What is Baxter International's tax law changes on section 987?

Baxter International (BAX) reported tax law changes on section 987 of $4.25M in Q4 2024.

What does tax law changes on section 987 mean?

The tax impact caused by changes in regulations regarding foreign currency gain or loss taxation.

How do you interpret tax law changes on section 987?

Lower volatility or reduced tax charges from these changes suggest more stable tax planning.

How does tax law changes on section 987 compare across companies?

Relevant for companies with significant cross-border operations and foreign currency exposure.

Baxter International BAX Tax law changes on Section 987

Tax law changes on Section 987 at other companies

CaterpillarCAT

$56M—

Keysight TechnologiesKEYS

-$63M0.0%

LyondellBasell Industries N.V.LYB

$15.75M+333%

GE VernovaGEV

-1.4%—

Hyatt HotelsH

-7%—

CaterpillarCAT

1.7%—

Other financials

Income statement

See full

Revenue$2.7B+2.9%

Gross profit$891.0M+3.5%

Operating income$66.0M+13.8%

Net income-$15.0M-112%

EPS (diluted)-$0.03-112%

Balance sheet

See full

Cash & equivalents$2.0B-12.1%

Total debt$224.0M-8.9%

Total equity$6.0B-14.7%

Total assets$19.8B-6.8%

Cash flow

See full

Operating cash flow$213.0M+210%

CapEx$128.3M+15.0%

Free cash flow$83.0M-42.1%

Valuation

See full

Market cap$10.27B-50.6%

Enterprise value$8.48B-55.6%

P/S0.9×-1.0×

Profitability

See full

Gross margin30.1%-5.9pp

Operating margin-2.7%—

Net margin-9.7%+62.5pp

FCF margin3%-2.4pp

Returns & leverage

See full

Return on equity-16.7%-76.7pp

Debt / equity0×0.0×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Baxter International in its filing.

Tagged under the XBRL concept bax:EffectiveIncomeTaxRateReconciliationChangeInTaxLawAmount.

The official record: Baxter International’s 10-K, filed February 12, 2026, on SEC EDGAR. View the filing →

Ask your AI about Baxter International's tax law changes on section 987.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Baxter International's tax law changes on section 987?: Baxter International (BAX) reported tax law changes on section 987 of $4.25M in Q4 2024.
What does tax law changes on section 987 mean?: The tax impact caused by changes in regulations regarding foreign currency gain or loss taxation.
How do you interpret tax law changes on section 987?: Lower volatility or reduced tax charges from these changes suggest more stable tax planning.
How does tax law changes on section 987 compare across companies?: Relevant for companies with significant cross-border operations and foreign currency exposure.