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Baxter International BAX Pension settlement charge

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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$14.24B+18.2%
Enterprise value$12.45B+17.5%
P/S1.3×+0.2×

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:OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax.

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
Year ended December 31 (in millions)202520242023
Gain (loss) arising during the year, net of tax of $(14) in 2025, $(6) in 2024 and $31 in 2023$(20)$(15)$(103)
Amortization of gain (loss) to earnings, net of tax of $(3) in 2025, zero in 2024 and $(5) in 2023(8)(4)13
Settlement charges, net of tax of zero in 2025 and 2024 and $(1) 2023(2)
Pension and other employee benefits$(28)$(19)$(92)

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Baxter International's pension settlement charge?
Baxter International (BAX) reported pension settlement charge of $0 in Q4 2025.
What is the long-term trend for Baxter International's pension settlement charge?
Over 4 years (2021 to 2025), Baxter International's pension settlement charge has grown at a -100.0% compound annual growth rate (CAGR), from $2M to $0.
What does pension settlement charge mean?
The expense recognized when a pension plan settlement occurs, typically involving the acceleration of unrecognized losses. This charge reflects the immediate recognition of pension-related obligations that were previously deferred.

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