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Baxter International BAX Global Intangible Low-taxed Income, net of credits

Global Intangible Low-taxed Income, net of credits at other companies

International Business Machines logo
International Business MachinesIBM
$106.75M
International Business Machines logo
International Business MachinesIBM
$42M
International Business Machines logo
International Business MachinesIBM
4%
International Business Machines logo
International Business MachinesIBM
2%
GE Vernova logo
GE VernovaGEV
$15M
Garmin logo
GarminGRMN
$3.02M+11.1%

Other financials

Income statement

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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

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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

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Operating cash flow$213.0M+210%
CapEx$128.3M+15.0%
Free cash flow$83.0M-42.1%

Valuation

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Market cap$10.27B-50.6%
Enterprise value$8.48B-55.6%
P/S0.9×-1.0×

Profitability

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Gross margin30.1%-5.9pp
Operating margin-2.7%
Net margin-9.7%+62.5pp
FCF margin3%-2.4pp

Returns & leverage

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Return on equity-16.7%-76.7pp
Debt / equity0.0×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by Baxter International in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationGiltiAmount.

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

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Questions, answered.

What is Baxter International's global intangible low-taxed income, net of credits?
Baxter International (BAX) reported global intangible low-taxed income, net of credits of $4.5M in Q4 2025.
What does global intangible low-taxed income, net of credits mean?
The net tax cost associated with foreign-earned income under GILTI regulations.
How do you interpret global intangible low-taxed income, net of credits?
An increase suggests higher tax costs on foreign earnings, while a decrease indicates more favorable international tax positioning.
How does global intangible low-taxed income, net of credits compare across companies?
Common for large multinational companies; highly dependent on the company's international operational structure.