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Baxter International BAX Business Segments

FY'25FY'24FY'23FY'22
Net Sales by Business
Healthcare Systems & Technologies$3.07B+4.1%$2.95B-2.1%$3.01B
Medical Products & Therapies$5.3B+1.8%$5.21B+3.9%$5.01B
Pharmaceuticals$2.49B+3.4%$2.41B+7.2%$2.25B
Segment operating income by Business
Healthcare Systems & Technologies$441M-5.8%$468M-3.1%$483M
Medical Products & Therapies$970M+2.1%$950M-2.3%$972M
Pharmaceuticals$222M-29.1%$313M-21.9%$401M
Reportable Segment$1.63B-5.7%$1.73B-6.7%$1.86B+165%-$2.85B
Other segment items by Business
Healthcare Systems & Technologies-$36M-3,500%-$1M$0$0
Medical Products & Therapies-$107M$0+100%-$2M
Pharmaceuticals-$36M-3,500%-$1M0.0%-$1M$0
Currency translation and other by Business
Healthcare Systems & Technologies$22M+257%-$14M-1,500%$1M+103%-$35M
Medical Products & Therapies$80M+243%-$56M-222%$46M$0
Pharmaceuticals$37M+261%-$23M-210%$21M$0
Selling, general and administrative expenses by Business
Healthcare Systems & Technologies$873M+4.4%$836M+1.7%$822M-0.6%$827M
Medical Products & Therapies$1.16B-1.2%$1.18B+7.2%$1.1B+2.6%$1.07B
Pharmaceuticals$429M+8.3%$396M+9.1%$363M+0.6%$361M
Research and development expenses by Business
Healthcare Systems & Technologies$190M+3.3%$184M+4.5%$176M+13.5%$155M
Medical Products & Therapies$209M-3.2%$216M-2.7%$222M+9.9%$202M
Pharmaceuticals$101M+11.0%$91M+5.8%$86M+6.2%$81M
Cost of Sales by Business
Healthcare Systems & Technologies$1.6B+9.5%$1.46B-4.4%$1.53B+4.7%$1.46B
Medical Products & Therapies$3.07B+6.9%$2.87B+5.4%$2.72B+5.3%$2.58B
Pharmaceuticals$1.78B+10.2%$1.61B+15.1%$1.4B+8.3%$1.29B
Goodwill by Business
Healthcare Systems & Technologies$13.79B-11.1%$15.5B
Medical Products & Therapies$5B+3.6%$4.83B
Pharmaceuticals$2.28B+3.9%$2.19B
Depreciation by Business
Healthcare Systems & Technologies$112M+2.8%$109M+0.9%$108M-7.7%$117M+3,800%
Medical Products & Therapies$206M+2.5%$201M-13.4%$232M+6.9%$217M+1.9%
Pharmaceuticals$65M+4.8%$62M+14.8%$54M-8.5%$59M-16.9%
Net Sales by Product
Advanced Surgery$1.2B+8.5%$1.1B+5.0%$1.05B+5.3%$998M+2.1%
Care & Connectivity Solutions$1.91B+5.3%$1.81B+0.7%$1.8B
Drug Compounding$1.14B+9.9%$1.04B+15.1%$902M
Front Line Care$1.16B+2.0%$1.14B-6.2%$1.21B+5.6%$1.15B+1,540%
Infusion Therapies & Technologies$4.1B0.0%$4.1B+3.6%$3.96B
Injectables & Anesthesia$1.35B-1.5%$1.37B+1.9%$1.35B
Net Sales by Geography
International$5.12B+7.0%$4.79B-22.3%$6.16B
United States$6.12B+4.6%$5.85B-8.4%$6.39B+9.8%$5.81B+17.7%

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Questions, answered.

How does Baxter International break its business down?
Baxter International (BAX) reports net sales by business across 3 parts — Healthcare Systems & Technologies, Medical Products & Therapies and Pharmaceuticals. Each is extracted from the segment footnotes and tracked over time.
Where does Baxter International's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Baxter International's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.