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Baxter International BAX Income Tax Reconciliation Foreign Income Tax Rate Differential
Income Tax Reconciliation Foreign Income Tax Rate Differential at other companies
Other financials
Where this comes from
Reported directly by Baxter International in its filing.
Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationForeignIncomeTaxRateDifferential.
The source filing: Baxter International’s 10-K, filed February 12, 2026.
- Filed
- Feb 12, 2026, 4:46 PM EST
- Fiscal year
- FY2025
- Accession
- 0001628280-26-007733
| years ended December 31 (in millions) | 2024 | 2023 |
|---|---|---|
| Income tax expense (benefit) at U.S. statutory rate | $(61) | $51 |
| Tax incentives | (176) | (200) |
| State and local taxes, net of federal benefit | (9) | (2) |
| Impact of foreign taxes | 137 | 190 |
| Non-deductible goodwill impairments | 86 | — |
| Notional interest deduction expense (benefit) | (37) | 31 |
| Valuation allowances | (25) | (51) |
| Stock compensation (windfall) shortfall tax expense (benefit) | 9 | 10 |
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is Baxter International's income tax reconciliation foreign income tax rate differential?
- Baxter International (BAX) reported income tax reconciliation foreign income tax rate differential of $34.25M in Q4 2024.
- How has Baxter International's income tax reconciliation foreign income tax rate differential changed year-over-year?
- Baxter International's income tax reconciliation foreign income tax rate differential decreased by 27.9% year-over-year, from $47.5M to $34.25M.
- What is the long-term trend for Baxter International's income tax reconciliation foreign income tax rate differential?
- Over 3 years (2021 to 2024), Baxter International's income tax reconciliation foreign income tax rate differential has grown at a -8.7% compound annual growth rate (CAGR), from $180M to $137M.
- What does income tax reconciliation foreign income tax rate differential mean?
- This metric measures the impact of operating in jurisdictions with tax rates different from the U.S. statutory rate. It reflects the net benefit or cost of the company's global geographic footprint on its total tax expense.
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