revaluation Due To Tax Cuts And Jobs Act Of2017
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CY2020 bax Income Tax Reconciliation Transition Tax Due To Tax Cuts And Jobs Act Of2017
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CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
19000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
8000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
5000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
11000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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19000000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
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135000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
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4000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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2000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
6000000 USD
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6000000 USD
CY2021Q4 bax Derivative Fair Value Of Derivative Assets Offset By Fair Value Of Derivative Liability
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6000000 USD
CY2021Q4 bax Derivative Fair Value Of Derivative Liability Offset By Fair Value Of Derivative Assets
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3000000 USD
CY2020Q4 bax Derivative Fair Value Of Derivative Assets Offset By Fair Value Of Derivative Liability
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5000000 USD
CY2020Q4 bax Derivative Fair Value Of Derivative Liability Offset By Fair Value Of Derivative Assets
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13000000 USD
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30000000 USD
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16000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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143000000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
30000000 USD
CY2021Q4 bax Number Geographical Segments
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4 u_baxGeographical
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RevenueFromContractWithCustomerExcludingAssessedTax
12784000000 USD
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11673000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Depreciation
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606000000 USD
CY2021 bax Capital Expenditures
CapitalExpenditures
709000000 USD
CY2020 bax Capital Expenditures
CapitalExpenditures
724000000 USD
CY2019 bax Capital Expenditures
CapitalExpenditures
686000000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
1710000000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1616000000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
1772000000 USD
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1477000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1292000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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970000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q4 bax Property Plant And Equipment Including Operating Lease Right Of Use Asset Net
PropertyPlantAndEquipmentIncludingOperatingLeaseRightOfUseAssetNet
5808000000 USD
CY2020Q4 bax Property Plant And Equipment Including Operating Lease Right Of Use Asset Net
PropertyPlantAndEquipmentIncludingOperatingLeaseRightOfUseAssetNet
5325000000 USD
CY2021 dei Auditor Name
AuditorName
PricewaterhouseCoopers LLP
CY2021 dei Auditor Location
AuditorLocation
Chicago, Illinois
CY2021 dei Auditor Firm
AuditorFirmId
238

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